Forefront

“The bylaws were updated such that member meetings for transacting business are no longer required, and the members may electronically vote to confirm new directors. The process of electing directors electronically as a slate was instituted. The percentage of members constituting a quorum was changed from 25% to 5%. The number of required directors was changed from a range of 25 to 30 to a range of 20 to 25. The terms of directors was updated. The compensation and benefits committee was dissolved, and their duties were absorbed into those of the existing audit/finance committee. The percentage constituting a quorum of directors was raised from one third to one half of the directors. Advisory committees to the board were officially recognized as the policy committee, program committee and the revenue development & communications committee. The board resolved that action taken or authorized by the board of directors that would be inconsistent with the by-laws of the corporation then in effect but is taken or authorized by the affirmative vote of a majority of all directors in office shall be given the same effect as though the by-laws had been temporarily amended or suspended so far, but only so far, as is necessary to permit the specific action so taken or authorized.”

“Any organization or individual which subscribes to the purposes and basic policies and contributes annual financial support to the continuing operation of this corporation in the amount determined from time to time by the board of directors, may become a member of this corporation.”

“Each member shall be entitled to one vote on each matter submitted to a vote of the members.”

“With the assistance of the chief financial officer, outside accountants prepare the 990. The chief financial officer reviews a draft of the 990 and compares numbers to audited financial statements. The forefront president & ceo and the chief financial officer review the draft with the audit/finance committee members at a scheduled meeting. The draft is provided to the entire board for review. The board is invited to a conference call to ask questions and offer comments to the president and ceo and the chief financial officer.”

“The organization identifies each board member and employee with a stated conflict of interest or potential and maintains a list of the stated conflicts / potential conflicts.”

“Ceo: president's performance review committee: consists of the following board members - board chair, audit/finance committee chair, and treasurer. Comparability data obtained from other regional associations of grantmakers and from other nonprofit organizations. Annual decision process is substantiated in writing. Committee makes recommendation to board. Top management and all other employees: ceo and chief financial officer present salary pool recommendation to audit/finance committee based on change in cpi, organization's financial situation, and other relevant information.”

“Public disclosure of 1023 - the organization is not required to make its 1023 application available to the general public as it was formed prior to 07/15/1987.”

“Recent audited financial statements are available on the illinois attorney general's website. Governing documents and conflict of interest policy are not available to the general public.”

“Return grants to previously sponsored projects -290,403.”