Tides Network

“The tides network board of directors adopted new bylaws on july 20, 2022. Bylaws for tides network have been updated to reflect governance updates including an updated committee structure.”

“The form 990 is prepared by an independent tax accountant in conjunction with the organization's finance and accounting department. The treasurer/cfo and legal counsel and compliance review a draft of the form 990; adjustments are made as necessary. A complete copy of the form 990 is then provided to the members of the board of directors prior to filing with the internal revenue service.”

“Under the terms of the conflict of interest policy, covered individuals, including officers and members of the board of directors, center advisory boards, and designated staff are required to submit conflict of interest disclosure statements at the time a person becomes a covered individual and annually thereafter. The policy requires covered individuals to periodically update the conflict of interest statement as material facts change, as well as make verbal and/or written disclosures of potential conflicts of interest as they arise. At any time that a potential or actual conflict of interest is identified, disclosure must be made to the board of directors, the appropriate committee, or staff (depending on the nature of the potential or actual conflict). Prior to acting on any matter where a potential or actual conflict is identified with respect to an officer or member of the board, the conflict and all material facts related to it must be fully disclosed by the covered individual to the board prior to consideration of the proposed matter. If the board determines a conflict of interests exists, the covered individual, if requested to do so by the chair of the board, may provide additional factual information regarding the affected transaction, but may not participate in or attempt to influence deliberation and voting. The covered individual must be excused from the meeting prior to deliberation, and may not return until deliberation and voting on the matter have been concluded. The policy provides for similar procedures for advisory committees to address matters that are decided at the advisory committee level. If questions arise with respect to the policy or procedures for disclosing a potential or actual conflict, the matter may be referred to human resources or the legal, compliance and risk department for review and resolution consistent with the policy. In the event of a delay in collection of disclosure statements, the organization takes steps to address so that the forms are brought up to date.”

“The tides network board of directors is responsible for reviewing any new, modified or extended compensation packages of the ceo, cfo and any other officers it determines appropriate. Tides prioritizes equitable compensation for all tides staff and evaluates compensation internally and with comparable organizations to ensure that it is just, reasonable, and equitable. For the ceo and cfo, tides network board of directors' executive compensation subcommittee reviews performance and compensation annually, utilizing compensation studies to determine appropriate compensation. This process is documented in the minutes of the executive compensation subcommittee. Tides network also utilizes comparability studies in determining appropriate compensation for other executives and key employees of the organization. The last compensation reviews for the ceo and cfo were performed in february 2022. Tides also evaluates all staff compensation periodically using external studies to ensure equitable compensation.”

“The financial statements are provided on the organization's website. The governing documents and conflict of interest policy are not generally provided.”

“All directors and officers completed the required annual disclosure statement for 2022. Due to staff turnover, key employees were inadvertently omitted from completing the annual disclosure statements in 2022. All directors, officers, and key employees have completed the required annual disclosure for 2023.”