Capital Matrix Inc

“The governing body delegated authority to the loan committee and executive committee (both consisting only of directors) to approve loan applications for submission to the sba as specifically defined by the regulator (sba).”

“The organization's articles of incorporation and bylaws were amended to reflect the change from a membership organization to a director driven organization and other changes mandated by the regulatory agency.”

“The organization converted to a non-member organization during fye 9/30/15. The articles and by-laws of the organization were amended to include an expanded role of directors to elect new directors and make changes in articles and by-laws. Term limits for directors were established in those amended documents.”

“A copy of the form 990 is provided to all board members prior to the filing of the return. The filing copy of form 990 is reviewed by the president and then signed.”

“The organization requires all employees, board members, and loan committee members to read and sign a confidentiality statement acknowledgement that includes the conflict of interest policy. Individuals are required to disclose all conflicts of interest and are required to abstain from voting on matters in which they are involved.”

“Compensation is reviewed annually by the organization's board and compensation or executive committee. That committee, consisting of at least 4 directors, evaluates market and industry salary levels and management performance and makes a recommendation to the board for total increase in compensation as part of the budget process. The committee also recommends the dollar amount to be allocated to the ceo's salary in the following year. The board either approves, amends, or declines the recommendations. The ceo reviews and approves the dollar amount to be allocated to the other officer compensation.”

“The organization makes documents available upon request.”

“The organization did not change its oversight process or selection process during the tax year.”