CEO Forum Inc

“Ceo forum entered into an agreement with bright and associates llc for management services including the work of cfo & treasurer, todd bright. The scope of these services included financial operations via cfo services. A total of $78,000 was paid to bright and associates llc during the year with $78,000 allocated to the management role of cfo & treasurer for todd bright.”

“Form 990 was prepared by an independent cpa firm. The return was reviewed in detail by the finance team and then sent to the board for their review before being filed with the irs.”

“Board members and officers are required to disclose potential conflicts of interest on an annual basis. The signed statements are reviewed by the ceo/president. The finance and management teams monitor all transactions. Any potential conflicts of interest identified are brought to the board's attention, and the member with a conflict excuses himself from the decision making process. The remaining board members then vote to decide whether the transaction is in the best interests of the organization.”

“15a: the compensation committee, consisting of independent members of the board of directors, is responsible for determining compensation and benefits for the ceo/president. In making their decisions, comparability data is referenced including compensation and benefits provided to individuals holding similar positions at similar organizations in similar geographic regions. All compensation related deliberations and decisions are recorded in communication with the cfo. 15b: the organization does not compensate any other officers or key employees. Therefore, this line was answered no in accordance with the instructions.”

“The governing documents, conflict of interest policy, and financial statements are available upon request.”

“Compensation reported in part vii, column d and schedule j, part ii, column b is the amount reported on the individual's w-2, box 1 or 5 (whichever amount is greater) per the irs instructions. In the case of minister's compensation when box 5 of the w-2 is not applicable, box 1 compensation is used. Employee deferrals to qualified retirement plans are normally captured in box 5, not box 1 of form w-2. For reporting purposes we have included the minister's retirement plan deferrals in part vii, column f and schedule j, part ii, column c.”

“Ceo forum does not file any w-2s as all employees are outsourced from a professional employment organization (peo). The number reported on this line represents the number of employees the filing organizations leased from the peo. Ceo forum reimburses the professional employment organization for the employees' compensation and the reimbursements are reported on 990 part vii, section a and 990 part ix, lines 5 -10.”