Leadership Florida Statewide Community Foundation Inc.

“The composition of the board of directors is outlined in article v of the organization's bylaws. A nominating committee solicits nominations of members willing to serve on the board. At-large directors and the chair-elect are elected by a majority of those class b voting members present and voting at the annual meeting.”

“The only decision subject to approval by the membership ("other persons") is amendment of the bylaws of the governing organization.”

“The form 990 and accompanying schedules are reviewed in detail by the assigned staff, president and ceo, and audit committee (in consultation with the independent accounting firm, who also prepares the 990). The assigned staff resolves any issues or questions with the independent accounting firm that prepares the forms. The board of directors receives a draft for review. Once accepted, 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.”

“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.”

“The compensation committee of the organization's board of directors annually reviews the performance and compensation of the president and ceo. 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 and ceo 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 and ceo has the authority to establish compensation for all other employees. The last compensation study was performed in january 2017.”

“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.”

“The process has not changed from the prior year.”

“Prior period adjustment: the accompanying financial statements for 2018 have been restated to correct an error related to accrual of expenses made in the year ended june 30, 2018. The effect of the restatement was to decrease change in net assets for the year ended june 30, 2018 by $47,978.”