Civic Intelligence

Ewing Marion Kauffman School Inc.

990 • Fiscal year 2018 • EIN 27-1982958

Jul 01, 2017 to Jun 30, 2018 • Filed on May 08, 2019

6401 The Paseo BlvdKansas City, MO 64131

(816) 612-8505

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

37th percentile

0.11x

Higher debt load relative to assets than 37% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

13th percentile

0.03x

Higher debt load relative to revenue than 13% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

48th percentile

2.7%

Higher net margin than 48% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

89th percentile

$468,750

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Assets

$4,909,160

No earlier filing loaded for comparison.

Net Assets

$4,384,728

No earlier filing loaded for comparison.

Liabilities

$524,432

No earlier filing loaded for comparison.

Revenue

$15,511,758

No earlier filing loaded for comparison.

Expenses

$15,093,733

No earlier filing loaded for comparison.

Net Income

$418,025

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2018: $4,909,160Liabilities 2018: $524,432Net Assets 2018: $4,384,7282018Assets 2019: $5,803,053Liabilities 2019: $636,601Net Assets 2019: $5,166,4522019Assets 2020: $8,538,829Liabilities 2020: $2,374,251Net Assets 2020: $6,164,5782020Assets 2021: $12,328,924Liabilities 2021: $501,370Net Assets 2021: $11,827,5542021Assets 2022: $15,798,777Liabilities 2022: $1,087,193Net Assets 2022: $14,711,5842022Assets 2023: $16,952,642Liabilities 2023: $1,676,148Net Assets 2023: $15,276,4942023Assets 2024: $19,365,336Liabilities 2024: $1,667,997Net Assets 2024: $17,697,3392024

Highlighted filing

2018

Assets$4,909,160
Liabilities$524,432
Net Assets$4,384,728

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0Revenue 2018: $15,511,758Expenses 2018: $15,093,733Net Income 2018: $418,0252018Revenue 2019: $16,775,719Expenses 2019: $15,993,995Net Income 2019: $781,7242019Revenue 2020: $17,658,540Expenses 2020: $16,660,414Net Income 2020: $998,1262020Revenue 2021: $22,686,630Expenses 2021: $17,023,654Net Income 2021: $5,662,9762021Revenue 2022: $21,422,282Expenses 2022: $18,538,252Net Income 2022: $2,884,0302022Revenue 2023: $21,721,657Expenses 2023: $21,156,747Net Income 2023: $564,9102023Revenue 2024: $24,067,746Expenses 2024: $21,646,873Net Income 2024: $2,420,8732024

Highlighted filing

2018

Revenue$15,511,758
Expenses$15,093,733
Net Income$418,025
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 8, 2019
Return Version
2017v2.3
Gross Receipts
$15,511,758
Mission and Program Overview

Mission

The mission of the kauffman school is to prepare students to excel academically, graduate from college, and apply their unique talents in the world to create economically independent and personally fulfilling lives.

Prepare students to excel academically, graduate from college, and apply their unique talents in the world to create economically independent and personally fullfilling lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,153,702$4,275,161▲ $121,459
Land, Buildings, and Equipment, Net$241,955$299,574▲ $57,619
Prepaid Expenses and Deferred Charges$127,285$173,820▲ $46,535
Pledges and Grants Receivable$129,346$136,882▲ $7,536
Accounts Receivable$50,772$23,723▼ $27,049
Total Assets$4,703,060$4,909,160▲ $206,100
Liabilities
Accounts Payable and Accrued Expenses$736,357$524,432▼ $211,925
Total Liabilities$736,357$524,432▼ $211,925
Net Assets / Fund Balance
Unrestricted Net Assets$3,962,703$4,380,728▲ $418,025
Temporarily Rstr Net Assets$4,000$4,000→ $0
Total Net Assets Fund Balance$3,966,703$4,384,728▲ $418,025
Total Liabilities and Net Assets / Fund Balance$4,703,060$4,909,160▲ $206,100

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$135,226$163,081$298,307
Buildings$111,473$7,018$118,491
Other Land Buildings$52,875$8,644$61,519
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Aaron NorthBoard ChairPT$187,949$27,957$215,906

Board Members and Trustees

NameTitle
Hannah LofthusPresident
Gloria Jackson-leathersBoard Member
Maurice WatsonBoard Member
Mayra AguirreBoard Member
Tracy McferrinBoard Member
John TylerSecretary
Kristin BechardTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
American Food And Vending CorpFood Service1501 W 31ST ST, Kansas City, MO 64108$1,057,000
Apple Bus CompanyTransportation230 E MAIN ST, Cleveland, MO 64734$956,086
Bretton WoodsIt Services8320 NIEMAN ROAD, Lenexa, KS 66214$128,667
City YearInstr. Services287 COLUMBUS AVE, Boston, MA 02116$100,001
Revenue and Support

Revenue Composition

Contributions and Grants
$15,433,338
Program Service Revenue
$55,957
Investment Income
$22,463
Other Revenue
$0
All Other Contributions
$23,842
Change in Net Assets
$418,025

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$373,274Fair Market Value (FMV)
Total Noncash Contributions1$373,274-

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,511,758
Total Revenue per Audited Statements
$15,511,758
Total Revenue per Form 990
$15,511,758
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,709,402
Salaries, Compensation, and Employee Benefits$7,384,331
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,539,718--$5,539,718
Occupancy$2,678,371--$2,678,371
Pension Plan Contributions$622,643--$622,643
Other Employee Benefits$574,785--$574,785
Payroll Taxes$424,229--$424,229
Information Technology$382,523--$382,523
Fees for Services Other-$373,274-$373,274
Other Expenses$175,276$107,362-$282,638
Current Officers, Directors, Trustees, and Key Employees$111,478$111,478-$222,956
Travel$141,127--$141,127
Office Expenses$95,451--$95,451
Depreciation Depletion$84,083--$84,083
Insurance-$73,416-$73,416
Fees for Services Accounting-$23,861-$23,861
Total Functional Expenses$14,283,854$809,879$0$15,093,733

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$15,093,733
Total Expenses per Audited Statements$15,093,733
Total Expenses per Form 990$15,093,733
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Nancy McculloughFormer DirectorHr ServicesNo$75,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI

Line 2 - related party information among officers kristin bechard, aaron north, john tyler, and gloria jackson-leathers have a business relationship in that they are employed by the member, ewing marion kauffman foundation.

Form 990, Page 6, Part VI, Line 6

Ewing marion kauffman foundation is the member of the organization and all directors on the organization board are elected solely by the member.

Form 990, Page 6, Part VI, Line 7A

Ewing marion kauffman foundation is the member of the organization and all directors on the organization board are elected solely by the member.

Form 990, Page 6, Part VI, Line 7B

Ewing marion kauffman foundation is the member of the organization and provides some support and some oversight to the organization

Form 990, Page 6, Part VI, Line 11B

The organization provides a copy of the form 990 to the board chair, secretary, and treasurer for review and comment prior to finalization. All other board members are provided a copy of the final form prior to filing.

Form 990, Page 6, Part VI, Line 12C

Ewing marion kauffman school consistently monitors and enforces compliance with its conflict of interest policy. The review procedures are as follows: 1. On at least an annual basis each director, officer, and key employee is provided with and asked to review the policy and to certify that they have done so. 2. Annually each director, officer, and key employee completes a disclosure form identifying any relationships, positions, or circumstances in which he or she is involved that he or she believes could contribute to a conflict of interest. Such relationships, positions, or circumstances might include service as director of or a consultant to another nonprofit organization, or ownership of a business that might provide goods or services to ewing marion kauffman school, inc. Any such information regarding the business or interests of a director, officer, or key employee, or a family member thereof, is treated as confidential and generally made available only to the chair, the secretary, and any committee appointed to address conflicts of interest, except to the extent additional disclosure is appropriate to implement the policy. 3. The policy is reviewed annually by each member of the board of directors. Any changes to the policy are communicated to all responsible persons. 4. No one with a conflict of interest is allowed to participate in decisions with which they have a conflict. Those who are making the decisions in such situations are made aware of the conflict. Appropriate documentation is maintained.

Form 990, Page 6, Part VI, Line 15A

The board and governance committee review the salary and compensation packages of the ceo and top officials as part of the overall budget review and as part of an annual review of the ceo performance.

Form 990, Page 6, Part VI, Line 15B

The organization periodically contracts an independent third party to conduct analysis of compensation packages for all positions. The board and governance committee also compare these packages to comparable market companies.

Form 990, Page 6, Part VI, Line 19

All documents required by section 1604 for public inspection are available upon request.

Filing and Contact Details

Filer

Filer Name
Ewing Marion Kauffman School Inc
EIN
27-1982958
Phone
8166128505
Address
6401 THE PASEO BLVD, KANSAS CITY, MO 64131

Signing Officer

Name
Kristin Bechard
Title
Treasurer
Phone
8166128505
Signed
2019-05-08

Organization Details

Principal Officer
Hannah Lofthus
Formed
2010
Legal Domicile
Mo
Voting Board Members
6
Independent Board Members
3
Employees
158
Volunteers
37

Preparer

Firm
Westbrook & Co Pc
Address
749 DRISKILL DR, RICHMOND, MO 64085-1608
Preparer
Rita Russell
Phone
8167763584
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

About the ewing marion kauffman school (kauffman school) opened its doors in the fall of 2011. Our first group of one hundred fifth graders was enrolled as our class of 2023, their anticipated year of college graduation. A new fifth grade class of about two hundred students is added each year. The kauffman school currently serves students in grades five through twelve. As a public charter school, the kauffman school is free and open to all students residing within the district boundaries of kansas city, missouri public schools (kcps). The kauffman school cannot and does not selectively admit students based on academic aptitude, race, ethnicity, income level, special education needs, prior school record, or almost any other personal characteristic. The kauffman school admits students until its enrollment threshold is met. If there are more applications than seats, the kauffman school uses a lottery to give every applicant an equal chance of admission. The kauffman school provides a geographical enrollment preference to students living in six very high risk and high need zip codes: 64123, 64124, 64127, 64128, 64130, and 64132. The kauffman school also provides an enrollment preference to siblings of enrolled students and children whose parents/guardians work at the school and also reside within the kcps boundaries. Mission the mission of the kauffman school is to prepare students to excel academically, graduate from college, and apply their unique talents in the world to create economically independent and personally fulfilling lives vision statement the kauffman school is recognized as the premiere public school in the state of missouri and as a national model for the entire public school sector.

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IRS990/Desc0SEE SCHEDULE O ABOUT THE EWING MARION KAUFFMAN SCHOOL (KAUFFMAN SCHOOL) OPENED ITS DOORS IN THE FALL OF 2011. OUR FIRST GROUP OF ONE HUNDRED FIFTH GRADERS WAS ENROLLED AS OUR CLASS OF 2023, THEIR ANTICIPATED YEAR OF COLLEGE GRADUATION. A NEW FIFTH GRADE CLASS OF ABOUT TWO HUNDRED STUDENTS IS ADDED EACH YEAR. THE KAUFFMAN SCHOOL CURRENTLY SERVES STUDENTS IN GRADES FIVE THROUGH TWELVE. AS A PUBLIC CHARTER SCHOOL, THE KAUFFMAN SCHOOL IS FREE AND OPEN TO ALL STUDENTS RESIDING WITHIN THE DISTRICT BOUNDARIES OF KANSAS CITY, MISSOURI PUBLIC SCHOOLS (KCPS). THE KAUFFMAN SCHOOL CANNOT AND DOES NOT SELECTIVELY ADMIT STUDENTS BASED ON ACADEMIC APTITUDE, RACE, ETHNICITY, INCOME LEVEL, SPECIAL EDUCATION NEEDS, PRIOR SCHOOL RECORD, OR ALMOST ANY OTHER PERSONAL CHARACTERISTIC. THE KAUFFMAN SCHOOL ADMITS STUDENTS UNTIL ITS ENROLLMENT THRESHOLD IS MET. IF THERE ARE MORE APPLICATIONS THAN SEATS, THE KAUFFMAN SCHOOL USES A LOTTERY TO GIVE EVERY APPLICANT AN EQUAL CHANCE OF ADMISSION. THE KAUFFMAN SCHOOL PROVIDES A GEOGRAPHICAL ENROLLMENT PREFERENCE TO STUDENTS LIVING IN SIX VERY HIGH RISK AND HIGH NEED ZIP CODES: 64123, 64124, 64127, 64128, 64130, AND 64132. THE KAUFFMAN SCHOOL ALSO PROVIDES AN ENROLLMENT PREFERENCE TO SIBLINGS OF ENROLLED STUDENTS AND CHILDREN WHOSE PARENTS/GUARDIANS WORK AT THE SCHOOL AND ALSO RESIDE WITHIN THE KCPS BOUNDARIES. MISSION THE MISSION OF THE KAUFFMAN SCHOOL IS TO PREPARE STUDENTS TO EXCEL ACADEMICALLY, GRADUATE FROM COLLEGE, AND APPLY THEIR UNIQUE TALENTS IN THE WORLD TO CREATE ECONOMICALLY INDEPENDENT AND PERSONALLY FULFILLING LIVES VISION STATEMENT THE KAUFFMAN SCHOOL IS RECOGNIZED AS THE PREMIERE PUBLIC SCHOOL IN THE STATE OF MISSOURI AND AS A NATIONAL MODEL FOR THE ENTIRE PUBLIC SCHOOL SECTOR.
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0EWING MARION KAUFFMAN SCHOOL HAS A NON DISCRIMINATION POLICY INCLUDED ON THE SCHOOL'S WEBSITE, CONTAINED IN MATERIALS, AND PUBLISHED IN THE KANSAS CITY STAR ON 2/15/2017, AND MOST RECENTLY ON 7/22/2018
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1PART I, QUESTION 6A THE ORGANIZATION RECEIVES FEDERAL AND STATE FUNDING THROUGH THE MISSOURI DEPARTMENT OF ELEMENTARY AND SECONDARY EDUCATION
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE BOARD AND GOVERNANCE COMMITTEE REVIEW THE SALARY AND COMPENSATION PACKAGES OF THE CEO AND TOP OFFICIALS AS PART OF THE OVERALL BUDGET REVIEW AND AS PART OF AN ANNUAL REVIEW OF THE CEO PERFORMANCE. THE BOARD AND GOVERNANCE COMMITTEE ALSO COMPARE THESE PACKAGES TO COMPARABLE MARKET COMPANIES. ADDITIONALLY, THE ORGANIZATION PERIODICALLY CONTRACTS AN INDEPENDENT THIRD PARTY TO CONDUCT ANALYSIS OF COMPENSATION PACKAGES FOR ALL POSITIONS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ABOUT THE EWING MARION KAUFFMAN SCHOOL (KAUFFMAN SCHOOL) OPENED ITS DOORS IN THE FALL OF 2011. OUR FIRST GROUP OF ONE HUNDRED FIFTH GRADERS WAS ENROLLED AS OUR CLASS OF 2023, THEIR ANTICIPATED YEAR OF COLLEGE GRADUATION. A NEW FIFTH GRADE CLASS OF ABOUT TWO HUNDRED STUDENTS IS ADDED EACH YEAR. THE KAUFFMAN SCHOOL CURRENTLY SERVES STUDENTS IN GRADES FIVE THROUGH TWELVE. AS A PUBLIC CHARTER SCHOOL, THE KAUFFMAN SCHOOL IS FREE AND OPEN TO ALL STUDENTS RESIDING WITHIN THE DISTRICT BOUNDARIES OF KANSAS CITY, MISSOURI PUBLIC SCHOOLS (KCPS). THE KAUFFMAN SCHOOL CANNOT AND DOES NOT SELECTIVELY ADMIT STUDENTS BASED ON ACADEMIC APTITUDE, RACE, ETHNICITY, INCOME LEVEL, SPECIAL EDUCATION NEEDS, PRIOR SCHOOL RECORD, OR ALMOST ANY OTHER PERSONAL CHARACTERISTIC. THE KAUFFMAN SCHOOL ADMITS STUDENTS UNTIL ITS ENROLLMENT THRESHOLD IS MET. IF THERE ARE MORE APPLICATIONS THAN SEATS, THE KAUFFMAN SCHOOL USES A LOTTERY TO GIVE EVERY APPLICANT AN EQUAL CHANCE OF ADMISSION. THE KAUFFMAN SCHOOL PROVIDES A GEOGRAPHICAL ENROLLMENT PREFERENCE TO STUDENTS LIVING IN SIX VERY HIGH RISK AND HIGH NEED ZIP CODES: 64123, 64124, 64127, 64128, 64130, AND 64132. THE KAUFFMAN SCHOOL ALSO PROVIDES AN ENROLLMENT PREFERENCE TO SIBLINGS OF ENROLLED STUDENTS AND CHILDREN WHOSE PARENTS/GUARDIANS WORK AT THE SCHOOL AND ALSO RESIDE WITHIN THE KCPS BOUNDARIES. MISSION THE MISSION OF THE KAUFFMAN SCHOOL IS TO PREPARE STUDENTS TO EXCEL ACADEMICALLY, GRADUATE FROM COLLEGE, AND APPLY THEIR UNIQUE TALENTS IN THE WORLD TO CREATE ECONOMICALLY INDEPENDENT AND PERSONALLY FULFILLING LIVES VISION STATEMENT THE KAUFFMAN SCHOOL IS RECOGNIZED AS THE PREMIERE PUBLIC SCHOOL IN THE STATE OF MISSOURI AND AS A NATIONAL MODEL FOR THE ENTIRE PUBLIC SCHOOL SECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LINE 2 - RELATED PARTY INFORMATION AMONG OFFICERS KRISTIN BECHARD, AARON NORTH, JOHN TYLER, AND GLORIA JACKSON-LEATHERS HAVE A BUSINESS RELATIONSHIP IN THAT THEY ARE EMPLOYED BY THE MEMBER, EWING MARION KAUFFMAN FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EWING MARION KAUFFMAN FOUNDATION IS THE MEMBER OF THE ORGANIZATION AND ALL DIRECTORS ON THE ORGANIZATION BOARD ARE ELECTED SOLELY BY THE MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EWING MARION KAUFFMAN FOUNDATION IS THE MEMBER OF THE ORGANIZATION AND ALL DIRECTORS ON THE ORGANIZATION BOARD ARE ELECTED SOLELY BY THE MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EWING MARION KAUFFMAN FOUNDATION IS THE MEMBER OF THE ORGANIZATION AND PROVIDES SOME SUPPORT AND SOME OVERSIGHT TO THE ORGANIZATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION PROVIDES A COPY OF THE FORM 990 TO THE BOARD CHAIR, SECRETARY, AND TREASURER FOR REVIEW AND COMMENT PRIOR TO FINALIZATION. ALL OTHER BOARD MEMBERS ARE PROVIDED A COPY OF THE FINAL FORM PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6EWING MARION KAUFFMAN SCHOOL CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. THE REVIEW PROCEDURES ARE AS FOLLOWS: 1. ON AT LEAST AN ANNUAL BASIS EACH DIRECTOR, OFFICER, AND KEY EMPLOYEE IS PROVIDED WITH AND ASKED TO REVIEW THE POLICY AND TO CERTIFY THAT THEY HAVE DONE SO. 2. ANNUALLY EACH DIRECTOR, OFFICER, AND KEY EMPLOYEE COMPLETES A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES IN WHICH HE OR SHE IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST. SUCH RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES MIGHT INCLUDE SERVICE AS DIRECTOR OF OR A CONSULTANT TO ANOTHER NONPROFIT ORGANIZATION, OR OWNERSHIP OF A BUSINESS THAT MIGHT PROVIDE GOODS OR SERVICES TO EWING MARION KAUFFMAN SCHOOL, INC. ANY SUCH INFORMATION REGARDING THE BUSINESS OR INTERESTS OF A DIRECTOR, OFFICER, OR KEY EMPLOYEE, OR A FAMILY MEMBER THEREOF, IS TREATED AS CONFIDENTIAL AND GENERALLY MADE AVAILABLE ONLY TO THE CHAIR, THE SECRETARY, AND ANY COMMITTEE APPOINTED TO ADDRESS CONFLICTS OF INTEREST, EXCEPT TO THE EXTENT ADDITIONAL DISCLOSURE IS APPROPRIATE TO IMPLEMENT THE POLICY. 3. THE POLICY IS REVIEWED ANNUALLY BY EACH MEMBER OF THE BOARD OF DIRECTORS. ANY CHANGES TO THE POLICY ARE COMMUNICATED TO ALL RESPONSIBLE PERSONS. 4. NO ONE WITH A CONFLICT OF INTEREST IS ALLOWED TO PARTICIPATE IN DECISIONS WITH WHICH THEY HAVE A CONFLICT. THOSE WHO ARE MAKING THE DECISIONS IN SUCH SITUATIONS ARE MADE AWARE OF THE CONFLICT. APPROPRIATE DOCUMENTATION IS MAINTAINED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE BOARD AND GOVERNANCE COMMITTEE REVIEW THE SALARY AND COMPENSATION PACKAGES OF THE CEO AND TOP OFFICIALS AS PART OF THE OVERALL BUDGET REVIEW AND AS PART OF AN ANNUAL REVIEW OF THE CEO PERFORMANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE ORGANIZATION PERIODICALLY CONTRACTS AN INDEPENDENT THIRD PARTY TO CONDUCT ANALYSIS OF COMPENSATION PACKAGES FOR ALL POSITIONS. THE BOARD AND GOVERNANCE COMMITTEE ALSO COMPARE THESE PACKAGES TO COMPARABLE MARKET COMPANIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9ALL DOCUMENTS REQUIRED BY SECTION 1604 FOR PUBLIC INSPECTION ARE AVAILABLE UPON REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PAGE 6, PART VI, LINE 19
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