- 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