United Methodist Cooperative Ministries Suncoast Inc

“The form 990 is prepared by the organization's public accounting firm based on data supplied by the organization. Once a review is performed by management of the organization, the form 990 is presented to the board of directors for their final review and approval”

“A director or officer of the corporation will not be disqualified from dealing, either as vendor, purchaser or otherwise, or contracting or entering into any other transaction with the corporation. No transaction of the corporation will be voidable by reason of the fact that any director or officer of the corporation has an interest in the concern with which such transaction is entered into, provided: A. The interest of such officer or director is fully disclosed to the board of directors. B. Such transaction is duly approved by the board of directors not so interested or connected as being in the best interests of the organization. C. Payments to the interested officer or director are reasonable and do not exceed fair market value. D. No interested officer or director may vote or lobby on the matter or be counted in determining the existence of a quorum at the meeting at which such transaction may be authorized. E. The minutes of meetings at which such votes are taken will record such disclosure, abstention, and rationale for approval. Each director will annually sign a statement that affirms that such director has received a copy of the board's conflict of interest policy, has read and understands the policy, and has agreed to comply with the policy.”

“Periodically, industry salary norms are reviewed and an independent human resources group is consulted on positions in the organization and provides the organization with comparable compensation amounts throughout the state and non-profit industry. This is used to adjust compensation amounts to stay within industry standards for each position. The top management official of learning empowered is the executive director. The executive director's performance is reviewed annually by the board. Based on that review, a compensation amount is determined by the review committee and proposed to the full board by the chair. If this amount is approved, it is included in the next budget cycle of the organization and approved again as part of the full budget. If the amount is not supported by the budgeting process, a lower amount will be proposed by the chair and approved by the board. All deliberations regarding compensation are documented in the meeting minutes.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”