The Center for Public Integrity

“The organization's form 990 is reviewed internally by the outsourced accounting firm and cpi officers. After this review,it is referred to the audit and risk committee and chair of the board of directors for their review. The organization's form 990 is also distributed to all board members.”

“Board members and key staff are required to review and sign the conflict of interest policy on an annual basis.”

“Compensation of the organization's executive director is determined and approved by the executive committee of the board of directors. The executive committee takes into account trends in ceo compensation, as well as data of comparable organizations. Compensation for the organization's key employees are based on performance and analysis of comparable data obtained from industry resources, publicly disclosed 990s, and peer organizations.”

“The organization makes its bylaws and articles of incorporation available on its website. The bylaws include the organization's conflict of interest policy.”

“Consulting: program service expenses 682,471. Management and general expenses 98,584. Fundraising expenses 22,113. Total expenses 803,168.”

“The process has not changed from the prior year. Current year loss and continuing operations: the center experienced a significant loss for the year ended december 31, 2016. This loss, compounded with other changes at the organization in 2016 including turn-over in management, resulted in the separation of icij and the modification of the line of credit agreement. To ensure the center's success going forward the center has taken the following steps: - in november 2016 appointed a 12 year center veteran and former deputy executive director to the ceo position. - set forth a cost savings plan to bring expenses in line with projected revenue. - in the fall of 2016 brought in an accounting firm that specializes in nonprofit accounting and management to implement best practices for financial management and hr outsourcing. - instituted measures to reduce on-going costs on both a short and long term basis. - secured a number of new grants from both returning and new grantors. - restructured debt. - eliminated and consolidated space rentals resulting in decreased costs going forward. - prepared a break even budget for 2017. The center continues to work to increase funding through general support grants, increased indirect cost recovery, and a coordinated major giving program led by the center's chief development officer. By taking the steps noted above, the members of the board of directors and management are committed to ensuring that the center puts out top-notch, high-impact journalism for many years.”

“Schedule g, part i, column v: amounts paid to fundraisers were incorrectly included in column vi, but have been correctly moved to column v.”