Pathway Financial Education

“Peter mallouk, vince clark, jeff stolper and seamus smith have business relationships.”

“Creative planning tax prepares and reviews irs form 990. The 990 is then reviwed by the board. Any questions or concerns board members have are addressed and corrected prior to form 990 being published.”

“A conflict of interest shall be addressed as follows: (i) an interested person may make a presentation at the governing board or committee meeting, but after the presentation, he or she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest; (ii) the chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement; and (ii) after exercising due diligence, the governing board or committee shall determine whether the corporation can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the corporation's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement.”

“Section 1. Impartial decision makers. The compensation arrangement must be approved in advance (before any payment is made) by the approval body composed entirely of individuals who do not have a conflict of interest with respect to the compensation arrangement. Section 2. Comparability data. When the approval body is considering a compensation arrangement, it must rely on comparability data that demonstrate the fair market value of the compensation in question. For example, when crafting compensation packages, the approval body must secure data that documents compensation levels for similarly qualified individuals in like positions at like organizations. This data may include the following: (a) expert compensation studies by independent firms; (b) written job offers for positions at similar organizations; (c) documented telephone calls about similar positions at both nonprofit and forprofit organizations; and (d) information obtained from the irs form 990 filings of similar organizations. Section 3. Concurrent documentation. The approval body must document how it reached its decisions, including the data on which it relied. To qualify as concurrent documentation, written or electronic records of the approval body (such as meeting minutes) must note: (a) the terms of the compensation and the date it was approved; (b) the members of the approval body who were present during the debate on the compensation that was approved and those who voted on it; (c) the comparability data obtained and relied upon and how the data were obtained; and ( d) any actions taken with respect to consideration of the compensation by anyone who is otherwise a member of the approval body but who had a conflict of interest with respect to the decision on the compensation.”

“Articles of incorporation and amendments are public record documents, copies can be obtained by the public from the office of the secretary of state in missouri. Bylaws, corporate policies and auditied financial statements are not public records and will not be disclosed without approval by the board.”