Little Lighthouse Central Mississippi Inc.

“A draft of Form 990 is delivered to the Organization's Board of Directors for review. The draft is reviewed/discussed and any questions arising by the board members are answered/cleared prior to the filing of the Form 990 with the IRS.”

“A conflict of interest policy is provided to all board members and key employees annually. It is revised and any necessary disclosures are made yearly. Any conflicts arising during the year are documented in the board minutes along with any resolution details. A final copy of the policy is signed by each board member.”

“The policy of the Organization is to provide compensation that is fair, reasonable, and consistent with compensation paid in the nonprofit sector for positions of comparable complexity and responsibility. The goal of this policy is to recruit and retain high-performing employees and to motivate, recognize and reward excellent performance. Prior to making significant adjustments in the compensation of the Executive Director, the board shall conduct a comparative analysis of compensation of similar organizations. The job performance of the executive director and the data generated by the analysis will figure significantly into any changes made to the compensation package of the executive director.”

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

“Process for Committee Oversight of the Reviewed Financial Statements: The auditor meets with the Board of Directors making a full presentation at the completion of the audit for the year answering any of the Board's questions. The auditor works closely with the Board of Directors during the year should any concerns arise.”