Community and Economic Development Association of Cook County Inc.

“The bylaws were updated and approved 6/7/24. The update changed the number of required board members.”

“The form 990 is prepared and reviewed by the organization's tax preparers and management. A copy of the form 990 is provided to the full governing body for review prior to filing with the irs.”

“Ceda has a conflict of interest policy statement that is included in the bylaws of the board of directors, the procurement manual, and the accounting policies and procedural manual. Ceda's procedures require attestation by each officer, director and key employee that they have no conflict of interest. This is performed annually, documented and monitored on a regular basis. Should a conflict arise, the board member involved would be prohibited from participating in the governing body's deliberations and decisions in this transaction.”

“The ceo compensation was confirmed by the board of directors and this is documented in the board minutes. A third party firm provided salary information to assist the board with the decision. The ceo establishes the salary of the other officers or key employees of the organization utilizing salary data obtained from an independent compensation consultant.”

“The organization makes the form 990 available by request and also informs the public that it is available on guidestar's website. The organization maintains its own website to inform the public about its organization and programs and other activities. If any information about the governing documents or the conflict of interest policy of the organization is needed then the public is encouraged to obtain it from the organization upon request.”

“Contract services: program service expenses 22,101,924. Management and general expenses 194,259. Fundraising expenses 0. Total expenses 22,296,183.”