Women in Cable Telecommunications

“Changed one of seven membership classes to founding membership fom charter membership.”

“The seven membership classes are as follows: regular membership- such members are entitled to one vote and may hold office and serve on the national or chapter level board of directors. Executive membership- these members are entitled to one vote and may hold office and serve on the national or chapter level board of directors. Founding membership- such members are entitled to one vote and may hold office and serve on the national or chapter level board of directors. Entry level membership- these members do not have voting rights and may serve in an appointed or elected office. Executive life membership- such members are entitled to one vote and may hold office and serve on the national or chapter level board of directors. Honorary membership- those conferred honorary membership do not receive a vote and cannot serve in an appointed or elected office. Student membership- student members do not have voting rights or the rights to serve in an appointed or elected office.”

“Members of the following classes may use their voting rights to elect nominees for positions in the governing body: -regular members -executive members -executive life members”

“The return is prepared and reviewed by an outside cpa firm. The return is then reviewed by management.”

“Board members must complete a form disclosing conflicts, if any, or submit a statement that no conflicts exist. If a conflict or potential conflict of interest is disclosed, it is up to the executive committee of the board to determine whether a conflict exists. If so, a board member is not permitted to vote on any decisions related to the transaction.”

“The compensation of the president and chief executive officer, and of any other officers or key employees of the organization, shall be determined in accordance with this policy. Key employees covered by this policy shall be designated, from time to time, by the board of directors. Wict uses comparability data to determine salaries for the president and ceo and other key employees. The board of directors is responsible for reviewing such data during the 4th quarter of each year. All compensation arrangements subject to this policy must be approved in advance by an authorized body of the organization that is composed of individuals who do not have a conflict of interest concerning the transaction. Members of the authorized body who may have a conflict of interest shall refrain from participating in the approval of the compensation arrangement and, if they do, shall not be considered as disqualifying the body from considering the arrangement. The authorized body considering compensation arrangements under this policy will be the executive committee, or the board of directors may assume jurisdiction in the review of specific compensation arrangements at the board's discretion. However, the board of directors will be the only authorized body for review of compensation arrangements involving the president and chief executive officer of the organization. At the discretion of the board of directors or the executive committee, the president and chief executive officer may also be delegated the responsibility for reviewing employee compensation arrangements other than those for his/her own compensation, and, in those cases, the term authorized body, as contained herein, shall refer to the president and chief executive officer. Prior to making a determination on compensation arrangements subject to this policy, the authorized body shall obtain and rely on appropriate data as to comparability. Such data will assist the authorized body in determining whether the compensation arrangement is comparable to arrangements made by other for-profit and not-for-profit organizations for individuals in similar positions. The authorized body shall adequately and timely document the basis for its determination on compensation arrangements concurrently with making that determination. The documentation of the authorized body shall include the terms of the transaction and the date of its approval, the members of the authorized body present during the debate and vote on the transaction, the comparability data obtained and relied upon, the actions of any members of the authorized body having a conflict of interest, and documentation of the basis for the determination.”

“The governing documents, conflict of interest policy and financial statements are available upon request.”

“Education partner contracts: program service expenses 1,288,567. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,288,567. Contract services: program service expenses 222,751. Management and general expenses 189,814. Fundraising expenses 570. Total expenses 413,135.”

“The audit oversight process remains unchanged from the prior year.”