Tampa Hillsborough Economic Development Corporation

“The executive committee consists of several current members of the board of directors including the chair, vice chair, secretary/treasurer and immediate past chair. The executive committee is empowered and authorized to exercise all of the powers and authorizations possessed by the board of directors at all times, except during times when the board of directors is in session. The annual meeting of the executive committee and board of directors is held within 75 days after the end of the fiscal year.”

“The form 990 is reviewed and approved by the executive committee. Warren averett, llc finalizes the return and provides technical and reporting advice to the executive committee to ensure a complete and accurate return is filed with the irs. Once reviewed and approved by the executive committee, the 990 is provided to the board of directors to review prior to filing.”

“Any director, officer, or member of a committee with board delegated powers who has a direct or indirect financial interest is an interested person. An interested person must disclose to the appropriate board members or committee(s) the details of any financial interest which could lead to a conflict of interest. The board members or committee(s) will discuss the matter with the interested person and then vote on whether a conflict of interest exists and any steps that should be taken to resolve the conflict. The chairperson of the board or committee may also, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement.”

“Pursuant to the bylaws, the organization has an active compensation committee that reviews and approves the compensation for the president and ceo, including direct pay and benefits. The compensation plan includes benchmark comparisons of pay and benefits to industry and geographic data. These items are collectively approved by the executive committee through the annual budget approval process. The ceo's performance is reviewed by the compensation committee annually. The compensation for all employees other than the ceo is determined by the ceo. These items are collectively approved by the executive committee through the annual budget approval process.”

“The organization's governing documents, conflict of interest policy and financial statements are made available to the public upon request.”

“Difference in py ending -25.”

“The organization made no changes to its oversight process or selection process during the tax year.”