Boardsource

“No committees have the authority to act on behalf of the board.”

“The draft 990 is reviewed by the entire board of directors before it is signed and filed.”

“The audit committee reviews these statements annually and reports to the full board of directors. If a conflict is disclosed, the committee refers the matter to the board of directors for any required board action.”

“Prior to determining a compensation increase for the president & ceo, a compensation analysis is completed. In 2020, this analysis was compiled by an external hr firm, nonprofit hr, using comparable salary data from three salary surveys. Additionally, comparable organization salary and benefit information is compiled from the federal form 990 of similar organizations to use as a reference. The compensation analysis is provided to the vice chair, who chairs the compensation and evaluation committee, as well as the compensation and evaluation committee. They provide any recommendations to the full board on a salary increase for the president & ceo. This is typically completed during the executive session of a board meeting or through confidential email. Any increase in compensation for this position requires approval of the board. In 2020, there was no increase to executive compensation. Any increases in compensation for officers & key employees requires approval of the board. Although ms. Payne is treated as an officer for purposes of the 990 as the top financial official, she is not a legal officer of the corporation and therefore her compensation is not subject to board approval, but is reviewed and approved by the ceo in a manner that is consistend with the rest of the staff. The last time that boardsource had employees other than the ceo who were classified as officers or key employees and who received a compensation adjustment was in 2012.”

“Past 5 years audits are available on our website. The conflict of interest policy and governing documents are available upon request.”

“The consulting practice has transitioned to an all-referral based program which resulted in a significant contraction of consulting revenue and expenses.”

“Fees for other services: program service expenses 254,876. Management and general expenses 43,366. Fundraising expenses 4,010. Total expenses 302,252. Consulting subcontractors: program service expenses 176,092. Management and general expenses 0. Fundraising expenses 0. Total expenses 176,092. Credit card processing fees: program service expenses 58,083. Management and general expenses 3,817. Fundraising expenses 533. Total expenses 62,433. Consultants: program service expenses 307,097. Management and general expenses 0. Fundraising expenses 0. Total expenses 307,097.”