Nercomp Inc.

“The organization has a single class of members consisting of state or municipal institutions or for-profit institutions of higher education, or nonprofit corporations organized for educational, scientific or charitable purposes.”

“The members of the organization have the power to elect the organization's board of trustees.”

“The decision to amend the bylaws of the organization is subject to approval by the organization's members, via a majority vote.”

“The form 990 is prepared by an external accounting firm, which has established a comprehensive review process to ensure the completeness and accuracy of the information reported. Once the form 990 is finalized and ready for submission to the internal revenue service, it is electronically distributed to the board members for their review and comments. Any feedback received is systematically grouped, summarized, and relayed to the accounting firm. Each issue raised is documented and addressed until the return is finalized and approved for filing. Additionally, the form 990 was presented to the board by the accounting firm during a meeting held in october 2024.”

“Trustees, officers, and employees provide a signed conflict of interest statement annually, disclosing his or her real, potential or perceived conflicts of interest. Such members must also make interim written disclosure of any such conflicts they become aware of during the year. Individuals having conflicts of interest must abstain from discussion of matters relating to the conflict at the next board meeting and must not use their personal influence in any decision regarding the matters relating to the conflict. The minutes of any such board meeting must reflect the disclosure that was made regarding the conflict and the abstention from discussion.”

“The organization's process for determining the compensation of the executive director includes comparability data from similar-sized organizations and board discussion. The executive committee recommends the compensation and the compensation is approved by the board when the annual budget is presented, reviewed and approved. The process occurs annually prior to the july 1st pay period. Approval of the overall budget is noted in the board minutes.”

“The organization's governing documents, conflict of interest policy and financial statements are available upon request by contacting the organization.”

“The organization has a committee that assumes the responsibility for the oversight of the audit of its financial statements and the selection of an independent accountant. The process has not changed from the prior year.”