Lighthouse Central Florida Inc

“The executive committee shall consist of the chairperson, who shall serve as committee chair, vice chairperson, the secretary, the treasurer and the immediate past chairperson of the corporation, if applicable. The executive committee shall meet at the call of the chairperson at such time or times as it is not practical to conven the full board and shall have the power to conduct any business that the full board of directors could conduct. Provided, however that the executive committee shall not have the power to make changes in policies previously adopted by the board of directors except in cases where the executive committee finds that an emergency situation exists. The executive committee shall keep full records and accounts of its proceedings and transactions. All action by the executive committee shall be reported to the board at its next meeting and shall be subject to control, revision, and alteration by the board, provided that no rights of third persons shall be prejudicially affected thereby. Vacancies in the executive committee shall be filled for the unexpired term by the board.”

“Outside accounting firm presents the draft 990 in a finance meeting, once the draft has been reviewed by the finance committee, it's provided to the full board via email and in the meeting packet in the next bod meeting.”

“All members of our board of directors, regardless of whether they hold an officer position are required to review and renew the conflict of interest policy each year. The conflict of interest requires disclosure of any organization the member has a substantial financial interest, or holds a position as a trustee, director, general manager, or principal officer of an organization that engages in business transactions with the organization, which include contracts, grants, loans, or other transactions. During the annual renewal, the board of directors is required to disclose a description of any business transactions that occurred during the prior year in which the member had a substantial financial interest, or was involved with an organization and held a position as a trustee, director, general manager, or principal officer. If a conflict of interest was identified, the board of directors would be notified and the individual member is not allowed to participate in any votes that pertain to the business transactions that create a conflict.”

“Annually, the board of directors designates a committee to review ceo compensation. The committee reviews comparability data of like organizations in the nation and in the state of florida, they may also request a compensation study be performed for additional data. The board committee will then make a recommendation to the full board of directors for the ceo's annual compensation and the board is required to vote. The process described here was last completed in 2024.”

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