West Virginia Community Development Hub Inc.

“Form 990 is reviewed by the executive director and members of the executive committee of the board of directors prior to signing and filing with the internal revenue service. Furthermore, the executive director and board evaluate the competency of the person(s) or firm hired to prepare the return and confirm that the return is filed timely. The executive director and board consider this an appropriate fiduciary process, and accordingly, have taken these steps.”

“The conflict of interest policy is distributed and explained annually to all board members. Prior to each discussion and vote, board members are asked to disclose any conflicts of interest. For each conflict disclosed to the chair, the chair determines what action is necessary. At the very least, the board member with a conflict of interest must recuse himself/herself from discussion and voting on the matter at hand. Some conflicts may result in the necessity for the board member to resign their position on the board of directors. The organization's executive director monitors proposed on-going transactions for conflicts of interest and will disclose any to the board chair in order to address potential conflicts, whether discovered before or after the transaction has occurred.”

“15a - the executive committee performs an annual review of the executive director, and if the organization's financial condition allows, makes recommendations for salary increases based on amounts paid to executive directors of similar organizations. The executive committee's decisions are documented in minutes that are kept on file. 15b - the executive director evaluates all other personnel and makes recommendations to the board of directors regarding salary and compensation for other personnel based on comparable positions in similar organizations. The organization leases its personnel from an employer's network (ein resources, llc) which provides personel management, benefits management, and filing of all related payroll returns. Ein resources, llc utilizes the hub's personnel policies as provided by the board of directors and pays personnel based upon amounts authorized by the hub's board.”

“The organnization makes its tax return and governing docuemnts available to the public upon request.”

“Leased personnel: program service expenses 460,730. Management and general expenses 12,639. Fundraising expenses 5,055. Total expenses 478,424. Consultants: program service expenses 24,382. Management and general expenses 1,016. Fundraising expenses 406. Total expenses 25,804.”

“No changes from prior year.”