Catalyst Connection

“The executive committee consists of the chairperson and other directors of the corporation determined by the the board of directors. The executive committee, when the board of directors is not in session, has the power and authority of the board of directors with respect to the affairs of the corporation, except for creating and filling vacancies on the executive committee.”

“The audit committee shall review and approve the irs form 990 prior to submission and the full board shall receive a copy of form 990 within 30 days of submission.”

“Officers and directors are required to disclose potential conflicts of interest annually. The conflict of interest policy is reviewed by the board of directors. The board reviews potential conflicts of interest as they arise. When transactions involving an interested party occurs, the board preapproves the transaction with the interested party absent.”

“Compensation for the organization's officers is determined by following a written program based on industry data reported, by an independent third party. Executive compensation is specifically reviewed and approved annually by the compensation committee using this data.”

“The organization's governing documents and financial statements are available to the public upon request. The conflict of interest policy is not made available to the general public but is available for inspection by federal and state agencies.”

“Consulting - manufacturers: program service expenses 36,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 36,500. Consulting - regional initiatives: program service expenses 778,236. Management and general expenses 0. Fundraising expenses 0. Total expenses 778,236. Consulting - lean practice: program service expenses 87,040. Management and general expenses 0. Fundraising expenses 0. Total expenses 87,040. Consulting - growth services: program service expenses 407,536. Management and general expenses 0. Fundraising expenses 0. Total expenses 407,536. Consulting - workforce development services: program service expenses 356,244. Management and general expenses 0. Fundraising expenses 0. Total expenses 356,244. Other professional services: program service expenses 110,190. Management and general expenses 137,787. Fundraising expenses 15,179. Total expenses 263,156. Consulting - program service expense: program service expenses 7,602. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,602.”

“This process has not changed from the prior year.”