Charlotte Regional Partnership Inc

“The board of directors will be comprised of individuals from both the public and private sectors. Each private sector company or organization investing in the partnership at a level determined periodically by formal resolution of the board of directors shall be entitled to appoint one (1) director, provided, however, that any such private sector investor shall be entitled to appoint one additional director if their investment at least doubles the annual investment amount determined by the board of directors. Each member county, with the exception of mecklenburg, investing up to an annual amount as determined periodically by formal resolution of the board of directors shall be entitled to appoint one (1) director. Mecklenburg county shall be entitled to representation by four (4) directors consisting of the incumbent mayor of charlotte (or his or her representative), the incumbent charlotte city manager (or his or her representative), the incumbent chair of the mecklenburg county commission (or his or her representative), and the incumbent mecklenburg county manager (or his or her representative).”

“See the response to line 6 above.”

“The return was prepared by an independent accounting firm with assistance and oversight by management. The chief financial officer reviews the form 990 and compares it to the information supplied to the accounting firm. The return was then provided to the entire board prior to filing.”

“The organization has had legal counsel review and update the conflict of interest statement distributed to the board members and has ascertained there are no conflicts of interest present. If, in fact, an issue comes to vote during a board meeting which may be considered a conflict to a particular member, the member will either voluntarily refrain from voting or will be asked to refrain from participation in discussions and votes on the matter.”

“The organization uses market data results from various compensation surveys. Raises and bonuses are proposed to the compensation committee of the board of directors, and recommendations proceed to the executive committee for approval and inclusion in the budget, which is approved by the full board of directors. Compensation reviewed by these independent persons covers the top executive official and other officers and key personnel. All decisions are documented in the board minutes.”

“Recent filings of the form 990 are available upon written request at the organization's administrative office. In addition, recent filings of the form 990 are available online at www.guidestar.org”

“Photocopies of the organization's governing documents and conflict of interest policy are available upon written request at the organization's administrative office. Quarterly financials and audited financial statements are distributed to the governing body.”

“Other fees: program service expenses 0. Management and general expenses 29,227. Fundraising expenses 0. Total expenses 29,227.”

“The organization prepares its financial statements on the modified cash basis of accounting. The modified cash basis is a comprehensive basis other than accounting principles generally accepted in the united states of america ("gaap"). The modified cash basis of accounting differs from gaap for the organization primarily due to the organization recognizing income when received and expenses when paid. Gaap requires the recognition of income when earned and expenses when incurred.”

“The process has not changed from the prior year”