Goodwill Retail Services

“Documentation of meetings held by committees of governing body there are no committees that have the authority to act on behalf of the governing body.”

“Review of form 990 by governing body after the form 990 is prepared by independent tax professionals and reviewed by the goodwill industries of southern california accounting staff and cfo, it is presented to the ceo, coo and the audit & compliance commitiee 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.”

“Conflict of interest policy 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 commitiee 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.”

“Process for determining compensation 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 coo the executive compensation committee engages the services of an independent compensation consultant. Periodically 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. Due to 2020-2021 u.s. Economic wage upheaval, the committee referred to prior survey information. The executive compensation committee's recommendation are brought before the board of directors in a closed session on an annual basis for review and approval. The board of directors has responsibility to approve the compensation package for the president/ceo cfo and coo. This process took place in 2021.”

“Required documents available to public financial statements, governing documents and conflict of interest policy are available upon request.”