Association of Women'S Business Centers

“The organization has two classes of membership: 1) member organizations 2) affiliates only member organizations may vote.”

“Election process: elections are made by secret ballot at the annual meeting. Each member organization receives one (1) ballot to elect or appoint one or more members of the governing body.”

“Bylaws may be altered, amended or repealed and changes in bylaws may be adopted (i) by the affirmative vote of two-thirds (2/3) of the members present at the annual meeting or special meeting or (ii) by the affirmative vote of two-thirds (2/3) of the board of directors at the annual, regular or special meeting of the board of directors, provided that if the proposed amendment involves specific modifications, which are reserved exclusively for member approval by the nonprofit act.”

“The form 990 was prepared by outside accountants and reviewed by senior management. A final copy of the return was provided to the full board prior to filing.”

“Annually, the organization obtains the requisite disclosures of conflicts of interest from all board members, officers, committee members, and key employees. Management ensures these individuals fully comply with the policy. If the board of directors or committee has reasonable cause to believe that a director, officer or member of a committee has failed to disclose actual or possible conflicts of interest, it informs the person of the basis for such belief and affords such person an opportunity to explain the alleged failure to disclose. If, after hearing the response of such person, and making such further investigation as may be warranted in the circumstances, the board of directors or committee determines such person has in fact failed to disclose an actual or possible conflict of interest, the board of directors takes appropriate disciplinary and corrective action.”

“The organization contracted with an independent 3rd party consultant with deep skills in this area who published independent data sources to validate a compensation level and structure appropriate for the ceo. The consultant worked with both staff and the board of directors throughout the process. The ceo's compensation review process was discussed and documented. The last compensation review took place in march 2024.”

“The organization's financial statements, governing documents, and conflict of interest policy are available to the public upon request.”

“During 2024, the organization discontinued the incumbent worker training program.”