Mississippi News and Information Corp

“A draft of the form 990 is provided to both the chief executive officer and the board of directors. The draft is reviewed and discussed. Any questions brought up by the board members or the chief executive officer are answered and/or cleared before the return is filed.”

“The conflict of interest policy covers all members of the board. Board member are supplied with a copy of the policy each year and signs an annual statement affirming that they have received a copy of the policy, have read and understand the policy, have complied with the policy and understand that the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax exempt purposes. Board members have a duty to disclose potential or actual conflicts of interest to the executive chair and the remaining board members decide if a potential or actual conflict exists. If applicable, identified conflicts of interest and appropriate recusals are documented in the board minutes.”

“The process for determining compensation for the chief executives includes a review and approval by the compensation committee of the board of directors. Comparability data used in the review process is obtained through review of compensation of positions of comparable organizations. The decisions are documented in committee meeting and/or board meeting minutes.”

“The audited financial statements and tax returns are available on the organization's website (www.mississippitoday.org). The organization's governing documents and conflict of interest policy are available upon request.”

“Contract services: program service expenses 545,346. Management and general expenses 28,879. Fundraising expenses 1,788. Total expenses 576,013.”

“The auditor meets with the board of directors making a full presentation at the completion of the audit answering any questions. The auditor works closely with the board of directors during the year should any concerns arise.”