Streams of Dreams Inc

“The organization has an Executive Committee with authority to act on behalf of the governing body. The Committee includes the Board Chair, Vice Chair, and Standing Committee Chairs. The Committee is chaired by the Board Chair. It may act on behalf of the Board of Directors between meetings. In addition, to responsibilities and limitations on its authority outlined in the bylaws, the Executive Committee may not change the bylaws nor appoint/terminate or accept a resignation from the President. The Executive Committee serves the Board by overseeing relationships with other organizations (including any subsidiary or supporting corporations), public affairs, and the Boards annual evaluation of the President and his or her compensation.”

“Form 990 is prepared by an independent CPA firm. It is provided to the Board of Directors after it is reviewed by management. The Board reviews Form 990 and raises any questions to management for resolution. Form 990 is then filed electronically and retained at the principal office of the organization.”

“The organization has a written Conflict of Interest Policy. Annually employees and management are required to submit a disclosure form identifying transactions and relationships which may be a conflict of interest. The Executive Committee reviews the disclosures to determine whether any conflicts exist. Any conflicts raised for review, and whatever action deemed necessary by the Executive Committee is taken. There is a similar process for the Board of Directors to submit a conflict of interest disclosure form annually. The Boards disclosures are reviewed by management. Any issues are taken to the Board for resolution, excluding the Board member for whom the conflict exists, and whatever action deemed necessary by the Board is taken.”

“The Board of Directors mandates the compensation philosophy for the entire organization. The Presidents salary is reviewed on an annual basis. The Executive Committee will formally evaluate the President based on market review, benchmarking, performance, results, budget and financial conditions after seeking documented input from each member of the Board. The Board also determines any compensation adjustments and documents that approval process. Once the data is gathered and analyzed by the Executive Committee, the recommended compensation package for the President is presented to the full Board for approval.”

“The process of determining the compensation grade levels for the Senior Leadership Team is managed by the President and contemporaneously documented. All senior leadership positions are evaluated and matched to market data of both non-profit and for-profit organizations where similar positions exist. The President approves the specific salaries within salary administration guidelines and based upon recommendation of the Compensation Grading Committee. In addition, periodic audits and reviews are conducted utilizing an outside consultant to validate that compensation levels of the Senior Leadership Team are consistent with the organizations compensation philosophy and current market date.”

“Governing documents are available upon request. A member of the public may request to inspect governing documents at the principal office of the organization. The information requested will be provided same day. However, if the request places an unreasonable burden on the organization, copies of the requested information will be provided no later than the next business day. Written request made by fax, mail, email, or overnight service, which includes the requestors address, will be honored within 30 days of receipt.”