Leadership Prince William

“PART V: LINE 2a: THE ORGANIZATION USES AN OUTSIDE FIRM AS THEIR EMPLOYER OF RECORD. AS SUCH, THERE ARE NO W-2S REPORTED UNDER THE ORGANIZATIONS NAME OR EIN. WAGES ARE STILL REPORTED IN PARTS VII AND IX PER IRS FORM 990 INSTRUCTIONS.”

“The executive director, treasurer, and accountant work on data input and responses. The treasurer presents the draft 990. The executive director, chairman, and finance committee chair review the 990. Any necessary changes are made and the 990 is then approved and filed with the irs.”

“THE PROCESS FOR DETERMINING EXECUTIVE DIRECTOR COMPENSATION INCLUDES REVIEW AND RECOMMENDATION BY AN AD-HOC COMPENSATION AND HR COMMITTEE, WITH REVIEW AND APPROVAL FORWARDED TO THE BOARD OF REGENTS BY THE EXECUTIVE COMMITTEE, AND FINAL APPROVAL BY THE BOARD OF REGENTS.THE AD-HOC COMMITTEE LEVERAGES COMPATABILITY DATA TO DERIVE A MARKET VALUE BASED ON THE SIZE/SCOPE OF THE ORGANIZATIONAND THE DOCUMENTED SKILL SET AND EXPERIENCE OF THE CANDIDATE OR CURRENT EXECUTIVE DIRECTOR. THE RESEARCH AND DELIBERATION HAS PREVIOUSLY BEEN DOCUMENTED IN EMAIL CORRESPONDENCE WITH THE FINAL APPROVAL CAPTURED IN BOARD OF REGENTS CLOSED SESSION MINUTES. THIS PROCESS WAS LAST UNDERTAKEN IN July, 2016.”

“The organizations governing documents are not generally made available to the public.”

“Board members dr. Gary jones and gary jones ii are father and son. Board members mark shaaber and harry horning ii have a business relationship that does not conduct business with the organization. Board members jackie krick and bennett whitlock have a business relationship for an entity that does not conduct business with lpw.”

“EQUIPMENT”

“SECURITY DEPOSIT ASSETS”

“PREPAID EXPENSES”

“INVENTORY ASSET”

“ACCOUNTS RECEIVABLE”

“PAYROLL TAXES”

“CURRENT LIABILITIES”

“DEFERRED REVENUE”

“Employee benefits payable”

“Dues & subscriptions 404. 0. 404. 0.”

“Licenses & fees 70. 0. 70. 0.”

“Bad debt-uncollectible reeivables 5010. 5010. 0. 0.”