Culver City Forward

“There are no committees with authority to act on behalf of the governing body.”

“CCF delegates the day-to-day bookkeeping, interactions with CPA and administrative matters to Benevolent Vision, Inc., a firm specializing in advisory, facilitation and management of tax-exempt organizations. BV meets weekly with the CEO and reports directly to the board at each board meeting.”

“Each Board Meeting is documents with notes and Minutes of the Meeting are distributed afterward on a timely basis. Previous Board Meeting minutes are approved at the next Board meeting.There are no committees with authority to act on behalf of the governing body.”

“Prior to the finalization of the 990, the CEO and nonprofit management consultant review the 990 and then circulate it to the board for final review, comment and approval.”

“The organizations bylaws incorporate a conflict of interest (COI) policy in accord with the requirements of the California nonprofit corporation law. The COI policy states that the organization shall not enter into any contract or transaction, directly or indirectly, with any director or Officer of the organization, chair of the board, chief executive officer, treasurer, chief financial officer, or any person who, during the 5-year period ending on the date of such transaction, was in a position to exercise substantial influence over the affairs of the organization (or any person who is related as defended by the COI policy).A conflict will be deemed not to exist if:1.The material facts are fully disclosed in good faith and noted in the minutes, or are known to all directors, prior to consideration by the board of such contract or transaction;2.Such contract or transaction is authorized in good faith by a vote of the majority of the directors then in office, without counting the votes of any director who has a financial interest in the transaction;3.Before authorizing or approving the transaction, the board considers and in good faith determines, after reasonable investigation, that the organization could not obtain a more advantage arrangement with reasonable effort under the circumstances;4.At the time the transaction is entered into, the transaction is fair and reasonable to the organization, and the organization entered into it for its own benefit.To monitor and enforce conflicts of interest and compliance with the bylaws, the organizations board of directors and key management utilize annual forms for acknowledgement of review of the COI language and annual disclosure of any potential conflicts.The Bylaws were adopted on April 22, 2020. Prior to adoption, the organization consulted with legal counsel and a nonprofit management consultant regarding potential conflicts of interest.”

“The Organization gathered data regarding the compensation of chief executive officers at comparable organizations. This data was utilized for purposes of determining compensation. The Organization then hired a consulting firm specializing in nonprofit executive compensation to review the job description for the CEO position, including roles and responsibilities. The consulting firm accessed and analyzed the compensation reported by a cohort of reasonably comparable organizations and concluded that the compensation was fair and reasonable. In accordance with the California nonprofit integrity act, the board of directors will engage in additional reviews of the CEOs compensation prior to any increase in salary or change to benefits.”

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