Goodwill of Central & Southern Indiana

“The board of directors may, by resolution adopted by a majority of the entire board of directors, from time to time designate two (2) or more members of the board of directors to constitute an executive committee. Except as limited by the resolution creating it or by other resolution of the board of directors, the executive committee shall have and may exercise all the powers of the board of directors in the management of the business and affairs of the corporation in the intervals between meetings of the board of directors.”

“The board of directors reviews a final draft of the form 990 prior to filing and has the opportunity to provide commentary and questions to management.”

“Board members receive, review, and sign the organization's conflict of interest policy annually. If a conflict were to arise the board member will abstain from voting on the matter.”

“Goodwill's executive management team provides strategic direction for and day-to-day management of the operations of goodwill and its related entities, gw commercial services, inc., goodwill education initiatives, inc., and goodwill foundation of central and southern indiana, inc. Two members of the executive team are gei employees. The remainder of the executive team (10 members) are compensated only by goodwill of central and southern indiana, inc., and take no compensation or other financial benefit from any other related entity. Goodwill's management encourages interested readers to read the form 990 tax returns of all four entities in order to obtain complete information about the exempt activities, operations, and interrelationships of the collective central and southern indiana goodwill organizations.”

“Gcsi makes its governing documents, conflicts of interest policy, and financial statements available to the public upon request.”

“Gain/loss on interest rate swap hedge 79,171.”

“Goodwill of central and southern indiana, inc. (gcsi) is related to gw commercial services (gwcs), goodwill education initiatives, inc. (gei), goodwill de puerto rico (gpr) and goodwill foundation of central and southern indiana, inc. (foundation). The consolidated and combined financial statements of gcsi, gwcs, gei and the foundation are audited annually by an independent public accounting firm. The finance and audit committee (committee) of gcsi meets with the auditors annually during the audit planning stage to review the audit plan and any audit concerns. Committee members generally consist of board members from each of the above organizations. The committee then meets with the auditors at the conclusion of the annual audit to review and recommend approval of the audited financial statements. Upon the committee's recommendation, the financial statements are presented to the full gcsi board for final approval. This process has not changed in the past year.”