Kansas City Area Development Council

“The organization is comprised of members, not stockholders.”

“The members are responsible for electing the board of directors.”

“The members are responsible for voting on changes to the bylaws.”

“Kcadc will present the completed form 990 to the executive committee of the board of directors before filing the form. The executive committee will review and approve the form 990 and will advise the board of their review and approval at the next board meeting.”

“The conflict of interest policy is discussed with all board members at the beginning of each new board year.”

“Kcadc's independent compensation committee meets as needed to determine the ceo's total compensation package and the salaries of other officers and key employees. They use a variety of means to come up with a competitive wage, i.e. Engaging a compensation consulting firm, surveying other like organizations around the country, etc. All decisions of the compensation committee are recorded in the minutes.”

“Kcadc staff is instructed to give access to our 990 forms to any member of the general public on the day they are requested. They are reminded that this is a federal law and are told to comply. Kcadc charges a fee for any copies requested--$1.00 for the first page and $.15 for each additional page. If this information is requested in writing or by telephone, we have 30 days in which to comply.”

“The organization used the modified cash basis of accounting to prepare the form 990.”

“The process for oversight and selection of an independent accountant for the annual audit has not changed.”