Woman'S Missionary Union Foundation

“The election of trustees, except the ex officio trustees, shall be conducted at the fall meeting of the trustees. A majority vote of the trustees eligible to vote and voting at the meeting shall be necessary for election of a trustee to the board; except, when more than two persons are candidates for the same trustee's position, then the person receiving the plurality of votes shall be the elected trustee. The president and the executive director of woman's missionary union, auxiliary to southern baptist convention, an alabama nonprofit corporation (hereinafter referred to as "wmu") shall serve as trustees of the foundation by virtue of their office (herein sometimes referred to as "ex officio trustees"). The election and term of the ex officio trustees shall be coextensive with their election and term of office as officers of wmu. The trustees shall elect, from among their own number, a chair of the board and vice-chair of the board. The chair of the board shall preside at meetings of the board; the vice-chair of the board shall preside at meetings of the board at which the chair is not in attendence. The ex officio trustees shall be eligible to vote for the chair and vice-chair of the board but shall be ineligible to serve in such positions.”

“Upon completion of the organization's form 990, the return is electronically distributed to the executive committee of the board for their review. During this time, board members are encouraged to ask questions or engage in discussion regarding any topic covered in the return. Additionally, the president and treasurer extensively review the form 990 for accuracy and completeness prior to filing. Once the governing body has reviewed and approved the form 990, the return is filed with the internal revenue service.”

“The organization monitors and enforces compliance by requiring officers, directors and key employees to annually disclose interests that could give rise to conflicts via a signed written statement.”

“The president's performance is evaluated annually by the executive committee, led by the chairman of the board. Additionally, the president is asked to submit a written statement to the chair discussing his/her plans for the coming year and their personal evaluation of accomplishments and failures over the past year. The chair compiles the results of the returned evaluation forms and the president's self-evaluation and shares the results with the vice-chairman of the board. The chair and vice-chair of the board both meet with the president prior to the summer meeting of the executive committee. At this meeting, the two officers will discuss the results of the evaluation. After this meeting, the chair and vice-chair will arrive at a proposed salary for the coming year (taking into account comparative nonprofit organization executive salaries) to recommend to the executive committee at its summer meeting. Any approved salary adjustment will be included in the budget to be proposed to the full board at its fall meeting.”

“The organization makes available its financial statements and other governing documents upon request.”

“The organization did not change its oversight process or selection process during the tax year.”