Houston Golf Association Inc

“The Executive Committee shall be comprised of the Chairman and Vice-Chairman of the Board and the Chairs of the Finance, Investment and Risk Management; Audit and Governance Committees. During the intervals between meetings of the Board, the Executive Committee shall possess and may exercise the authority of the Board necessary or convenient for the direction of the business and affairs of the Association and all things incident or pertaining thereto in such a manner as it may deem in the best interest of the Association. It is not intended, however, that the Executive Committee have final authority in any purchase or sale of real property by the Association. In addition, the Executive Committee shall serve as the Compensation Committee for the purpose of recommending the compensation of the Chief Executive Officer/President to the Board. All the acts of the Executive Committee shall be reported to the Board not later than its next meeting and shall be subject to revision or alteration by the Board; provided, however, that no rights of any third party shall be affected by such revision or alteration with the consent of such third party.”

“The Form 990 is reviewed for accuracy by all members of the governing board before filing.”

“Conflict of interest agreements are reviewed and signed by all governing board members and officers annually. The Governance Committee is responsible for ensuring adherence to the policy.”

“A compensation committee designated by the Board annually reviews the compensation of the President/CEO and any key employees. A review is performed to compare the results of the operations of the organization against a written five year plan. The committee also consults with independent third party consultants regarding the reasonableness of the compensation package which is then submitted to the Board for final approval. The Board has final approval authority over the compensation and any discretionary bonus awarded to the President/CEO or any key employee.”

“The organization makes its bylaws available electronically through its website. The organizations Conflict of Interest policy, Audited financial statements and Form 990 are made available to the public by request.”

“Steve Timms served as the President/CEO for the filing organization and 2 related organizations. His total compensation was paid through the Houston Golf Association, Inc. but allocated on estimated time committed to each entity. His time is allocated 2% Houston Golf Association, Inc., 41% Houston Golf Association Youth Programs, Inc., and 57% Houston Municipal Golf Association, Inc.”

“Other professional fees: Program service expenses 0. Management and general expenses 38,727. Fundraising expenses 3,470. Total expenses 42,197.”