Community Boating Center Inc

“A copy of the form 990 is provided to the members of the finance committee for review, and a recommendation is then made to the board of directors for approval of the form 990. A copy of the form 990 is provided to each member of the board for their review prior to the approval of the recommendation.”

“Each board member is interviewed by members of the executive committee prior to joining the present board of directors. During such interviews, discussions are had as to whether the candidates current position or involvement regarding other organizations could cause a conflict of interest. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the director and members of the committees with the governing board delegation powers considering the proposed transaction or arrangement. Any director, principle officer, or member of a committee with governing board delegation powers is required to report a conflict as soon as it is known.”

“The compensation committee performs an annual review of the compensation of the executive director. This compensation review can include the following actions, but not all are required: (1) utilization of published surveys and direct contact with comparable organizations to establish local benchmark pay data for comparable non-profit organizations; (2) the guidestar compensation report or comparable comprehensive national reports can be used to benchmark, national, regional and state data for similar organizations as necessary; and (3) the utilization of an independent qualified consultant used to collect and present the data.”

“Governing documents, policies, and the annual financial statements are made available to the public upon request.”

“Unrealized appreciation on marketable securities is not included in the form 990.”

“The finance committee is responsible for the oversight of the compilation of the financial statements. The finance committee, along with input from the executive committee, is responsible for the selection of an independent accountant.”