Leadership Florida Statewide Community Foundation Inc.

PART VI: Governance, Management, and Disclosure

“section a,LINE 7A THE BOARD IS ELECTED BY THE GENERAL MEMBERSHIP AT THE ANNUAL MEETING. LINE 7B THE ONLY DECISION SUBJECT TO APPROVAL BY THE MEMBERSHIP ("OTHER PERSONS") IS AMENDMENT OF THE BYLAWS OF THE GOVERNING ORGANIZATION. SECTION B, LINE 11B THE FORM 990 AND ACCOMPANYING SCHEDULES ARE REVIEWED IN DETAIL BY THE CHIEF OF OPERATIONS, PRESIDENT, AND AUDIT COMMITTEE (in consultation with the INDEPENDENT ACCOUNTING firm). THE COO RESOLVES ANY ISSUES OR QUESTIONS WITH THE INDEPENDENT ACCOUNTING FIRM THAT PREPARES THE FORMS. THE BOARD OF DIRECTORS RECEIVE A DRAFT FOR REVIEW AND APPROVAL. ONCE APPROVED, THE FORM 990 IS SUBMITTED TO THE INTERNAL REVENUE SERVICE. DISTRIBUTIONS TO ALL BOARD MEMBERS MAY BE IN THE FORM OF ELECTRONIC MAIL, NOTIFICATION OF A LINK TO A WEBSITE OR ACTUAL MAILING AND HAND DELIVERY OF THE DOCUMENT. LINE 12C A DISCLOSURE FORM MUST BE COMPLETED, SIGNED, AND RETURNED ANNUALLY. IF A CONFLICT OF INTEREST IS DISCLOSED, IT WOULD BE REFERRED TO PRO BONO LEGAL COUNSEL WHO WOULD RECOMMEND APPROPRIATE ACTION. LINE 15A THE COMPENSATION COMMITTEE OF THE ORGANIZATION'S BOARD OF DIRECTORS ANNUALLY REVIEWS THE PERFORMANCE AND COMPENSATION OF THE PRESIDENT. THE COMMITTEE IS COMPOSED OF THE BOARD OF DIRECTORS' CHAIRMAN, IMMEDIATE PAST CHAIR, CHAIR DESIGNEE, SECRETARY-TREASURER AND ONE DIRECTOR APPOINTED BY THE CHAIRMAN. THE COMMITTEE CONSIDERS, AMONG OTHER THINGS, PERFORMANCE COMPARED TO THE OBJECTIVES ESTABLISHED FOR THE PREVIOUS YEAR AND GENERAL ECONOMIC CONDITIONS. A WRITTEN EVALUATION OF THE PRESIDENT IS PROVIDED. COMPENSATION ADJUSTMENTS RECOMMENDED BY THE COMMITTEE, IF ANY, ARE RATIFIED BY THE ORGANIZATION'S FULL BOARD OF DIRECTORS AT A REGULAR MEETING PRIOR TO IMPLEMENTATION. THE PRESIDENT HAS THE AUTHORITY TO ESTABLISH COMPENSATION FOR ALL OTHER EMPLOYEES. THE LAST COMPENSATION STUDY WAS PERFORMED ON JULY 2, 2014. SECTION C, LINE 19 The organization makes its governing documents, conflict of interest policy and three most current years of financial statements and Form 990s available to the public upon request.”