Inglis Foundation

“The chair of the board shall appoint a committee on the board, comprised of all officers of the corporation and not more than two (2) other individuals. The committee on the board shall meet at least six times each year and shall have responsibility for: (a) board development, recruitment, and nominations, (b) ceo development, recruitment, and nomination; and (c) executive compensation. The ceo shall not participate in committee meetings, or portions of those meetings, in which matters concerning the ceo are discussed. The committee on the board shall designate nominees for election to the board of directors of the corporation, the controlled entities, and the sub-entities at least fifteen (15) days in advance of the date of the annual meeting.”

“The prepared 990 is initially reviewed by internal finance personnel. Once the form 990 is approved by management, the audit committee and each member of the board of directors receive copies to review prior to being filed with the irs.”

“All employees of inglis foundation and related entities must ensure that customer care and business activities are conducted in an objective manner and are not motivated by desire for personal or financial gain. All employees are required to disclose any actual or potential conflict of interest to his or her manager, human resources or the chief ethics and compliance officer for appropriate determination and resolution. In addition, all directors, officers, members of committees with board-delegated powers and all senior managers must complete a conflict of interest affirmation of compliance and disclosure statement upon hiring, on an annual basis, and when a potential conflict of interest arises. The foundation's committee on the board has responsibility for reviewing the disclosure statements and enforcing the policy. If a conflict is deemed to be present by the committee on the board, only disinterested board members may participate in a vote of the proposed transaction. Family and business relationships are expressly mentioned in the conflict of interest policy.”

“The organization retains an external firm to conduct market studies and make recommendations for compensation, taking into consideration fair market value for the industry. Non-union, non-executive roles are evaluated every 2-3 years based on market fluctuations or demand. Executive compensation is evaluated annually and the findings are presented to the "committee on the board" for approval of compensation package. The "committee on the board" is a subcommittee of the board that is responsible for compensation review, and the decisions regarding compensation are documented in committee meeting minutes. An annual benchmark is conducted for executive compensation and for any position that is in high demand, and an external firm provides overall trends for the year. Compensation has been reviewed in 2018.”

“The organization makes the governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Board meetings: each board member attends four board meetings per year, which last a total of approximately 16 hours. They are also on two separate committees which have three meetings per year, which last about 16 hours in total. Additionally, each board member spends about two hours per month outside of meetings on inglis business. Therefore, the total time spent on inglis business by non-employee officers and directors is approximately 56 hours, or 1 hour per week.”

“Transfer to affiliates -1,133,430.”