Women'S Center for Advancement

“The executive committee shall have and may exercise all of the authority of the board of directors except to the extent, if any, that such authority shall be limited by any resolution of the board and directors and except also that the executive committee shall not have the authority of the board of directors in reference to amending the articles of incorporation, adopting a plan of merger, consolidation, or exchange recommending the sale, lease or other disposition of all or substantially all of the property and assets of the corporation otherwise than in the usual and regular course of its business, recommending a voluntary dissolution of the corporation or a revocation therof, or amending the bylaws of the corporation.”

“The organization's vp of finance does a preliminary review of the form 990 and then it is sent to all board members for a final review before the 990 is filed.”

“The policy is monitored by an executive staff member. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors considering the proposed transaction or arrangement. A transaction with which a director has a conflict of interest may be approved 1) in advance by the vote of the board of directors or 2) before or after it is consummated by obtaining the approval of the attorney general or the district court in an action in which the attorney general is joined as a party. The minutes of the board of directors shall contain a record of interested person disclosures, investigations, votes, and discussions, and other information reasonably necessary to verify compliance with this policy.”

“The governing body periodically reviews the ceo compensation and provides an evaluation of the specific individual for purposes of determining appropriate compensation. The governing body will also, at their discretion, review an independent analysis of market data to appropriately set the ceo compensation.”

“The organization makes their governing documents, conflicts-of-interest policy, and financial statements available through public review upon request at the organization's main business office during normal business hours. Requests for copies of public documents are fulfilled per individual request.”

“At the time that the 2023 form 990 was filed, the audit of the december 31, 2023 financial statements was not completed. The changes in the financial statements from the completed audit are reflected in the prior period adjustment and are primarily related to the recording of a beneficial interest in a trust.”

“Change in value of beneficial interest in trust 50,022.”

“The finance committee of wca is designated with having the responsibility for selecting the independent accounting firm. The finance committee consists of members of the board of directors and a couple at large members. Accounting firms submit written proposals for the committee to review. After meeting to evaluate the proposals and ask questions, the committee votes on the selection of the accounting firm. This process has not changed from the prior year.”