Crossroads Rhode Island

“The annual meeting of the members shall be held in the month of april at such place, date and time as may be determined by the board of directors, for the purpose of electing individuals to serve as directors of the corporation and transacting such other business as may properly come before them. The board of directors shall consist of at least 15 and no more than 40 members. And an ex-officio member. At each annual meeting, crossroad shall elect such number of directors whose terms of office expire on such date. Directors elected to servce on the board for the first time are elected for a term of 3 years and until their successors are chosen and qualify. Directors who have served a full 3 year term many be reelected to serve for up to two additional 3 year terms.”

“Members of the organization's audit committee review the form 990 and recommend to the board to accept the form as completed prior to filing. The form 990 is provided to each director via e-mail and each director then confirms receipt by e-mail prior to filing.”

“Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a) has received a copy of the conflicts of interest policy; b) has read and understands the policy; c) has agreed to comply with the policy, and; d) understands the corporation is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. Periodic reviews shall be conducted to ensure the corporation operates in a manner consistent with its charitable purposes and does not engage in activities that could jeopardize its tax-exempt status. The periodic reviews shall, at a minimum, include the following subjects: (a) whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining; (b) whether partnerships, joint ventures, and arrangements with management organizations conform to the corporation's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction.”

“The process of determining the president/ceo's salary is the responsibility of the compensation committee. The committee consists of five board members and two-thirds of the members present will constitute a quorum. The committee directs administration to obtain, review and assimilate comparable compensation data for the president/ceo and key executive officers no less than twelve months or no more than twenty-four months. Annually, the committee will review and recommend to the board, organization goals and objectives for the president/ceo at the end of each year, evaluate the performance against these goals, and recommend to the board any salary action to be taken. When making its recommendation for the president/ceo's salary, the compensation committee also factors in that the president/ceo oversees the management of three low-income housing tax credit partnerships in addition to the activities of crossroads rhode island. The compensation committee delegates to the president the goal setting, evaluation, and any salary recommendations for the key executives/officers of the organization and will have the responsibility of reviewing and approving these salary actions.”

“Documents are made available upon request.”

“The organization did not change either its oversight process or selection process during the tax year.”