Community Initiatives Inc

“The corporation has one member, community investment corporation, an illinois not-for-profit corporation.”

“The member has the power and right to elect and remove directors.”

“The member has the exclusive right and power to approve amendments to the articles of incorporation and by-laws of the corporation, and cause a dissolution of the corporation.”

“Selected committee members are provided with a copy of form 990 for review purposes. After the initial review, a copy of the form 990 is made available to the entire board prior to filing with the irs.”

“Conflict of interest statements are reported on an annual basis at board meetings. They are reviewed by the board or the executive committee. Those key personnel with conflicts are advised to recuse themselves from participating in decision making related to a conflict.”

“Compensation for the organization's president and other officers is paid by community investment corporation, a related tax exempt organization. Annually a salary survey is conducted to include compensation of top management officials at similarly sized non-profit organizations in the same geographic locale. This survey was provided to the executive committee of the board every september, this includes the chairman of the board and other board members on the executive committee. These individuals review the performance of the executive director over the past year considering progress towards accomplishment of individual and organizational goals, the financial strength of the organization, and the salary survey provided. These considerations result in new goals for the upcoming year and a decision on compensation which is then communicated to the treasurer for implementation. Because the organization's president and other officers are not paid by the filing organization, part vi, lines 15a and 15b have been answered "no" per form 990 instructions.”

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

“Compensation reported for andre collins has been paid by a related organization and common paymaster, community investment corporation fein 36-2780862. Since all services performed by this individual were for community initiatives, inc., the compensation has been reported in column d as if paid by the organization. Community investment corporation has complied with payroll filing requirements.”