Oakland Chinatown Improvement Council

“The Form 990 is prepared by the organizations accountant and reviewed by the Executive Director and Board Treasurer before being distributed to all board members for final review prior to filing.”

“OCIC maintains a written conflict of interest policy. Each year, all officers, directors, and key employees are required to complete and sign a disclosure form identifying any financial interests or relationships that could create a potential conflict. These disclosures are reviewed by the Executive Director and, if needed, brought to the board for further review. Any conflicts are documented and managed through recusal or other appropriate steps. Compliance with the policy is monitored regularly to ensure transparency and accountability.”

“The compensation for the Executive Director was reviewed and approved by the Board of Directors, with all individuals involved being independent and having no conflict of interest. The board considered comparability data from similar nonprofit organizations, including salary surveys and publicly available Form 990s. The review process included a discussion during a scheduled board meeting, and the deliberations and final decision were documented in the official meeting minutes.”

“The compensation for other officers and key employees was reviewed and approved by independent members of the Board of Directors. The process included an evaluation of comparability data from nonprofit salary surveys and publicly available Form 990s from similar organizations. Discussions were held during scheduled meetings, and all deliberations and final decisions were documented in the meeting minutes to ensure transparency and accountability.”

“OCIC makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Additionally, key documents, including financial statements and Form 990, are posted on the OCIC's website to ensure transparency and public access.”

“OCIC launched the inaugural Oakland Chinatown Night Market.”