Provident Inc.

“Significant changes to governing documents the special operations committee name was changed to executive committee and defined who will be on committee. The executive committee will be responsible for acting on behalf of the board with respect to matters that arise in the ordinary course of business between regular meetings of the board that require immediate action, and that do not commit provident, inc. To significant costs or expenses that are not reflected in a budget approved by or previously submitted to the board. The committee will consist of the chair, vice-chair(s), secretary, treasurer and all committee chairperson's.”

“Form 990 review process prior to filing form 990 with the irs, the return is reviewed in detail by the finance director and the finance committee before being presented to the members of the board for final approval.”

“Compliance with conflict of interest policy officers, directors, and key employees are required to disclose potential conflicts of interest to the board chair annually, including board memberships on, substantial financial interests in, or employment of the officer, director or key employee or a relative of the officer, director or key employee by any organization doing business with the agency. The chair determines whether unacceptable conflicts exist and arranges with the officer, director or key employee to cease any inappropriate activity. Unsettled matters are reported to the board for appropriate action.”

“Process for determining compensation provident, inc. Conducts a salary survey at least every other year and compares its rate of pay with other similar organizations. The board of directors sets the salary for the executive director and monitors and evaluates performance annually. For other officers and key employees, provident performs annual performance reviews which are assigned a numerical average which then dictates the suggested amount of salary adjustment for a given position. Managers then compare the recommended salary adjustment against their expectations and salary survey results from comparable organizations and suggest any salary adjustment. Suggestions for salary adjustment are reviewed by the human resources department and approved by the executive director and director of finance jointly. Aaim performed the last compensation review in june 2016.”

“Process for making documents available to public audited financial statements are available on our website. Governing documents and the conflict of interest policy are available upon written request.”

“Other changes in net assets or fund balance minimum pension liability adjustment -$280,310”