Bob Jones University Museum and Gallery, Inc. - Page 5

                                        - 5 -                                         
          the University, petitioner will insist on reasonable                        
          remuneration.                                                               
               According to its bylaws, petitioner is governed by a board             
          of directors that must consist of at least three members and that           
          is self-perpetuating.  The board appoints officers for 1-year               
          terms.  Both the directors and the officers serve without                   
          compensation from petitioner.                                               
               Petitioner's board of directors currently consists of five             
          persons:  Bob Jones, chancellor of the University and the son of            
          the University’s founder; Bob Jones III, president and a member             
          of the board of the University and the son of Bob Jones; John               
          Brausch, an accountant; Terry E. Haskins, an attorney; and R.               
          Dana Sullivan, a businessman.                                               
               Petitioner's officers are as follows:  Bob Jones III,                  
          president; Bob Wood, vice president (Mr. Wood is also a vice                
          president of the University); Roger Syrja, treasurer; and Roy A.            
          Barton, Jr., secretary (Mr. Barton is also the executive director           
          of financial affairs for the University).                                   
               In recent years, the number of visitors to the museum has              
          exceeded 20,000 annually.  Approximately 80 percent of the                  
          visitors have no connection with the University.  The museum is             
          open to the public free of charge.  Petitioner anticipates that             
          substantially all of its revenue will come from contributions.              
          The balance of its revenue will come from sales of artwork                  
          reproductions in a gift shop.                                               




Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  Next

Last modified: May 25, 2011