Tampa Bay Economic Prosperity Foundation Inc

“A copy of the form 990 is provided to the board of directors prior to filing.”

“Any director, officer, or member of a committee with board delegated powers who has a direct or indirect financial interest is an interested person. An interested person must disclose to the appropriate board members or committee(s) the details of any financial interest which could lead to a conflict of interest. The board members or committee(s) will discuss the matter with the interested person and then vote on whether a conflict of interest exists and any steps that should be taken to resolve the conflict. The chairperson of the board or committee may also, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement.”

“Compensation of the organization's officers is paid by the related organization, tampa hillsborough economic development corporation (thedc). Pursuant to the bylaws of thedc, the organization has an active compensation committee that reviews and approves the compensation for the president and ceo, including direct pay and benefits. The compensation plan includes benchmark comparisons of pay and benefits to industry and geographic data. These items are collectively approved by the executive committee through the annual budget approval process. The ceo's performance is reviewed by the compensation committee annually. The compensation for all employees other than the ceo is determined by the ceo. These items are collectively approved by the executive committee through the annual budget approval process.”

“The organization's governing documents, conflict of interest policy and financial statements are made available to the public upon request.”

“Professional fees: program service expenses 16,094. Management and general expenses 5,725. Fundraising expenses 875. Total expenses 22,694.”

“The organization made no changes to its oversight process or selection process during the tax year.”