Cgfns International Inc

“The board of trustees delegated to the audit committee the responsibility to review the form 990 before it is filed. Each member of the audit committee reviews the draft form 990 which is prepared under the direction of the organization's chief financial officer. The audit committee then meets as a group to discuss the draft form 990. The president and chief executive officer (ceo), the chief financial officer, cgfns' independent auditor, and the general counsel attend the meeting to answer questions posed by members of the audit committee. Based upon their review and answers to any questions posed, the audit committee may (or may not) recommend that amendments to the draft form 990 be made. The draft form 990 is provided to all trustees for their review and comment via the board of trustees' secure website. At the next scheduled meeting of the board of trustees, the audit committee chair reports on the audit committee's review of the draft form 990 and any amendments recommended by the committee.”

“Pursuant to the organization's conflict of interest policy, on an annual basis members of the board of trustees and the ceo are required to complete a conflict of interest questionnaire and submit it to the board chair. Any identified conflicts are reviewed by the board and the general counsel and appropriate action is taken. Appropriate action may range from requiring the trustee to recuse himself or herself from any discussion and vote concernng the identified conflict, up to and including requiring the trustee to resign from the board due to the identified conflict. If a conflict arises during the year, the trustee or ceo is required to contact the board chair and the general counsel. If required, the board chair may call an executive committee meeting to review the identified conflict, and take any required action. Also, at each orientation of new board and committee members and annually at a board of trustees meeting the general counsel makes a presentation concerning the conflict of interest policy. Other officers and key employees are required to complete the same conflict of interest questionnaire as the board members and submit it to the ceo. If conflicts are identified during the year, the other officers and key employees are required to contact the ceo to discuss the conflict. The ceo may consult with the general counsel to determine appropriate action, ranging from no action to requiring resignation from the organization due to the conflict of interest.”

“Line 15a: during the fourth quarter of each year, the executive committee of the board of trustees meets with the ceo to establish annual priorities and goals, based upon the strategic plan, for the upcoming year. These priorities and goals are incorporated into the ceo's incentive compensation. An annual self-evaluation is submitted by ceo to the executive committee during the first quarter of the year that includes a measurement of attainment of the prior year's priorities and goals. Comparabilitiy compensation information based upon a survey by an independent external consultant and the ceo's current compensation are also provided to the executive committee. Each member of the executive committee reviews the information provided and then meets as a committee to discuss the ceo's self-evaluation, performance measured against the established priorities and goals, comparability compensation information, and the ceo's current compensation. Based upon their review, a recommendation for an incentive compensation award and an adjustment (or no adjustment) to the ceo's compensation is made to the board of trustees. The board of trustees entertains the executive committee's recommendation and takes board action through a vote. Based upon that vote, a letter is drafted by the secretary of the board of trustees and sent to the human resources director indicating the approved action by the board of trustees. Any incentive compensation awards or adjustments to the ceo's compensation are made at that time. Line 15b: through the budget process an aggregate salary adjustment is approved by the board of trustees for the other officers and key employees, as well as for all other employees. Biannually, the human resource director reviews compensation, job descriptions and grade levels in order to establish currency and competitiveness in the marketplace. Salary survey data is obtained from several sources on an annual basis. Periodically a salary survey is conducted by an outside consultant.”

“Cgfns is registered with the commonwealth of pennsylvania to solicit contributions and accordingly, the organization is required to make its financial statements available to the public. The organization may charge a small fee to cover the cost of copying and mailing the financial statements. At this time, the organization does not make its governing documents or conflict of interest policy available to the public because the law does not require them to be made available to the public.”

“The organization has an audit committee that assumes responsibility for oversight of the audit and the selection of the independent auditors. This process has not changed from the prior year.”

“Cgfns international did not receive any contributions of qualified intellectual property or any contributions of cars, boats, airplanes and other vehicles. Therefore, the organization is not subject to the filing requirements for these types of contributions.”

“Cgfns international does not give grants or assistance, therefore this question is not applicable.”