Chicago Lights

“The sole member of the corporation is fourth presbyterian church of chicago, illinois, a not-for-profit corporation.”

“Directors of the corporation shall be appointed annually to fill vacancies on the board of directors by the board of directors from a slate of candidates provided by the nominating committee of fourth presbyterian church for those directors who are members of the church and by the corporation's board from a slate provided by the corporation's nominating committee. The board shall appoint a director to serve on the nominating committee of the church and shall provide the nominating committee with criteria, qualifications, and expected responsibilities of directors to be elected.”

“The treasurer, executive director, director of business administration, and controller perform a detailed review of the form 990 prior to filing. A final draft is circulated to each board member for any final revisions prior to filing.”

“Board members are required to sign the conflict of interest policy, disclosing any interests that could give rise to conflicts, on an annual basis. The conflict of interest policy is monitored periodically through the year by the ceo and certain board members. If a conflict exists, the conflicted board member(s) may not vote on decisions involving their interests.”

“The executive committee of the board of directors monitors the performance and recommends changes to the compensation of the executive director. In 2016, the committee engaged consultants to analyze the existing compensation and compare it to the similar non-for-profit executive job market. Subsequently, the committee established a process of reviewing the comparative employment market data and the performance of the executive director. The committee communicates during the meetings as well as through the use of emails to determine if current compensation is commensurate with the market. If appropriate, compensation changes are presented to the board of directors for approval. In addition a compensation study was done in 2021 where an independent consultant was utilized to asses market rates and develop a grid. As a result, some staff salaries were adjusted.”

“Chicago lights makes its governing documents, policies, and financial statements available to the public upon request for the same period of disclosure as set forth in irc section 6104(d).”

“Compensation reported for stacy jackson has been paid by a related organization and common paymaster, fourth presbyterian church of chicago, fein 36-2167080. Since all services performed by this individual were for chicago lights, the compensation has been reported in column d as if paid by the organization. Fourth presbyterian church has complied with payroll filing requirements.”