Market Van Buren

“The organzation delegated management duties to berrien-cass-van buren workforce development board, inc., sole member.”

“Berrien-cass-van buren workforce development board, inc. A michigan non-profit corporation, is the sole member of market vanburen.”

“The sole member has the authority to appoint and remove the board of directors.”

“There are decisions subject to approval by the sole member.”

“The irs form 990 is prepared by a contracted cpa and is reviewed by the chief financial officer. The completed document is then submitted to the organization board or subset of the board for review and comment prior to submitting to the irs.”

“We have adopted a conflict of interest policy to protect the organization's interests when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or director of the organization or might result in a possible excess benefit transaction. An interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the board. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the board meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board members shall decide if a conflict of interest exists. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the board may determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is reasonable. In conformity with the above determination, it shall make its decision as to whether to enter into the transaction or arrangement. If the board believes there has been a violation of the policy or has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis of such belief and afford the member an opportunity to explain the alleged failure to disclose. If after hearing the member's response and after making further investigation as warranted by the circumstances, the board determines the member had failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action. Each board member and executive director shall annually sign a statement that affirms such person has agreed to comply with the policy. Periodic reviews shall also be conducted.”

“The organizations board is responsible for reviewing the compensation for the new hires, promoted employees or adjustments for those who are classifies as executives or officers, as well as recommending changes in compensation for such employees. The board will, at least annually, recommend to the sole member what compensation should be paid to officers of the corporation. The review will include at a minimum a comparison with the data from peer organizations via the sole member compensation philosophy. The payment and amount of such compensation will require sole member approval. Compensation for all officers, board members, and employees is on a reimbursement basis. The organization's board is responsible for setting the compensation for newly hired or promoted employees who are classified as executive or key employees, as well as recommending changes in compensation for such employees. The board will review and approve compensation at least on an annual basis. The review will include at a minimum a comparison with the data from the peer organizations. The board will make recommendations for adjustments to the compensation of the executive and key employees as appropriate. The board will keep a detailed record of the meetings and discussions relative to executive and key employee compensation. The justification for recommended adjustments will be appropriately documented. Compensation of all officers, board members, and employees is on a reimbursement basis.”

“All documents can be obtained upon request.”