Growth Organization of Topekashawnee Co

“The greater topeka partnership became the sole member of the organization, effective january 1, 2018. The organization has entered into an agreement with the greater topeka partnership. On a monthly basis, the greater topeka partnership pays for certain operational expenses and requests reimbursement from the organization. These operation expenses consist of the organization's dedicated employees' salaries and benefits, shared services employees' salaries and benefits, office rent, parking rent, payment for company credit cards, fixed asset purchases, accounting support, marketing, and any other expense in which it is deemed appropriate to be allocated across all of the subsidiaries of the greater topeka partnership. The allocation was determined by completing an annual employee time allocation study.”

“The directors of the group constitute its members. The members approve significant decisions of the organization.”

“The go topeka board of directors appoints a nominating committee which develops board nominations from its member investors and submits them to the board of directors for consideration.”

“Form 990 was reviewed by the entire board of directors prior to filing. The 990 was prepared by an outside cpa firm.”

“During orientation the officer/director is required to review & sign an agreement which requires notification of conflicts. The conflict of interest policy is required to be signed annually. Board members are also required to notify of any conflicts as they occur if after the conflict of interest policy is signed.”

“The financial statements, governing documents & conflict of interest policy are not available to the general public, the 990 is available upon request only.”

“The incentive payments are performance based payments made to various businesses in exchange for providing jobs and/or economic development to the topeka/shawnee county area.”

“Transfer of private assets -1,525,123.”

“Asset transfers were made by the initial partners of the greater topeka partnership upon organization. The initial partners of the greater topeka partnership are: downtown topeka, inc., the greater topeka chamber of commerce, growth organization of topeka/shawnee co., visit topeka and the greater topeka partnership foundation. Transferred assets were derived from private funds only.”