Iwlc

“The board of directors, by resolution adopted by a majority of the directors in office, may designate and appoint one or more committees, each of which shall consist of two or more directors, which committees, to the extent provided in the resolution, shall have and exercise the authority of the board of directors in the management of the corporation; provided, however, that no such committee shall have the authority of the board of directors to elect, appoint, or remove directors or fill vacancies on the board or any of its committees; or adopt, amend, or repeal the articles or bylaws. Such committees shall include the executive committee and the conference committee. The appointment of any such committee and the delegation of authority shall not operate to relieve the board of directors of any responsibility imposed upon it by law. Each committee shall fix its own rules governing the conduct of its activities as the board of directors may request.”

“The form 990 is prepared by an independent accounting firm. After the return is prepared, a full and complete draft is provided to management and the audit committee for detailed review and approval. Once approved the full and complete draft is provided to the entire board prior to filing with the irs.”

“To ensure the organization operates in a manner consistent with its charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. In addition, each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: has received a copy of the conflicts of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities that accomplish one or more of its tax-exempt purposes. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. The parties involved, the process, and the final determination is documented in the minutes.”

“The board of directors determines the ceo's and coo's compensation. The process includes comparability data and contemporaneous substantiation of the deliberation and decision making process. Iwlc has two board members with extensive human resource and non-profit board experience and are heavily involved in decisions around ceo and coo compensation decision. This process was last completed in 2013.”

“Iwlc makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“First new program: iwlc undertook a new event and grant program in order to advance its charitable purpose. The event is called "invest in she and serves two primary functions. 1. Bring awareness to the iowa communities in which the event takes place of women entrepreneurs 2. Provide women entrepreneurs with an opportunity to refine their presentation skills, improve business acumen and showcase their business; receiving real time from established entrepreneurs/coaches and receive grant funding to improve their businesses. Grant applicants are required to have 51% or more ownership by women. The advancement of women's leadership through education is a pillar of iwlc's exempt purpose. There are many ways in which women can show leadership. In this regard, ownership is tantamount to leadership. By promoting and assisting businesses whose majority ownership belongs to women, iwlc is providing a direct impact to the accomplishment of its exempt purpose, notwithstanding the incidental private benefit to the entrepreneurs on whose behalf grant payments are made. In addition, the invest in she event itself does more than provide financial assistance and advice to women's businesses; it also provides a public forum for members of the community to see women leaders in action. The presentation and dialogue between entrepreneurs and investors provides guidance to anyone participating in or attending the event of women in leadership positions. Second new program: the gender intelligence workshop is focused on the key differences between men and women, the science and research behind it and how they are manifested. Using this information as a baseline, participants learn about tools that they can use to be more effective communicating and working together. The skills learned here are will help both men and women to work together and more effectively lead their organizations.”