Executives Partnering to Invest

“In dec. 2024, the bod approved amendments to the bylaws to: 1) remove specific membership level references (section 3.1) deferring to a framework document; 2) update language regarding founding members' board seats (section 4.3); and 3) increase the maximum number of board seats from 20 to 25 (section 4.2). The board also approved a new membership framework.”

“A copy of the form 990 is provided to board members prior to filing. The form 990 was reviewed by the board at the october 2024 board meeting.”

“1. Each director, principal officer and member of a committee with board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflict of interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Understands epic in order to maintain its federal tax exemption must engage primarily in activities which accomplish one or more of its tax-exempt purposes. 2. Each voting member of the board shall annually sign a statement which declares whether such person is an independent director. 3. If at any time during the year, the information in the annual statement changes materially, the director shall disclose such changes and revise the annual disclosure form. 4. The board of directors shall regularly and consistently monitor and enforce compliance with this policy by reviewing annual statements. 5. To ensure epic does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: a. Whether compensation arrangements and benefits are reasonable, based on competent survey information (if reasonably available), and the result of arm's length bargaining. B. Whether partnerships, joint ventures, and arrangements with management organizations, if any, conform to epic's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement or impermissible private benefit or in an excess benefit transaction.”

“The executive committee, excluding the president & ceo, serves as the compensation committee. On an annual basis, the executive committee conducts a performance evaluation of the president & ceo. As part of the evaluation, they review compensation surveys and the compensation of executive leaders of other nonprofits of a comparable size to determine the president & ceo's compensation. The executive committee makes a recommendation to the board and is approved by a vote of the board. The decision is documented in a letter delivered to the president & ceo written by the head of the executive committee.”

“The organization makes its governing documents and financial statements available to the public upon request.”

“OTHER PROFESSIONAL FEES - Total Expense: 1276726, Program Service Expense: 1122483, Management and General Expenses: 154243, Fundraising Expenses: ;”

“The Finance Committee oversees the selection of the auditor and performance of the audit.”