Marine Preservation Association

“The organization is a non-profit corporation with members. Members of the organization elect the members of the organizations governing body but do not approve significant decisions of the governing body nor may receive a share of the organizations profits or excess dues or a share of the organizations net assets upon the dissolution of the organization.”

“The organization has two classes of members voting and non-voting. The voting members are entitled to vote for the election of the organizations governing body while the non-voting members do not have these voting rights.”

“The organizations governing body and or committees with the authority to act on behalf of the governing body have reviewed and approved the summary information and data contained within the Form 990 including Parts I through III and VII through XII before filing. The Form 990 is prepared by MPA and reviewed by the President CEO and Secretary before filing.”

“On an annual basis the organization distributes and requires certification as to adherence to its conflict of interest policy. All directors officers and employees are subject to the conditions of the policy and the annual certification requirement. Management monitors transactions on an ongoing basis for evidence of conflicts. Individuals suspecting violation of this policy are directed to report violations to the Chairperson of the organizations Audit & Governance Committee. Should the suspected activity involve the committee chair individuals are directed to report such violations to the Chairperson of the organizations Board of Directors. Upon confirmation of the existence of a conflict the committee and then full Board reviews the transactions in question in order to deliberate and determine the proper course of action. During such deliberations the persons involved in the transactions or conflicts does not participate in these final discussions and decision.”

“Compensation for the President CEO of the organization is reviewed and approved by the organizations Chairman who is an independent director of the organizations governing body. The process for having determined the level of compensation included review of similarly qualified individuals in functionally comparable positions of similarly situated organizations including but not limited to comparability and reliance upon a compensation study performed by an independent consulting firm to establish the compensation of the immediately preceding President CEO of the organization. The results of the decisions by the organizations Chairman for such current years compensation arrangements are documented and reflected in an appendix to the written employment agreement. The above process was last completed for the current tax year. There were no other compensated officers or key employees of the organization.”

“The organization makes its governing documents conflict of interest policy and financial statements available to the public upon request as required by law.”