Neponset River Watershed Association

“Under the Organizations bylaws, the board of directors may from time to time establish one or more classes of membership which at least one must be voting members, currently the organization has only one class of members, which is open to any individual or corporate entity which has paid membership dues of $40 or more in the prior 12 months.”

“The Organizations bylaws charge the members with responsibility for electing the Board of Directors and the officers of the corporation at the annual meeting of the members and / or special meetings of the members.”

“The members have the power to amend the bylaws.”

“A copy of the form 990 is reviewed by the Executive Director, President, Treasurer and the Board before it is signed and filed.”

“Board members are reminded annually by the executive director to make any needed updates to their conflict of interest disclosures.”

“The Board reviews compensation levels for all the executive director and other top management positions annually. Compensation levels are determined based on market conditions and periodic reviews of compensation at similar organizations.”

“The Board and executive director review compensation levels for all staff annually. Compensation levels are determined based on market conditions and periodic reviews of compensation at similar organizations.”

“Copies of the Organizations 990 forms are available via www.guidestar.org and also on the Attorney generals charities website www.charitites.ago.state.ma.us/charities. Other documents are available upon request.”

“Unrealized / realized gain on investments at FMV”

“These expenses are related to contractors hired to perform conservation and engineering services on behalf of this organization.”

“Schedule D, Part V, Line 4The Endowment funds are to be held into perpetuity, with the exception of $6,700 that is board restricted (quasi endowment) funds. The purpose of the endowment is to contribute to the long term stability to the organization.”