United Way Inc. DBA United Way of Central & Northeastern Ct

“By Laws, Article VI "Members" 1. - The corporation shall have one class of members consisting of each individual and corporate contributor to the United Way's annual campaign in the preceding calendar year.”

“By Laws, Article VI "Members" 2. - An annual meeting of the members of the United Way shall be held each year on such date and at such time and place as the Board Chair shall fix, for the purpose of electing Directors and other business as may properly come before the meeting.”

“UWCNCT's Audit Committee reviews and accepts the 990. Then it is reviewed and accepted by the Finance Committee. It is then provided in electronic form to each member of the Board several days prior to the November Board meeting at which time it is presented for acceptance by the full Board.”

“Annually each member of the board is required to complete a conflict of interest statement. Each board member statement is reviewed by the audit committee chair. Conflict of interest statements are completed by all staff and reviewed by the president & ceo.”

“Senior executive compensation policy: the benefits and compensation committee will: - be chaired by a board member and will have at least three other members from the board, the community and/or organization staff (excluding the ceo) who possess experience and expertise in human resources and benefits. - participate in the review of the senior executive compensation annually (defined as any position vice president and above) and document via the minutes and vote their review and oversight of the compensation process and data. - develop a report that will include meeting minutes and supporting materials that document executive compensation decisions approved by the executive committee or the board. The benefits and compensation committee chairperson will: - report and recommend executive compensation and benefits to the executive committee and the board. - in conjunction with human resources, report specifically the president and ceo compensation information to the united way worldwide membership accountability committee (mac) along with the benefits and compensation committee policy on compensation. Compensation review: the benefits and compensation committee will review and recommend senior executive compensation and benefits to the executive committee on an annual basis, typically prior to the november board meeting. Consideration will include comparable market data, financial circumstance of the organization and performance of the individual. All senior executives' compensation and benefits (defined as any position vice president and above) will be reviewed annually by hr utilizing compensation best practices. No senior executive may participate in the deliberation or the recommendation of the benefits and compensation committee or the executive committee with respect to such senior executive's compensation or benefits. Typically at the november board meeting, the recommendations will be reviewed and approved by the board. In order to remain relatively competitive for staffing purposes, it is our goal to maintain salaries within 10% - 15% of the position median as reflected by the market. Market is generally defined as comparably-sized charitable organizations with similar mission statements, located in the northeast. Market data may include for-profit organizations, to the extent required by the local market for talent. If a position falls beneath the 15% range, it is reviewed and a salary adjustment may or may not be recommended. This range is offered as a guideline not an exact measure and consideration is given to an individual's performance, contribution, experience, etc. As part of the compensation. United way worldwide (uww) data is a primary source for all staff compensation analyses which is comprised of data solicited periodically from united ways across the country. Uww data is then narrowed by region and revenue levels to ensure applicability. Specific compensation surveys are also ordered to provide additional data sources as well along with any free online tools that provide compensation data. For senior executives, data for local non profits of comparable size are also utilized via information on the irs form 990. We strive to find multiple data sources to ensure that we have a thorough comparison for each position. Merit based compensation: performance will be reviewed annually typically on or about july 1st, the beginning of the fiscal year. United way of central and northeastern connecticut will recognize performance with increases to base salary for eligible employees. Salary increases are not automatic each year, but are based on performance, financial circumstances of the organization and the discretion of management and the board. Salary ranges for positions will be established and reviewed periodically to ensure such ranges reflect the market. Management retains discretion to provide a lump sum payment in lieu of a salary increase in the event an individual's salary is near or above the market range f”

“The Organization uses Guidestar.ORG and their own website to make the governing documents, conflict of interest policy, and financial statements available to the public.”

“pension related changes other than net periodic pension cost -624,643. CHANGE IN INVESTMENTS HELD IN TRUST BY OTHERS -408,611.”

“There have been no changes made to the organization's oversight or selection process during the tax year.”