Goodwill Retail Services

“Form 990, part vi, section b, line 11b: after the form 990 is prepared by independent tax professionals and reviewed by the goodwill industries of southern california accounting staff, cfo, chief legal officer, and the president/ceo, it is presented to the audit & compliance committee of goodwill industries of southern california for review. Once reviewed, it is sent via either e-mail or regular mail to the board of directors. Comments from the directors are reviewed and addressed, and if necessary the return is re-circulated to the directors. When the directors have no material comments, the return is filed.”

“Form 990, part vi, section b, line 12c: directors and key employees who are affiliated with goodwill industries of southern california ("gsc") and goodwill retail services ("grs") are responsible for complying with the conflict of interest policy for gsc. Each director, officer, key employee, and selected employees signs a certificate of compliance that he/she has read and agrees to abide by the guidelines for dealing with potential conflicts of interest upon joining the organization and again in january of each year. The board of directors or executive commitee of gsc (or senior management for transactions that are conflicted with respect to staff) will review, ratify, and approve each potential or existing conflicted transaction on an as-needed basis to ensure that the transaction is conducted at fair market value. Transactions of up to $5,000 can be dealt with by the president/ceo unless he/she wishes to approve the transaction with the board of directors or executive commitee. The policy is enforced through the education and regular meeting of the board of directors in consort with the president/ceo, cfo, coo, and chief legal officer who have oversight to approve and review all fiscal transactions.”

“FORM 990, PART VI, SECTION B, LINES 15a AND 15b: THE SUPPORTED ORGANIZATION, GOODWILL INDUSTRIES OF SOUTHERN CALIFORNIA ("GSC"), IS RESPONSIBLE FOR THE COMPENSATION REVIEW PROCESS FOR GOODWILL RETAIL SERVICES ("GRS"). FOR THE PRESIDENT/CEO, CFO, AND SELECTED KEY EMPLOYEES, THE EXECUTIVE COMPENSATION COMMITTEE ENGAGES THE SERVICES OF AN INDEPENDENT COMPENSATION CONSULTANT. THE CONSULTANT AND THE COMMITTEE USE INFORMATION FROM SALARY SURVEYS, FORM 990 INFORMATION RETURNS FOR SIMILARLY SIZED CHARITIES IN THE AREA, AND INFORMATION FROM OTHER SIMILARLY SIZED GOODWILL MEMBER AGENCIES ACROSS THE COUNTRY TO EVALUATE THE COMPENSATION PACKAGE. THE INFORMATION AND THE COMMITTEE'S RECOMMENDATION ARE BROUGHT BEFORE THE BOARD OF DIRECTORS OF GSC IN A CLOSED SESSION ON AN ANNUAL BASIS FOR REVIEW AND APPROVAL. THE BOARD OF DIRECTORS OF GSC HAS RESPONSIBILITY TO APPROVE THE COMPENSATION PACKAGE FOR THE PRESIDENT/CEO AND CFO AND SELECTED KEY EMPLOYEES.”

“Form 990, part vi, section c, line 19: financial statements and the irs form 990 are available by request. Governing documents and conflict of interest policies are available upon request.”