Western Washington Fair Association

“The shareholders have no financial benefit to owning shares of the organization.”

“Shareholders are responsible for electing the members of the governing body. A meeting is held on an annual basis for the shareholders to vote on the governing body members.”

“The organization's articles of incorporation or bylaws may not be amended without the approval of the shareholders.”

“The western washington fair association's form 990 is prepared by an independent accounting firm. Upon completion of the return, it is reviewed by the organization's chief financial officer. A copy of the return is also made available to each board member for his/her review.”

“The organization enforces and monitors the policy through the usage of internal controls surrounding vendors and contractors by implementing a bidding system that requires approvals and checks and balances as well as competing bids at market prices. Any transactions that may present a conflict of interest, whether in fact or appearance, are to be scrutinzed by management and company officers for potential conflicts of interest before being accepted. If a transaction, quote, bid, or contract appears to violate a conflict of interest, management will address.”

“Wwfa utilizes an independent contractor to research, recommend, and provide guidance on compensation of its top management officials and employees. Compensation of top management must also be approved by the board of directors/compensation committee.”

“Wwfa makes its governing documents available to the public upon request. The organization's form 990 and form 1023 is also available to the public upon request and is posted on guidestar's website.”

“Wwfa undergoes an annual financial statement audit performed by an independent accounting firm. The finance and budget/internal audit committee is responsible for the oversight of the financial statement audit, as well as the selection of an independent accounting firm.”