Tampa Bay Partnership Inc

“The tampa bay partnership is primarily funded by annual investor contributions. Investment levels range from $25,000 to $50,000.”

“The officers of the corporation shall be elected annually by the members at the annual meeting of the members. If the election of officers shall not be held at such meeting, the election of officers shall be held as soon thereafter as may be convenient. Each officer shall hold office until his or her successor shall have been elected and qualified or until his or her earlier resignation, removal from office, or death.”

“A complete copy of the 990 is provided to the entire board of directors for review before it is filed with the irs.”

“Any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest, is an interested person. The governing board, for purposes of conflict of interest review and determination, should be the officers of this organization. In the event that an officer makes a disclosure of a conflict or possible conflict, that officer will not participate in the governing board review and determination; instead, the remaining officers on the governing board will select a board member at large to participate in the review and determination in lieu of the disclosing officer. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the governing board or committee shall determine whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement. The minutes of the governing board and all committees with board delegated powers shall contain: the names of the persons who discussed or otherwise were found to have a financial interest in connection with an actual or possible conflict of interest, the nature of the financial interest, any action taken to determine whether a conflict of interest was present, and the governing board's or committee's decisions to whether a conflict of interest in fact existed. The names of the persons who were present for discussions and votes relating to the transaction or arrangement, the content of the discussion, including any alternatives to the proposed transaction or arrangement, and a record of any votes taken in connection with the proceedings. Each director, principal officer and member of a committee with governing board delegated powers shall annually read the statement to affirm such person: has received a copy of the conflicts of interest policy, understands the policy, has agreed to comply with the policy, and understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax exempt purposes.”

“The ceo's compensation is determined by the compensation committee per the executive compensation program policy guide adopted in 2009 by the board of directors. The committee reviews comparable compensation prepared by an independent compensation consultant. Compensation is then determined by the committee and reduced to a written contract based upon the committee's recommendations. Compensation of all other employees, including key employees, is determined by the president/ceo based upon a review of comparable compensation prepared by the cfo. The process described here was last completed in 2023.”

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

“The process for auditor selection and oversight has not changed from the prior year.”