Leadership Kentucky Foundation Inc.

“The form 990 is reviewed by the president and board chair prior to filing. A final copy of the form 990 will be provided to the entire governing body prior to filing.”

“Leadership kentucky foundation annually surveys its executive committee, board of directors, officers and other key persons to determine potential conflicts of interest. A questionnaire is distributed to the constituents as well as a detailed description of what might constitute a conflict of interest with the organization as part of this survey. If a potential conflict of interest exists, the organization will exercise due diligence to determine whether a more advantageous transaction can be obtained from a person who would not have a conflict of interest. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, the interested person is to leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The meeting minutes are to reflect the disclosure and vote abstention. If a more advantageous transaction or arrangement that does not produce a conflict of interest is not reasonably possible, the governing body will determine by majority vote of the disinterested directors whether the transaction or arrangement is in the organization's best interest and whether it is fair and reasonable. If the governing board or committee has reasonable cause to believe a member has failed to disclose an actual or possible conflict of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If after hearing the member's response and making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“The president and all employees are reviewed by their immediate superior with input from others annually. A written format is used for all evaluations measured, in part, by their agreed upon personal and organizational goals. Every 2-3 years, or as new employees are hired, we undertake a review of comparable job descriptions and salaries as well as current trends in annual raise percentages and cost of living.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon written request to be viewed at the organization's office.”

“Elevate kentucky offers young professionals in-depth personal and professional development while fostering a better understanding of challenges facing our commonwealth. Elevate participants return to their companies with increased skills, knowledge, perspective, and a new statewide professional network. Millennial leaders are better prepared to be catalysts in their companies and communities in an effort to elevate kentucky.”

“The organization has a finance committee that is headed up by the treasurer/finance chair. The committee oversees the financial stability of the organization. The financial statements are compiled by a contract company and provided to the organization for review. The committee and the board reviews this information on a monthly basis. This process has not changed from the prior year.”