Eles Place Inc.

“The board of directors may designate and appoint standing committees which may include board members and non-board members, chaired by a member of the board of directors. Each committee shall have and exercise the authority to make recommendations in the management and policies of the corporation. The board of directors may also designate and appoint local community boards. The community board shall be representative of the community for which the branch serves, and shall be repsonsible for community education, advocacy, networking, and fundraising for the benefit of the constituents served by the branch.”

“The officers of the corporation will be elected annually by the board of directors at its last scheduled meeting of the year. Officers shall serve a term of one calendar year and may be elected to serve subsequent terms. New offices may be created and filled at any meeting of the board of directors. Each officer will hold office until his/her successor will have been duly elected and will have qualified.”

“The president/ceo receives and reviews a draft copy of the form 990 for completeness and accuracy. Upon approval, an electronic copy of the form 990 is presented to the board for their review. If no changes are required, the form 990 is filed with the irs.”

“All board members are required to disclose in writing any conflicts that exist at the time they join the board. Additionally, any conflicts that arise during their service on the board are required to be disclosed as they occur.”

“Process for determining compensation for the ceo: salary range is largely based on the most current michigan nonprofit association wage and benefit survey. Three community boards and management staff formally evaluate performance of ceo annually with written evaluation tools. Ceo meets with governing board chair and immediate past chair each january to review evaluations and progress toward organizational and personal goals set the previous year. Executive committee, lead by governing board chair, determines any change in compensation warranted by evaluation process. Process for determining compensation for other key employee: process for managing directors (md) for all branches is similar to process for ceo. Salary range is largely based on the most current michigan nonprofit association wage and benefit survey. The community board for each branch and staff formally evaluate performance of md annually with written evaluation tools. Md meets with ceo and community board chair each january to review evaluations and progress toward organizational and personal goals set the previous year. Ceo and community board chair determine any change in compensation warranted by evaluation process.”

“Available to the public upon request. The financial statements and form 990 are also filed with the state of michigan's attorney general's office and are public information through the state of michigan.”

“Bank fees: program service expenses 2,908. Management and general expenses 486. Fundraising expenses 186. Total expenses 3,580. Membership dues: program service expenses 2,542. Management and general expenses 431. Fundraising expenses 166. Total expenses 3,139. Library : program service expenses 746. Management and general expenses 88. Fundraising expenses 31. Total expenses 865. Mngc expense: program service expenses 474. Management and general expenses 0. Fundraising expenses 0. Total expenses 474.”

“Oversight committee no change from previous year.”