Texas Restaurant Association Education Foundation Inc.

“Gary johnson & jimmy hasslocher - business relationship jessica & larry delgado - family relationship”

“During the tax year, the organization's bylaws were amended to: - clarify that a required 30 percent of the remaining trustees of the organization must be members of the texas restaurant association board; - clarify that the number of voting members of the board of trustees shall not exceed 50; - specify that the board of trustees will no longer be appointed by the president of texas restaurant association but rather approved by the president with consideration of the recommendations of the organization's governance committee; - add the option for a past chair to remain on the board as a non-voting member, and also state that for a past chair to become a voting member they must go through the nomination process; - define what a nonvoting member is and their roles as volunteers; - give responsibility to the committee chairs to be liaisons between nonvoting members and the board; - change voting requirements to amend the bylaws from two-thirds vote to a simple majority of the board of trustees; - specify that the chair will no longer be appointed by the president of texas restaurant association but rather approved by the president with consideration of recommendations; - change the duties of the president from appointing a secretary/treasurer to appointing a chief operating officer to manage the daily operations of the corporation; - define the duties and responsibilities of the position of treasurer.”

“Board members are chosen by the governance committee of the foundation & submitted to the president of the texas restaurant association for approval.”

“Budget decisions are subject to the approval of the texas restaurant association board members.”

“The form 990 is reviewed by the current chair, past chair, secretary/treasurer, and cfo, with the preparing cpa. It is then distributed to the board of directors prior to filing.”

“Board members are required to annually disclose or update to the ceo any interest that could give rise to conflicts. The ceo monitors proposed and ongoing transactions for conflicts of interest and discloses to the board if necessary.”

“The salary for the ceo is approved through texas restaurant association's process; the evaluation and guidelines committee determines the compensation for the ceo.”

“The organization makes governing documents, policies and financial statements available to the public by supplying them upon request.”

“Texas restaurant association education foundation has shared employees with texas restaurant associaton. Total compensation to employees is reported on texas restaurant association's w-2s. Lines 5, 7, 8, 9, and 10 represent allocated payroll costs to texas restaurant assocation education foundation.”