Milwaukee Economic Development Corp

“The executive committee, comprised of 10 directors of the organization, has full governing authority over the organization.”

“The organization has six classes of directors, of which all are members. The class i, ii, iii, and iv directors comprise 9 of 10 seats on the executive committee. The last seat of the executive committee is a class v director that was appointed by a vote of all class v directors. The 10 member executive committee elects all directors.”

“A copy of the form 990 is reviewed by management prior to filing. All directors are made aware that a filed copy of the form 990 is available to all directors for review upon request.”

“The executive committee and staff complete forms annually. If any instances of potential conflicts come up based on the annual forms or during the ordinary course of business, they are to be reported to the board of directors and appropriate action will be taken and followed up on as instructed in the policy.”

“The corporation periodically engages an outside consulting firm, mra, to review job descriptions for all positions and compare compensation and benefits with published and unpublished salary and benefit surveys. Pay ranges and benefits are established and adjusted using this market information. This process was last completed in 2018. The corporation also has a compensation committee consisting of directors which reviews the mra findings, compensation and benefits.”

“Summary financial information is published in our annual report. The annual report, financial reports and policies are available to the public upon request.”

“Assignment of notes to investor members - cf ii-iv nmtc unwinds -42,150,000. Gain on nmtc unwind 6,731,327. Contribution expense nmtc unwind -5,236,650. Partnership distributions -1,110,015.”

“No changes have been made from the prior year.”