The CIVIC Federation

“The Board of Directors appoint an Executive Committee consisting of the Federation's officers, members of the Past Chairman's Council, and up to twenty members of said Board, to keep in touch with the detailed work of the Corporation and to supervise and direct same, subject to the general direction and control of the Board of Directors. Subject to such specific directions and such general rules as may be adopted by the Board of Directors, the Executive Committee shall have the power to fix the compensation of all officers of the Corporation other than Directors; to authorize the employment of staff members and fix their compensation; and to authorize such other expenditures by the Corporation as it shall deem necessary for the proper conduct of the work thereof.”

“The board retains the services of an independent CPA firm to prepare the organization's Form 990. Management reviews the completed Form 990 and provides a full copy to all voting members of the governing body prior to filing. A meeting or conference call is scheduled for the CPA firm and organization management to discuss Form 990 with the audit committee and to answer any questions prior to filing Form 990 with the IRS.”

“Officers, directors, and key employees are annually required to complete a conflict of interest disclosure statement as a precursor to their service to the organization. Potential conflicts are logged with and monitored by the Membership Manager and discussed with the President.”

“The president's compensation is reviewed by the Chairman and the Past Chairman's Council and approved by the Executive Committee. The approval process takes into account salary information from Form 990's of other organizations. The compensation of other officers is determined in consultation between the president and chairman. It includes a review of salaries from the form 990's of similar organizations. ON JULY 19, 2011 THE CIVIC FEDERATION'S EXECUTIVE COMMITTEE APPROVED A FORMAL WRITTEN EXECUTIVE COMPENSATION POLICY EXPLAINING THE PROCESS BY WHICH OFFICER'S COMPENSATION IS DETERMINED.”

“Governing documents and financial statements are available through applicable governmental agencies; the conflict of interest policy is available upon written request to the organization.”