The River Network International

“The board or its delegated representative(s) is provided a copy of the Form 990 for review prior to submission to the IRS.”

“The board is aware and regularly monitors conduct and agreements based on the Conflict of Interest policy found in the organization bylaws, Article 9. The Conflict of Interest is designed to protect the tax-exempt corporations interests when entering into a transaction or arrangement that might benefit the private interest of an officer or director of the corporation or a disqualified person as defined in Section 4958(f)(1) of the IRC.”

“Compensation for directors, officers, or top management is conducted based on an evaluation of similarly situationed roles. For example, a salary for a churchs lead pastor provides a comparison for a CEO or Executive Director of a religious organization. In selecting compensation, the board reviews current market rates for similar positions and ensures compensation is line based on educational qualifications, years of experience, and geographic baselines.”

“Officers and key employee compensation would be selected in the same way as that of the CEO, Executive Directors and top management, except the board will delegate authority in hiring to the day-to-day leadership (Executive director) of the organization. Compensation is determined by comparing market rates through salary studies for similar roles.”

“The public, upon request, may inspect organizational financial records, Form 990 series documents (once filed with the IRS), and organizational documents.”

“Fees for services are paid to contract coaches and other leaders who facilitate training of TRNI group and event participants. Contractor payments are reported on Form 1099 for each eligible recipient.”