United Way of Central Oklahoma Inc

“The form 990 was reviewed by the audit committee and provided to the board of directors prior to filing the return.”

“The organization requires an annual disclosure of any conflicts and a representation that directors and all employees will comply with the conflict of interest policy. The disclosures are monitored by the president and ceo of the organization. Any identified conflicts are reported to the ethics and diversity committee. In the event of a conflict, the conflicted director abstains from discussion and voting.”

“The Human Resource Committee, composed of voting board members and independent human resources professionals, approved salary ranges for all positions on November 8, 2022. Each year, United Way of Central Oklahoma (UWCO) develops an annual budget that includes compensation. The Finance Committee reviews and approves the budget during its November meeting. The budget is subsequently submitted to and approved by both the Executive Committee and the full Board of Directors in December. The Executive Committee conducts a formal annual performance evaluation of the President & CEO in December. Documentation of this evaluation is maintained by the Human Resources department. Based on the results of the evaluation, the Executive Committee may recommend adjustments to base compensation or award a performance-based bonus.”

“Salary ranges for all positions were approved by the Human Resource Committee, which includes voting board members and independent HR professionals, on November 8, 2022. UWCO incorporates compensation into its annual budget, which is reviewed and approved by the Finance Committee in November and subsequently approved by the Executive Committee and Board of Directors in December. All other officers and key employees undergo a formal annual performance evaluation conducted by their direct supervisor in February. These evaluations are reviewed by the Vice President of Human Resources and then by the President & CEO. Evaluation documentation is retained by the Human Resources department. Merit-based increases in base pay or performance bonuses may be awarded based on the results of these evaluations.”

“The organization allows the public to view its financial statements and form 990 by requesting them at the organization's main office. The organization's certificate of incorporation is made available by the oklahoma secretary of state's office. The organization's conflict of interest policy can be made available for a proper purpose upon written request at the organization's main office.”

“The board of directors of the organization is extremely robust and encompasses influential business men and women in the community. As such it is possible that board members may have business/family relationships. However, these potential relationships do not create any issues or conflicts impacting the operation of the organization. If a relationship is identified, the organization discloses the information on the form 990 as required.”

“Article vi, section 1, of the organization's bylaws establishes an executive committee. The executive committee consists of the chair of the board, chair elect, secretary/treasurer, and various committee chairs. The duties of the executive committee include meeting in the absence of the board to conduct all necessary activities to ensure the continued operation of united way. The executive committee shall have and make use of such powers as the board shall delegate. Activities of the executive committee are reported to the board of directors at their next meeting.”

“CHANGE IN BENEFICIAL INTEREST - 141667; Total - 141667;”

“The board of directors includes a number of business people in the community. The organization may have some business relations with members of the board but all transactions are done at arms length. If a relationship is identified, the organization discloses the information on the form 990 as required. There were no such conflicts requiring disclosure in 2024.”