Enterprise Florida Inc.

“The form 990 is distributed to the board of directors for review prior to filing.”

“Board members are required annually to complete a conflict of interest form and return it to the organization's compliance department. The compliance department then cross-references the completed forms with a list of the organization's contracts to determine if there is a conflict. If there is, it is submitted for board approval. If the potential conflict involves a member of the board, the involved board member must abstain from voting on the issue. In addition, the organization gives a list of board members to potential grantees and asks if any of the members are associated with their organization/company.”

“The organization has salary and compensation guidelines that are developed by the board of directors and approved by the finance and compensation committee, an independent committee within the board of directors. Officer and employee salaries and bonuses are reviewed internally on an annual basis and compared to various salary surveys of local and other economic development organizations. Every three to four years, an external salary survey is completed by an independent firm. The president/ceo salary and bonus is determined by contract and is reviewed and approved by the finance and compensation committee and board of directors. The president/ceo is evaluated by the finance and compensation committee. Evaluations are made at the discretion of the committee and may exceed the defined ratings range. The committee may take into consideration extraordinary achievements not forecast at goal setting or success against unforeseen challenges. The president/ceo annual incentive payment has a contract goal of $70,000. 80% of this is traditionally based on the achievement of organization goals, although the board may decide to award a higher amount. In addition to the organization goals in the business plan measures, the president/ceo has individual performance goals that relate to the quality of his leadership, management of the organization, and relationship with the organization's board members and economic development organizations (edo). These comprise the remaining 20% of his incentive payment.”

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request.”

“Programs: program service expenses 1,059,511. Management and general expenses 3,153,215. Fundraising expenses 0. Total expenses 4,212,726. Professional fees: program service expenses 3,302,479. Management and general expenses 756,865. Fundraising expenses 0. Total expenses 4,059,344. Cap +: program service expenses 0. Management and general expenses 31,965. Fundraising expenses 0. Total expenses 31,965. It: program service expenses 0. Management and general expenses 18,582. Fundraising expenses 0. Total expenses 18,582. Web portal: program service expenses 166,625. Management and general expenses 0. Fundraising expenses 0. Total expenses 166,625. Fibei: program service expenses 469,606. Management and general expenses 0. Fundraising expenses 0. Total expenses 469,606.”

“Equity transfer - closing cypress mgmt 90,152.”