Maine Center for Economic Policy

“PROCESS OF BOARD REVIEW OF 990 The form 990 in draft pdf version is sent to the full Board to solicit comments. The Finance Committee is charged with final review and approval of the Form 990 after receiving Board comments.”

“DISCLOSURE OF CONFLICTS OF INTEREST Staff will disclose any potential conflicts of interest at biweekly staff meetings. The Board bylaws require Board members to inform the Board of any conflict which any Board member may have, and this discussion takes place at the bimonthly Board meetings. No formal questionnaire is provided.”

“COMPENSATION REVIEW The Board reviews the Executive Director position by evaluating performance and compensation. In reviewing compensation, MECEP relies on comparability data for this position, as well as looking at past history and budget flexibility. When reviewing other staff compensation, MECEP also relies on both comparability data for various positions, as well as looking at past history and budget flexibility.”

“AVAILABILITY OF FINANCIAL DOCUMENTS The organization is ready to offer copies of the governing documents bylaws, its conflict of interest policy, and any financial statement requested at no charge, upon request. These could be provided via email or hard copy a reasonable copy charge may apply for large hard copy requests.”

“CHANGE IN PROGRAM SERVICE As described on page 2 narrative line 4b, the Engage Maine program ceased operations in spring 2013. Engage Maine was, from 2007 through early 2013, a collaboration of Maine organizations working in a non-partisan effort to advance progressive public policies. MECEP was one of the host organizations to receive Grants and pay predominantly consultant expenses. This discontinuation reflects only a very small part of MECEPs overall operations.”

“ACCOUNTS PAYABLE AND ACCRUED EXPENSE - MECEP is on a modified cash basis and this line represents payroll tax liabilities as of year-end, plus pension accruals.”