The Blanchard Means Foundation Inc

“Subcommittees of bmf's board of directors provide recommendations and assistance to the governing body for formal vote of the governing body only on behalf of the organization. Subcommittees of the full board do not have voting authority to act independently on behalf of the organization.”

“Form 990 will be distributed to each director during a regular meeting. The contents will be detailed by the ceo and a vote will be recorded to denote acceptance of the its contents and to authorize formal filing of the document by blum, shapiro & company p.c.”

“Board memebers and officers sign the conflict of interest policy and a statement indicating interests that could give rise to conflicts each year.”

“In the first half of each fiscal year as scheduled by the bmf board of directors, ceo evaluation and compensation review is processed as initiated by the bmf board of directors. Agency wide strategic goals are presented to the board of directors by the ceo for this process which outlines the prior year's organizational and strategic goals set, outcomes and accomplishments, as well as detailing the identified goals for the following twelve month period. The previous review goals for the ceo are submitted with the resulting outcomes. In tandem with the ceo review process, the director of human resources and the chief financial officer prepare an analysis of ceo compensation disclosures for a minimum of five not-for-profit organizations in the commonwealth of massachusetts with criteria of like annual revenue and like mission for comparison. A full comparative analysis is prepared outlinting compensation and benefit plan contributions for a period of three years for all organizations selected to included venture, utilizing form 990 disclosures as published through guidestar and the office of the attorney general of the commonwealth of massachusetts. The bmf board of director's, in formal executive session, reviews the comparability data prepared. Compensation and/or benefit increases are approved through formal and recorded vote of the board of director's. Compensation for the ceo is then processed by the cfo as authorized and directed by the president of the board of directors. Bmf is governed by a volunteer board of director's who do not receive any form of compensation. Key employee and upper management compensation is approved by the ceo. Venture participates in annual not-for-profit compensation surveys through the mass council of human service providers, the association for developmental disability providers and through its membership with the employer's association of new england, inc. To set baselines and comparability of salary for upper management and key personnel. Salaries are determined at point of hire utilizing the survey tools as well as educational achievement to determine prevailing rates, in unison with the fiscal ability of the organization. Salaries are reviewed on an annual basis by the ceo, cfo and director of human resources and changes are made as the fiscal position and funding commitments of the organization allow.”

“Form 990 will be maintained on file at the administrative facility and therefore accessible for inspection as requested. Proper identification of reviwer will be documented upon request of inspection and as approved by the ceo.”

“Forms will be maintained at the administative facility of the organization located at 1 picker road, sturbridge, ma and therefore accessible for inspection as requested. Proper identification of reviwer will be documented upon request of inspection and as authorized by the ceo.”