Rail Volution

“The 990 is prepared by an independent cpa firm, and reviewed by rail-volution staff. A copy of the return is then given to the board chair and a representative of the national steering committee for their review as necessary.”

“The organization has a comprehensive conflict of interest policy that covers all board of directors, officer and staff. The policy defines what a conflict is, and how each person is to handle or avoid conflicts when possible. When a conflict does arise the policy clearly addresses the procedure necessary. At the beginning of each board meeting, members will be asked verbally whether they have a conflict of interest. Any issues would be noted in the minutes. If during a meeting, a board member has an actual or potential conflict of interest, the board minutes shall reflect that the conflict disclosure was made, the vote taken and, where applicable, the abstention from voting and participation by the individual with the actual or potential conflict of interest. Breaches of this policy are grounds for an appropriate board response.”

“The personnel committee and the board of directors are engaged in the ceo performance review. The annual performance review process is anchored in the ceo contract. The contract identifies criteria for ceo bonuses and the percentage annual salary increase, based upon satisfaction of annual performance measures. Specific performance goals are agreed upon early each calendar year and adopted by the personnel committee as the criteria for the ceo performance appraisal for the year. The personnel committee is responsible for conducting the annual ceo performance review and sharing the results with the entire board of directors. The board decides on any changes in compensation or bonuses. The review process has two key elements: 1) the personnel committee stakeholder interviews, with 8-10 people representing staff, the board of directors, and national steering committee. 2) a ceo self-assessment based upon the established annual performance goals.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.”

“Other professional fees: program service expenses 120,279. Management and general expenses 4,333. Fundraising expenses 0. Total expenses 124,612.”