Electronic Registration Information Center Inc.

“All members of the Organization have a right but not the obligation to appoint a representative to the Board of Directors. This means a member may choose not to put a representative on the Board, and, as such, the size of the Board may or may not equal the size of the membership. Accordingly, the organization has a two-tiered governance model, meaning that some decisions are allocated to members and others to the Board of Directors. For example, the members and not the Board have the power to approve the dues schedule, and amend the bylaws, membership agreement, and certificate of incorporation.”

“The Form 990 was reviewed by the Board of Directors, the Executive Director, an outside accountant, and counsel.”

“Annually, Directors are required to complete a conflict-of-interest disclosure form. In accordance with ERICs conflict of interest policy, the Board, any committee thereof, and the Executive Director review disclosures of covered transactions, review covered transactions to determine if they meet the standard for approval, maintain documentation as may be necessary and appropriate to document the review of Form 990, Part VI, covered transactions, and, in the case of a committee or the Executive Director, report to the Board on any covered transaction approved. in accordance with the conflict-of-interest policy.”

“To determine the Executive Directors compensation, the Executive Committee of the Board conducts a performance review of the Executive Director and, in consultation with the Finance Committee, reviews comparability data and information from similar organizations from IRS Form 990s and a comprehensive non-profit compensation report. This decision is documented contemporaneously in writing. The full Board is apprised of the Executive Committees review and determination and votes on the Organizations annual budget, including the Executive Directors compensation. The Executive Director, who is an ex officio, non-voting member of the Executive Committee and the Board recuses himself from all discussions relating to his compensation.”

“The Organization does not have any other compensated officers or key employees. The Executive Director conducts an annual performance review of other employees and makes a compensation determination. This determination is presented to the full Board as part of its annual review and approval of Organizations budget.”

“The organizations governing documents (bylaws and membership agreement) are available on its website. Other governing documents, including the conflict-of-interest policy, financial statements, and Form 1023 are available upon request.”

“To adjust beginning net assets to match balance on the 2018 Form 990.”