Goodwill Industries Inc.

“The Executive Committee shall have the authority to act on behalf of the organization and the board of directors. The Committee concerns itself with the following business areas: Board recruitment and development; human resources and compensation; real estate; bylaws; and compliance. The executive committee consists of the Chair, Past Chair, Vice Chair, Treasurer, and Secretary. In addition, ex-officio members include the President and CEO, Chief Human Resources and Risk Officer, and Director of Executive Services.”

“The completed Form 990 and attachments are reviewed and approved by the Audit Committee of the board before recommending them for approval to the full board. The Board of Directors reviews and approves the Form 990 prior to filing with the IRS.”

“At the start of each board meeting, the Board Chair asks if there are any conflicts of interest related to the agenda. If there are potential conflicts, the person who has a potential conflict is asked to explain the conflict. If it is determined that a conflict exists, that person(s) may be present to discuss the issue, but cannot vote on the issue. Annually board members and senior management are required to complete and sign a possible conflict of interest statement that acknowledges receipt of the Board of Directors policy concerning conflict of interest. The form allows for the description of any possible conflict whether it is a business relationship by the board member or member of senior management or a family member who have a direct or indirect business relationship. Board members and senior management annually are provided a listing of all vendors with annual payments in excess of $10,000 to assist in determination of a possible conflict of interest.”

“The President's compensation is set after a formal review of the organization's past year's performance is completed with the incumbent. The process includes the following steps: 1. Past performance increases are reviewed and verified. 2. The organization's budget plan for merit increases is confirmed. 3. The minimum, maximum, mean & median salary ranges for the position are reviewed in the annual Goodwill Industries, Inc. (GII) salary and compensation survey, the Easter Seals National (ESN) annual salary survey, the Minnesota Council of Non-Profits and the Employers Association surveys. 4. The Minnesota annual non-profit 100 report of total compensation for CEO's is reviewed. 5. The CEO's existing prerequisites are reviewed and compared to those listed for GII and ESN comparable sized affiliates. Changes are considered. 6. The salary increase is determined based on the organizational plan and performance results, while staying within the range of both GII and ESN salary surveys. The compensation process for the executive team is as follows: 1. Performance and division goals and outcomes over the previous fiscal year are reviewed and discussed. 2. A salary increase is determined based on performance, budgeted merit increases and/or a market adjustment.”

“These documents are made available upon request. The GWES webpage has a web link to the latest 990 tax return (pdf format). There is also a summary of financial information in our online annual report and in the link to Charities Review Council. www.smartgivers.org”