Hamilton Heights Neighborhood Organization Inc

“No committees exist with authority to act on behalf of the governing body, Board of Directors.”

“The Board of Directors receive a copy of the Form 990 prior to submission to the Internal Revenue Service.”

“The Organization monitors and enforces the written conflict of interest policy by meeting with management at the beginning of each year and reviewing policies at that time and reviewing policies as needed, thereafter. Any conflicts are noted in the minutes of the Board meeting.”

“The Board of Directors review compensation on an annual basis. Paid compensation must be approved by a formal vote of the Board. Prior to Board approval, the full Board of Directors or a committee composed of a subset of the Board will obtain research and information to make a recommendation to the full Board for the compensation as deemed necessary based on a review of comparability data. Those charged with this responsibility will secure data that documents compensation levels and benefits for similarly qualified individuals in comparable positions at similar organizations. This data may include the following salary and benefit compensation studies by independent sources, written job offers, contracts, proposals or agreements, documented telephone calls about similar positions at both nonprofit and for profit organizations and Information obtained from the IRS filings of similar organizations. Similar organizations will generally be identified as non-community development corporations in the St. Louis Metropolitan area that offer social services and affordable housing. The Board must document how it reached its decisions, including the data on which it relied, in minutes of the meeting during which the compensation was approved. Documentation will include A. a description of the compensation and benefits and the date it was approved B. the members of the Board who were present during the discussion about compensation and benefits, and the results of the vote C. a description of the comparability data relied upon and how the data was obtained and D. any actions taken, such as abstaining from discussion and vote, with respect to consideration of the compensation by anyone who is otherwise a member of the Board but who had a conflict of interest with respect to the decision. Independence in setting compensation. The Board, who are volunteers and not compensated by the Organization will operate independently without undue influence.”

“The governing documents, conflict of interest policy, and annual financial statements are available to the general public upon request.”

“Rounding”