Ventureprise Inc

“The form 990 is forwarded to the designated officer to distribute to each board member of the governing body of the organization prior to filing.”

“Ventureprise, inc. Maintains a written conflict of interest policy. The center has a written form that all directors sign. The center does not match board members for mentoring with companies if there is a conflict.”

“Ventureprise, inc. Does not compensate any employees; however, compensation of the president is determined by compensation of unc charlotte. Their policy is as follows: compensation for all positions is determined by uncc compensation and position management office. They provide consultative advice for, and analysis of, position classification, salary administration and performance management actions and/or projects. In this regard, office staff collaborates with division heads and departmental directors or supervisors regarding appropriate position classifications and salary determinations based upon distribution of labor and relevant job factors the compensation and position management unit is committed to the university's goal to recruit and retain highly qualified employees; reward employees based on their demonstrated knowledge, skills, and abilities; and support the achievement of organizational goals. Under our current career banding pay plan, market rates have been established based on comparable positions in the outside market. The purpose of these market reference rates is to allow the state to be more competitive so that we may attract and retain outstanding talent. These rates have been established at the state level at the office of state human resouces and will be reviewed minimally every three years to remain competitive with the outside market.”

“Financial statements and governing documents are available upon request for the same period of disclosure as set forth in section 6104(d).”

“The organization, in a full transparency posture to reporting, is reporting all benefits in full in column f, part vii and is not applying the $10,000 per item exception for certain benefits.”

“Ventureprise, inc has no employees and does not file w-2s. Paul wetenhall, president, is issued a w-2 by the university of north carolina at charlotte who pays his compensation. Ventureprise, inc reimburses the university for 25% of his compensation.”

“Other fees for services: program service expenses 16,905. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,905. Consulting: program service expenses 25,349. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,349.”

“The audit committee's process of audit evaluation has not changed since prior year.”