Greater Providence Warwick Convention and Visitors Bureau

“The organization has members.”

“The members elect two people to serve on the board of directors.”

“A draft of the form 990 is provided to the finance committee, which then reviews and approves the form 990 for filing.”

“Officers and directors are required to disclose whether or not they have any ownership or interest in any vendor who has provided services to the pwcvb, and/or, have earned from the pwcvb greater than $50,000. The organization monitors and enforces compliance with the conflict of interest policy by asking board members to disclose any conflict of interest to agenda items at each board of director meeting.”

“In compliance with internal revenue service guidelines for approval of senior management compensation, the board of directors of the providence warwick convention & visitors bureau will follow the following guidelines for review and approval of compensation of the ceo and key employees. The criteria to be considered in determining each of the principal elements of each executive's compensation as well as the overall compensation package thereof, include (1) compensations awarded to comparable executives in the same industry; (2) performance of the organization compared to targeted results as well as comparable companies; (3) the performance of the executive during the past year comparable to performance targets set; (4) any other factor which the organization determines to be relevant. The weight to be given to each of the foregoing criteria is determined by the personnel/compensation committee in the exercise of its reasonable judgement in accordance with the purposes of this executive compensation policy.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Multimedia 159,564. Other community events 152,630. Memberships 105,747. Research 99,090. Equipment rental and maintenance 76,302. Collateral production 65,834. Professonial development 55,098. Telephone and internet 46,277. Organizational development 28,920. Storage 10,763. Postage 8,640. Property taxes 4,664. Automobile expense 3,778.”

“This procress has not changed from prior year.”