Big Brothers Big Sisters of Southwestern Indiana Inc.

“The following significant changes were made to the organizational documents. 1) the board of directors shall consist of not less than nine but not more than 20 persons. 2) upon the dissolution of the organization and after the payment or the provision for the payment of all the liabilities of the organization, the board of directors will dispose of all of the assets of the corporation exclusively for the purposes of the organization or to the organizations that are then qualified as tax-exempt organizations under section 501(c)(3) of the internal revenue code. Any assets not so disposed of will be disposed of by a court of jurisdiction in the county in which the principal office of the organization is located. 3) the bylaws may be adopted, amended or repealed by a majority vote of the board of directors at which a quorum is present, after notice that such action is a purpose of the meeting.”

“A copy of the form 990 is provided to the organization's governing body before it is filed.”

“Each officer, director, key employee as defined by the internal revenue service, if any, shall sign an acknowledgment statement when joining the board for the first time and thereafter annually. By doing so, the officer, director or key employee affirms that such person has received a copy of this policy, has read and understood such, has agreed to comply with the policy, and understands that the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

“The board of directors, either upon hire or in conjunction with its evaluation of the executive director's performance, considers the following: comparability data, executive director's performance, and other facts including rewarding excellence, retaining staff, achieving reasonable comparability with similar positions, budget constraints and the effect of any recommencation on future decisions of the board of directors. The executive committee makes a recommendation to the full board of directors who then considers the recommendation in closed session. All deliberations and decisions are sustained contemporaneously through written minutes.”

“Our governing documents, and conflicts of interest policy are kept in an agency manual at our primary location of 101 plaza east blvd., suite 315, evansville, in and each branch office also has a copy. The financial statements are placed in a binder with the board minutes and updated monthly. All these documents are available for review, upon request.”

“Change in csv of life insurance 2,595.”

“In order to provide the greatest level of protection for funds donated to bbbsov, a finance committee composed of the treasurer and two other members of the board of directors shall review the financial operations of bbbsov. This committee shall report on its review at the annual meeting of the board of directors and shall make this information available to any outside auditing body, should such be utilized.”