Central Washington Fair Association

“Any individual may purchase a lifetime membership, which gives them voting rights to elect the board of directors. The organization has members who may elect a member of the board on an annual basis. At the annual membership meeting, the members vote in person or by proxy to elect the board member. Prospective board members are recommended by the nominating committee of the board to the full board, who in turn submits the candidates to the members at the annual meeting.”

“See the explanation for line 6 for a description of member rights.”

“Form 990 is reviewed by management and cwfa staff. The form is then made available to the board of directors for review and discussed at a board meeting.”

“At the annual directors retreat the conflict of interest policy is reviewed and any conflicts are disclosed. During regular board meetings if there is a conflict of interest with respect to a proposed transaction, the person with the conflict is not allowed to vote on the transaction.”

“The board determines the compensation for the president by the review of what reasonable compensation is and what the budget for the year is. Reasonable compensation is based on comparable compensation for similarly qualified persons in functionally situated positions at similar organizations, other 990 of similar organizations, compensation studies and communications with other fairs. The board then approves the president's salary and the salary is documented within the board minutes for the meeting.”

“Central washington fair association makes their reviewed financial statements available at their annual meeting, its governing documents, and conflict of interest policy are available upon request.”

“Contract services: program service expenses 208,740. Management and general expenses 79,227. Fundraising expenses 0. Total expenses 287,967. Artist fees: program service expenses 454,902. Management and general expenses 0. Fundraising expenses 0. Total expenses 454,902.”