Leadership Catalyst Inc.

“The organization does not have committees with authority to act on behalf of the Board. Therefore, this line was answered "no" in accordance with the instructions.”

“Form 990 is prepared by an independent CPA firm. It is sent to the President, Vice President, a retired CPA who is also a board member and the organizations corporate bookkeeper for review and input before the filing of the completed Form 990 with the IRS. Copies are also sent to all the Board members prior to filing of the completed and reviewed Form 990.”

“All trustees, officers, agents and employees of the organization must disclose real or apparent conflicts of interest. Written disclosure statements are completed annually and reviewed by the President and Board Chairman. If a member has a real or apparent conflict of interest with a decision at hand, they would be asked to refrain from deliberations, using personal influence to affect deliberations, making motions, voting, executing agreements, or other similar actions with respect to the decision.”

“The board votes annually on the President's compensation. The board reviews executive compensation and then compares with data from similar organizations as part of the process of establishing compensation. The compensation approval process is contemporaneously documented in the board minutes. Form 990, Part VI, Section B, Line 15b: The organization does not compensate any other officers or key employees. Therefore, this line was answered no in accordance with the instructions.”

“The organization periodically posts on its website that the financial statements, conflict of interest policy, and the Form 990 are available upon request. The organization is also a member of the Evangelical Council for Financial Accountability (ECFA), which makes both the annual financial statements and the Form 990 available upon request. The documents are available either by mail or by electronic format.”

“Compensation reported in Part VII, column D is the amount reported on the individual's W-2, box 1 or 5 (whichever amount is greater) per the IRS instructions. In the case of minister's compensation when box 5 of the W-2 is not applicable, box 1 compensation is used. Employee deferrals to qualified retirement plans are normally captured in box 5, not box 1 of Form W-2. For reporting purposes we have included the minister's retirement plan deferrals in Part VII, column F.”