Connexus Association Inc.

“The organization has members”

“The organization's directors review the form 990 by email prior to filing”

“Procedures regarding conflict of interest are in place for determining, identifying, addressing, and documenting any violation. Each director and member of the committee are subject to annual and periodic reviews that may involve the use of outside experts.”

“When hiring the executive director and other key employees, the board will perform a thorough review to determine suitable compensation. This process is to include a review of comparability data by the board of directors or an independent compensation consultant hired by the board. Comparability data can include compensation surveys, written employment contracts and 990s of similar organizations. The board will retain documentation of the deliberation and final decision. The documentation will contain the terms of the approved transaction and the date approved, the members of the board who voted on the decision, the comparability data that was relied on by the decision-making body and how the data was obtained. This procedure will be repeated each time a key employee compensation package changes materially. The procedure need not be repeated for annual cost of living increases based on government cost of living figures.”

“When hiring the executive director and other key employees, the board will perform a thorough review to determine suitable compensation. This process is to include a review of comparability data by the board of directors or an independent compensation consultant hired by the board. Comparability data can include compensation surveys, written employment contracts and 990s of similar organizations. The board will retain documentation of the deliberation and final decision. The documentation will contain the terms of the approved transaction and the date approved, the members of the board who voted on the decision, the comparability data that was relied on by the decision-making body and how the data was obtained. This procedure will be repeated each time a key employee compensation package changes materially. The procedure need not be repeated for annual cost of living increases based on government cost of living figures.”

“The form 990 and form 1023 are available to the public upon request. Copies will be provided immediately in the case of in-person requests. Requests received by written, phone, fax or e-mail means will be honored by directing the requestors to our website. The current form 990 as well as for the previous 5 years (not including schedule b), form 1023, conflict of interest policy, and annual report can be found on the organization's website in adobe format. We reserve the right to charge a reasonable copying fee plus actual postage for multiple copies requested from the same individual or related group of individuals.”

“The purpose of connexus association is to provide scholarships for education, to assist educational institutions and to provide financial literacy education to help borrowers and savers reach their financial goals. In a limited fashion, the association may also engage in any charitable activity recognized in i.r.c. 501(c)(3).”

“For 2024 connexus association continued the scholarship program giving out 33 - 1,000 scholarships to high school seniors. An additional 20,000 was distributed to northcentral technical college (ntc) and utilized for connexus association's scholarship program with ntc, income-based scholarships, and the student emergency grant program. As always, education remains one of our most important missions. In the last months of 2024, the board of directors for connexus association voted to continue providing funding and scholarships for the local schools. During 2024, connexus donated over 20,000 to 8 local schools for educational purposes. We also continued to provide free financial literacy courses to our members through our partnership with everfi. Lastly, we donated over 10k to other institutions to support stem and reading programs. We directly support financial literacy education including 27,500 to various junior achievement offices with thousands more dollars granted to organizations which would indirectly support financial literacy education.”

“Other fees-mngmnt-990 42,250 0 0”