Citizens for Responsibility and Ethics in Washington Inc.

“The form 990 is reviewed by the cfo, legal counsel, and approved by the president & ceo of the organization. The return is forwarded to the board of directors before filing with the irs.”

“All employees and board members are required to disclose any interests that could give rise to conflicts on an annual basis. Individuals with knowledge of possible conflicts of interest must disclose the conflict to the other directors, other members of a committee of the board of directors, or an officer of the organization. Upon disclosure, the remaining directors, or in the event of an employee, the officers of the organization, will gather information and determine whether a conflict exists. If it is determined that a conflict does exist, then the interested person will be recused from any decision making position with regard to the transaction. A transaction, arrangement, or some alternative, may be approved if it is in the organization's best interest and for its own benefit, is fair and reasonable to the organization, and is the most advantageous transaction or arrangement the organization can obtain with reasonable efforts under the circumstances. If an employee, officer, director, or member of a commitiee, with board-delegated powers, violates this policy, disciplinary action may be taken including termination of the transaction or arrangement generating the conflict, formal reprimand, suspension or termination of employment and/or removal from the board as appropriate.”

“The compensation of the president & ceo and top management officials was based on compensation studies using comparative data from other organizations. The final compensation was reviewed and approved by the board of directors. Compensation for other employees was approved by the president & ceo of the organization. All compensation processes are deliberated and documented. The last compensation review took place in february 2020.”

“The organization makes its articles of incorporation and form 990 available upon request.”

“On april 30, 2020, the organization received loan proceeds in the amount of $432,300 under the paycheck protection program. The promissory note calls for monthly principal and interest payments amortized over the term of the promissory note with a deferral of payments for the first six months. Under the coronavirus aid, relief, and economic security act (cares act), the promissory note may be forgiven by the small business administration in whole or in part. The organization intends to use the proceeds for purposes consistent with the paycheck protection program and believes that its use of the loan proceeds will meet the conditions for forgiveness of the loan. The organization has applied for forgiveness after completing the 8-week period. If forgiveness is granted, the organization will record revenue from debt extinguishment during the period that forgiveness is approved.”