Macdonald Training Center

“The sole member of the organization is macdonald training center holding co. (ein: 59-3010536), a florida corporation exempt from income tax under irc section 501(c)(3).”

“The sole member of the organization has the power to elect the members of the organization's board of directors.”

“A representative from the cpa firm that prepares form 990 presents and reviews the form with the board of directors. Upon approval by the board, the cpa firm submits the electronic return to the irs.”

“Board members sign the organization's conflict of interest declaration and are required to identify possible or potential conflicts of interest. These declarations/disclosures are valid for one full board term for each board member. The secretary of the board is accountable for enforcing and documenting any conflicts of interest and is the delegated authority to monitor and enforce the conflict of interest policy.”

“The compensation of the president & ceo is set by macdonald training center, inc., a related non-profit organization; therefore, this question is answered "no" in accordance with the form instructions. The process macdonald training center, inc. Uses to set compensation is described below. The president & ceo's compensation is reviewed and approved by the executive committee of the board using comparable data from similar organizations, in size and function, from the surrounding geographic area. This compensation data is provided to the executive committee of the board by hr. Compensation for the cfo position is reviewed and approved by the president & ceo using comparable data and compensation studies. This compensation data is provided to the president & ceo by hr.”

“The organization's governing documents, conflict of interest policy and financial statements are available upon request, 990s and audit reports are posted to the organization's website, https://macdonald.org/audit-990s/.”

“The foundation is included in the combined audit of macdonald training center, inc. And affiliates. The center's audit committee selects the independent accountant and oversees the combined audit. The board of directors shall appoint a standing committee to be known as the audit committee, comprised of the treasurer and such directors as designed by the board of directors. The audit committee shall assume responsibility for interviewing and recommending the selection of an independent certified public accountant to conduct the corporation's annual audit. The audit committee shall oversee the audit conducted by the selected certified public accountant. The audit committee shall coordinate the presentation of the corporation's financial statement and the completed form 990 to the board of directors for review and shall be responsible for recommending the approval of the completed form 990 to the board of directors. The audit committee shall perform such other duties and shall have such other authority as the executive committee or the board of directors may from time to time determine. The process has not changed from the prior year.”