Century City Bid Association

“The organization has contracted with third party companies to provide its part-time government liason.”

“The executive committee received a copy of the form 990 and responded with written approval via email.”

“The reviews are conducted annually. Each director, principal officer, and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy b. Has read and understands the policy c. Has agreed to comply with the policy d. Has disclosed any conflicts of interest that he or she may have with regard to the corporation the periodic reviews shall, at a minimum, include the following subjects: a. Whether compensation agreements and benefits, if any, are reasonable, based on competent survey information and the result of arm's length bargaining. B. Whether partnerships, joint ventures, and arrangements with management organizations conform to the corporation's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further nonprofit purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction.”

“The corporation's executive committee shall conduct the due diligence necessary to determine a reasonable salary for all employees and contractors of the corporation. In doing so, the corporation shall ensure that the compensation is reviewed annually and set using appropriate comparability data, which shall include the review of at least three reasonable comparisons regarding amounts paid for like services, by like enterprises, under like circumstances. Such due diligence may include the engagement of the services of a professional executive compensation specialist or consultant.”

“The organization's governing documents, conflict of interest policy, and financial statements, form 1023 and 990 are available upon written request.”

“The organization did not change either its oversight of the review of its financial statements process or selection of an independent accountant process during the tax year.”