Nami Illinois Inc

“After preparation by an external accounting firm in consultation by with our administrative team, the draft form 990 is reviewed by the executive director as well as members of the board of directors finance committee, which is chaired by the board treasurer and includes the active participation of the board president. Revisions are made as necessary prior to submitting final document to state.”

“The nami illinois conflict of interest policy describes the obligation of board directors and key staff to disclose relationships or business activities for which conflict of interest can occur. It clearly states that the existence of any of the interest covered by the policy must be disclosed prior to any transaction being consummated. It is the continuing responsibility of board, officers and management employees to monitor their transactions, outside business interests and relationships for potential conflict and to immediately make such disclosures. The board-approved policy & procedures manual is provided to all incoming board directors and key staff, and is periodically reviewed at the committee and full board level, in consultation with external experts and auditors. Updated conflict of interest statements are to be distributed and collected on an annual basis, after new board members are elected annually. In the event a board member must disclose the existence of the interest, the matter should be brought to the board president's and executive director's attention, directly or through any board officer including the treasurer, and executive director's designated team member. If material, the board president or treasurer will bring these matters to the board and provide the board member with an opportunity to disclose all material facts.”

“The compensation of the executive director and other related matters such as annual review process are determined by negotiated contract between the executive director and the designee of the board of directors, usually the board president. Contract terms are presented and discussed in a closed session of the executive committee of the board prior to execution of the proposed agreement. These discussions, copies of agreements, and related documentation are kept securely in the physical or digital files of the organization, and may be viewed by any duly elected member of the board of directors upon request to the board president or executive director. Nami illinois contracts with individuals who serve as key employees. These contracts are negotiated by the executive director in consultation with and nami illinois inc **-***5804 review of the finance committee, which includes the treasurer and board president. Compensation levels are determined by the executive director, who factors in available information regarding wages for similar work in comparable organizations, as well as any unique qualification specific to scope of services defined in each contract. Contracts are typically 12 months in duration tied to the fiscal year, and correspond to line items in the approved agency budget.”

“The organization makes its governing documents, conflicts of interest policy, and financial statements available to the public upon request. Form 990s can be accessed via irs.gov and guidestar.org.”

“CONTRACT SERVICE FEES”