Board of Certification Inc

“Verbiage change and deletion for the removal of reimbursement for president's time.”

“There are no committees with authority to act on behalf of the governing body.”

“Information reported on the 990 is obtained from the annual financial statements, payroll information and the general ledger. Once the return has been prepared, a draft is approved by the board of directors, chief executive officer and vice president of operations. Once all the reviewing parties have approved the return, the chief executive officer will sign the form 990 and submit it to the irs.”

“Officers, directors, employees and volunteers are required to annually acknowledge a copy of the conflict of interest policy, which requires each person to disclose any relationship, positions or circumstances they believe could contribute a conflict. Following full disclosure of a possible conflict of interest, the board of directors shall determine whether a conflict of interest exists and, if so, the board shall vote to authorize or reject the transaction or take any other action deemed necessary to address the conflict and protect the organization's best interest.”

“The ceo's compensation package consists of an annual salary, with annual cost of living adjustment and a bonus based on completion of annual goals. The ceo compensation committee engages a third-party compensation firm every three years, or as agreed upon by the board and ceo. The firm provides a salary range for the ceo based on the current ceo job description and market and industry analysis. The committee formulates a recommendation for the ceo's compensation, within the given range. The board of directions receives the recommendation, makes a motion, discusses and votes to accept or reject the committee's recommendation. If rejected, the process continues until a motion is approved. All recommendations, motions and votes are recorded in the meeting minutes. Once a salary has been established, the ceo receives the same cost of living adjustment as staff, which is provided by a third-party compensation firm. The ceo establishes annual goals based on the strategic priorities of the organization. Each goal is assigned a dollar amount, that if achieved, will be awarded to the ceo. The ceo compensation committee reviews and recommends to the board the ceo's goals, analysis of completion and monetary award, for discussion and vote. Other officers compensation is determined by the ceo and cso based on market analysis conducted periodically by a third-party.”

“The organization's governing documents, conflict of interest policy, and financial statements are not made available to the public.”

“The board charges staff and the finance committee with obtaining proposals, generally from 3 firms. Staff obtains the proposals and presents them to the finance committee. The finance committee makes a recommendation of one of the firms to the board based on fees, experience and other intangible factors from the proposals. Our policy is to select an auditor every 5-7 years, so unless there is a significant change in relationships, staff will request an engagement letter from the auditors for the finance committee and then full boards approval. This process has not changed from the prior year.”