Metropolitan Economic Development Association

“The Executive Committee is composed of three or more designated board members. Unless specified by action of the board, the Executive Committee shall have and exercise the authority of the board with respect to the business of the corporation in the intervals between meetings of the board. The Executive Committee shall at all times be subject to the control and direction of the board.”

“A draft copy of the Form 990 is provided to the Finance Audit Committee. The Finance Audit Committee reviews the draft Form 990, addressing any comments or concerns, and then makes a recommendation to the Board of Directors for approval. A copy is provided to the board and upon review and approval of the draft Form 990 by the Board of Directors the form is filed.”

“Conflict of interest statements are issued every year to all directors and employees. These individuals disclose applicable conflicts and sign as to compliance with the policy. The Meda Governance Committee reviews all statements to review any disclosed potential conflicts of interest. The Governance Committee documents any actions undertaken. The person with the conflict of interest is excluded from the discussion and approval of the activity.”

“Meda's Personnel Committee performs an annual review on the CEO. This review involves collecting feedback from the management team and the Board of Directors. The Director of Finance and Administration provides the Personnel Committee with a salary range comprised from comparatives of similar nonprofits. The Personnel Committee recommends a compensation adjustment for approval by the board. Meda uses a similar process for other officers and all employees. Each individual undergoes an annual performance review with their supervisor. Supervisors award merit adjustments from a merit pool identified in the approved operational budget.”

“These documents are made available upon request.”

“PEO Services: Program service expenses 27,392. Management and general expenses 3,593. Fundraising expenses 6,053. Total expenses 37,038. Client Assistance Services: Program service expenses 311,660. Management and general expenses 0. Fundraising expenses 0. Total expenses 311,660. PR/Graphics/Marketing: Program service expenses 2,033. Management and general expenses 0. Fundraising expenses 222,616. Total expenses 224,649. Admin: Program service expenses 54,286. Management and general expenses 22,902. Fundraising expenses 12,044. Total expenses 89,232. Loan: Program service expenses 12,107. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,107. NonOperating: Program service expenses 172,457. Management and general expenses 0. Fundraising expenses 0. Total expenses 172,457. Project: Program service expenses 284,108. Management and general expenses 0. Fundraising expenses 0. Total expenses 284,108. Writing/Comm Admin: Program service expenses 0. Management and general expenses 0. Fundraising expenses 40,430. Total expenses 40,430. Strategy Development: Program service expenses 0. Management and general expenses 0. Fundraising expenses 27,308. Total expenses 27,308.”