The Confectionery Foundation

“During the year, the organization updated the by-laws to add the board position of ex-officio chairman, and updated the elected officer term to a single 2 year term. The nomination process was also updated.”

“The form 990 was prepared by the outside accountants and reviewed by senior management. Prior to filing with the irs a final copy of the 990 was made available to all board members on a secure section of the website.”

“All employees and board members must sign an annual conflict of interest disclosure. An employee/ board member must promptly disclose actual or potential conflicts of interest, in writing, to the human resources department before engaging in conduct which may constitute a conflict of interest. Although it is not possible to specify every action that might create a conflict of interest, the policy sets forth the ones that most frequently present problems. If an employee has any question whether an action or proposed course of conduct would create a conflict of interest he or she contacts the human resources department to obtain advice on the issue. A violation of the policy results in immediate and appropriate discipline, up to and including immediate termination.”

“The confectionery foundation relies on a related organization, nca to determine compensation. Nca hired an outside independent firm to perform a salary review for the president. This review included the use of comparability data of five different surveys. The compensation committee approved the final determination, which was also documented in their committee binder. The president determines compensation of other key employees by using compensation studies. The last salary review took place in may 2017.”

“The organization makes its governing documents, conflict of interest policy and financial statements available upon request.”