Grants Managers Network Inc

“GMN has a professional employer organization (PEO) arrangement with Insperity. Insperity files all required federal employment tax returns.”

“The Organization has both Individual and Honorary members, but only Individual members have voting rights.”

“At an annual meeting, the voting members have the right to vote on the election of the Board of Directors.”

“Voting members have the right to vote to approve any amendments to the Organization's Bylaws proposed by the Board of Directors.”

“The Executive Director works with the auditor to prepare the return. It is then reviewed by the Finance Committee. The Finance Committee presents it to the Board for review. Once the Board votes to accept the return, it is filed with the IRS.”

“GMN shall adhere to the following procedures to address any conflict of interest identified by the Board or a delegated committee thereof. - An interested person may make a presentation to the Board or committee, but after the presentation he or she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. - The Co-Chairs of the Board (or one of the Co-Chairs, if the conflict of interest relates to one of the Chairs) or the chair of a delegated committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. - After exercising due diligence, the Board or delegated committee shall determine whether GMN can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. - If a more advantageous transaction or a arrangement is not reasonably possible under circumstances not producing a conflict of interest, the Board or delegated committee shall determine by a majority vote of the disinterested board members whether the transaction or arrangement is in GMN's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement. Violations of the Conflicts of Interest Policy. - If the Board or delegated committee has reasonable cause to believe an interested person has failed to disclose any actual or possible conflict of interest, it shall inform the interested person of the basis for such belief and afford the interested person an opportunity to explain the alleged failure to disclose. - If, after hearing the interested person's response and making further investigation as warranted by the circumstances, the Board or delegated committee determines that the interested person has failed to disclose an actual or possible conflict of interest as required, it shall take corrective action, including potential disciplinary action, as it deems appropriate under the circumstances.”

“GMN uses four sources of data to benchmark salaries-the American Society of Association Executives, Kenexa, ERI, and 990 data of peer organizations. Salary benchmarking data is compiled by Raffa, GMN human resources consultant. Following completion of the written year-end performance review, the Executive Director will determine if any salary adjustments or merit increases are warranted and within budget for staff and will make those decisions effective January 1 of the following year. The Board Co-Chairs review the Executive Director's performance with input from the full board. The Co-Chairs recommend any salary adjustments or merit increases for approval by the Executive Committee. The results of the review and any salary changes are shared with the full board at its next scheduled meeting.”

“GMN makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“GMN's Audit Committee is responsible for oversight of the audit of its financial statements. GMN's Finance Committee is responsible for the selection of its independent accountant. This process is consistent with previous years.”