Goodwill Industries of the Chesapeake Inc

“The form 990 is first reviewed by the cfo and ceo. After this review it is sent to the audit committee of the board for review and approval. The entire board of directors receives a copy prior to filing with the irs.”

“The policy is reviewed annually by the officers, directors and key employees of the organization. Annually, each member of the board of directors and all key employees are required to sign a disclosure statement disclosing any family and/or business relationships with other officers, directors or key employees of the organization. They also agree to promptly and fully disclose any potential future conflict of interest to the chairman of the board of directors. Officers and/or directors are required to abstain from any formal vote that would potentially create a conflict of interest.”

“The board of directors of goodwill industries of the chesapeake, inc. Believe that the compensation of those employees whose duties and responsibilities cause them to have substantial influence over executive-level decisions should be guided by the following principles: comply with all applicable laws and regulations administer compensation in a manner consistent with the achievement of the mission. To accomplish this, the board annually approves organization-wide objectives, measures, and goals. The compensation committee approves the individual objectives, measures, and goals for the ceo. Assure the judicious expenditure of funds entrusted to the organization. Provide compensation for positions on the basis of their relative internal worth, reflecting the impact of each position on the achievement of the mission and the performance of the executive in the position. Maintain competitive compensation levels relative to appropriate comparative markets by annually adjusting base pay structures to reflect market competitiveness. Goodwill positions are compared to similar positions found in relevant not-for-profit and for-profit organizations, with relevance being defined as organizations from which goodwill attracts talent and to whom talent might be lost. In order to assure this is the case, a full study is conducted by nonprofithr three years. The compensation committee consisting of the current chair, the vice-chair and the immediate past chair approves the annual salaries and bonuses of the president/ceo and the executive staff. Such compensation is subsequently reported to the board. Any changes to the contract of the president/ceo requires approval of the executive committee.”

“The governing documents, conflict of interest policy and financial statements are available to the public for review during normal business hours monday through friday from 8:00am to 4:30pm at corporate headquarters for the same period of disclosure as set forth in section 6104(d).”

“The number of employees in line 2a includes all employees of goodwill industries of the chesapeake during 2024 as well as 788 employees who receive their form w-2 from related organization, goodwill works of the chesapeake. The salary and benefits expenses of those works employees are included in part ix, lines 5 through 10.”