Milwaukee Economic Development Corp

“The executive committee, comprised of 11 directors of the organization, has full governing authority over the organization.”

“The organization has four classes of directors. The class i and ii directors comprise 9 of 11 seats on the executive committee. The last two seats of the executive committee consist of class iii directors. The 11 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.”

“All directors and staff must review and sign the conflict policy. Conflicts must be disclosed immediately to the president and/or the chair. Forms are updated by staff annually, by the directors at the renewal of their term.”

“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firm, mra, to review job descriptions for all positions and compare compensation and benefits with published and unpublished salary and benefit surveys.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.”

“Medc ceased to work in collaboration with the city of milwaukee and the redevelopment authority of the city of milwaukee (racm) to assist with the development and environmental remediation of commercial and industrial properties.”

“Assignment of notes to investor members - cf ii-iv nmtc unwinds -12,935,300. Partnership distributions -332,581.”

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