The Arc Pikes Peak Region

“The organization has one class of voting members who are usually accepted for membership in accordance with criteria established from time to time by the Board of Directors. The membership is not transferable, and the members have no ownership rights or beneficial interests of any kind in the assets of the corporation. EACH MEMBER IN GOOD STANDING VOTE ON THE ORGANIZATION'S BOARD of directors. ELECTIONS ARE DONE ON A ONE MEMBER ONE VOTE BASIS.”

“AT THE ANNUAL MEETING OF THE MEMBERS, EACH MEMBER IN GOOD STANDING VOTEs ON THE ORGANIZATION'S BOARD of directors. ELECTIONS ARE DONE ON A ONE MEMBER ONE VOTE BASIS.”

“The following acts require approval from the membership body: (1) election of the board of directors, and (2) dissolution of the organization.”

“THE CEO/ Executive Director OF THE ORGANIZATION DISTRIBUTES A PDF COPY OF THE 990 RETURN TO ALL BOARD MEMBERS FOR REVIEW AND COMMENT PRIOR TO BEING FILED with the IRS.”

“The organization has a written conflict of interest policy that is regularly and consistently monitored. Each board member signs a conflict of interest when they are elected into the board and are required to at each board meeting, if there is a discussion of selecting or engaging a vendor or service provider, all in attendance are asked to recuse themselves from this discussion if there could be a perceived conflict.”

“Salary increases usually consist of a COLA and merit component. During the budget process for the next year, the Executive Director and Finance Coordinator review the COLA published in the current year and review the financial position of the organization. Based on those two figures, the Executive Director determines the salary increases for each staff member. The Executive Director then submits the salary increases to the Finance Committee as part of the budget for the next year. The Finance Committee submits it to the Board as part of the entire proposed budget. The Finance Committee reviews and approves the salary increase of the Executive Director and adds that figure to the figure the Executive Director proposed for staff increases. The Board leaves the individual staff increases up to the discretion of the Executive Director.”

“The organization will provide in a timely manner, copies of all governing documents, including its conflict-of-interest policies and financial statements when requested in writing or in person.”

“Other changes in net assets: change in fair market value of beneficial interest in perpetual trust: $57,595.”

“Audit Oversight Committee: The organization's Finance Committee is in charge of overseeing the audit and selecting the independent accountant. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.”