Mce Social Capital

“Gary ford (director), jim davidson (director), jim chu (director) and sayuri sharper (director) all have business relationships with each other.”

“A draft of the form 990 is presented to management for review. Once management has made any necessary changes, the form 990 is submitted to the audit committee for approval. The audit committee includes, but is not limited to, members of the board. It is elected by the board to assist the board in fulfilling its oversight responsibilities by reviewing: the financial reports and other financial information provided by the organization to any governmental body or the public; the organization's systems of internal controls regarding finance, accounting, and legal compliance that management and the board have established; and the corporation's auditing, accounting and financial reporting processes in general. A complete copy of the form 990 is provided to the board prior to filing electronically.”

“Mce has a written conflict of interest policy, which is posted on its website. According to the policy, all members, officers, committee members (including advisory members), employees and other persons designated by the members as subject to the policy are required to review and sign mce's conflict of interest policy each year. Board members and staff members are required to sign the statement at the beginning of each fiscal year. If a potential conflict of interest is discovered, the individual with the conflict shall not participate or be permitted to hear the members' discussions or vote. In addition, the members shall decide by majority vote whether or not an actual conflict exists. If the members find that a conflict of interest does exist, a disinterested person will be appointed to investigate alternatives to the proposed transaction. The members will then determine a reasonable solution.”

“The salaries of mce's officers are set by the ceo based on market comparability data, employee qualifications, the requirements of the position, and professional judgment. In 2020, the board of directors formed a compensation committee to set the salary for the ceo, and will continue to manage the salary of the ceo going forward. The salaries of the other officers will continue to be set by the ceo based on the same standards as previously used.”

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