Akron-Summit Convention & Visitors Bureau Inc

“The process used for reviewing form 990 is as follows: a draft form 990 will be reviewed by the president and the chief financial officer along with the tax preparers. After the form is finalized, a copy of the form will be provided to board of directors.”

“Annually, new statements are requested to be signed at the board meetings.”

“The process for determining compensation of the president/ceo of the organization: the process involves review and approval by personnel committee and board of directors. There is an employment contract agreed to by the board, which specifies the annual percentage increase. Also, the personnel committee created, and annually adjusts, a matrix to determine the potential bonus amount the president can earn. The process for determining compensation for the chief financial officer's compensation: the chief financial officer's pay is determined by the chief executive officer. The process described here was last completed in 2023.”

“Once completed, the annual audit will be available on the state auditor's website. The link is provided on the organization's website. All other documents are available in the organization's offices upon request.”

“Change in value of treasury note 23,048.”

“Akron-summit convention & visitors bureau, inc. Is audited by the ohio auditor of state. The audited financial statements for 2023 were not complete at the time of the form 990 filing but will be completed at a later date.”

“Section 1.263(a)-1(f) de minimis safe harbor election akron-summit convention & visitors bureau, inc. 77 e. Mill street akron, oh 44308 employer identification number: 34-1131390 for the year ending december 31, 2023 akron-summit convention & visitors bureau, inc. Is making the de minimis safe harbor election under reg. Sec. 1.263(a)-1(f).”