Greater Twin Cities United Way

“The following board members of greater twin cities united way have a separate professional or business relationship with each other: mary blegen, richard davis, and scott wine - business relationship nancy lindahl and timothy welsh - business relationship kate mortenson, bryan phillips and abigail rose - business relationship gary ellis and renee peterson - business relationship beth ford and andrew turner - business relationship nancy lindahl and john wilgers - business relationship richard davis, douglas hepper, john wilgers, and scott wine - business relationship ron james and jeanne crain - business relationship”

“The audit committee reviews the completed form 990 with management. The governance committee reviews and approves required governance disclosures included in the form 990. The executive compensation committee reviews and approves required disclosures regarding the process followed for determining compensation of the ceo and senior management included in the form 990. Once these reviews have been performed, the completed form 990 is made available to the board prior to its filing.”

“Every year, all board members and staff are required to submit a signed conflict of interest form to the governance committee. The governance committee reviews all submissions, and if necessary, follows up on any possible conflicts. If the conflict is deemed material, a board member would be asked to step down from the board of directors, per our bylaws. In the case of staff, staff are asked to eliminate any conflicts of interest as soon as management is made aware of them.”

“An independent body (executive compensation task force consisting of a majority of the following members: chair of the board, immediate past chair of the board, vice chair of the board, chair of the finance and human capital committee and chair of the governance committee) annually conducts the ceo's performance review aligned with the organization's strategic direction and measures of success. The process includes gathering feedback from each executive committee member (approximately 15 members). Market comparability data is collected from an outside consulting firm and is supplemented by other data collected by internal human resources staff. Market comparability data includes compensation ranges and supplemental benefits established for the ceo and key executives - chief operating officer, sr. Vice president of advancement, sr. Vice president of workplace fundraising, sr. Vice president of marketing and communications, and sr. Vice president of community impact. Market comparability data is provided to the executive compensation task force prior to making recommendations and/or approving pay and benefits decisions. The executive compensation task force determines and recommends to the executive committee of the board of directors approval of the following: -ceo's total compensation and supplemental benefits, and -ceo's performance goals and objectives for the next performance evaluation period. The executive compensation task force reviews and discusses key executives' compensation and benefits based on the ceo's performance evaluation and recommendations for these executives. The recommendations are then reviewed with the executive committee of the board of directors. The chair of the executive compensation task force reports to the board of directors at the subsequent meeting the actions reported and recommendations approved by the executive committee and executive compensation task force. The executive compensation task force documents the basis for making its determination concurrently with making its decision. Compensation for executives includes incentive payments based on performance results against goals and objectives for the prior year. Incentive payments were made in april 2016 and were for 2015 performance results.”

“Greater twin cities united way makes its financial statements available to the public on its website as well as upon request. Governing documents and the conflict of interest policy are available upon request.”

“Change in fair value of beneficial interests in charitable trusts 33,955. Pension related changes other than net periodic pension cost 667,594.”