Leadership Eastside a Washington Nonprofit Corporation

“All meetings of the Board of Directors and any committee that can act on behalf of the board are documented and approved via meeting minutes.”

“It is the policy of Leadership Eastside to provide a complete copy of the form 990 to all members of the Board of Directors before filing the form with the IRS. Receipt of the form by the members of the board is documented in the regular documentation of the meeting.”

“At the first meeting of the board term, the Leadership Eastside Board Director Annual Disclosure Statement and the Leadership Eastside Conflict of Interest policy are distributed to each member of the Board of Directors for them to read, review, and sign. Signed copies are maintained by the President and CEO.”

“The Leadership Eastide Board of Directors salary review committee, consisting of the past board chair, the current board chair and the chair elect, regularly review current and comparable data on president and CEO salaries as well as the organizations history and financial well being, before recommending the president and CEOs salary to the full Board of Directors for the coming year. This committee and all of its members are independent from the President and CEO. Their review and recommendation are recorded in the respective minutes.”

“The Leadership Eastide Board of Directors salary review committee, consisting of the past board chair, the current board chair and the chair elect, review current and comparable data on salaries, as well as the organizations history and financial well being prior to any promotions or salary adjustments for staff other than the president and CEO. This committee and all of its members are independent from the President and CEO. Their review and recommendation are recorded in the respective minutes.”

“The public copy of the form 990 is available upon request using the contact information provided in Part VI, Section C, Line 20.”

“The organizations governing documents, conflict of interest policy and financial statements are available upon request using the contact information provided in Part VI, Section C, Line 20.”

“In 2018, Leadership Eastside made a change to the method in which it recognizes tuitionrevenue in order to be more in alignment with Generally Accepted Accounting Principles(GAAP). Tuition revenue is now deferred at the time of invoicing and recognized over theduration of the program. Prior years were not restated. This had an effect of reducingrevenue and net income by $151,098 in 2018. 2019 reflects the deferred revenue model and includes income from the classes of 2020 and 2021. The tuition revenue from the class of 2019 was not included as it had been previously recognized in 2017.”

“Incubator facilitators $21,757Honorariums for 2 year program $8,341Other contractors $1,324”