Pacific County Economic Dev Council

“Form 990 Part VI Governance, Management, and Disclosure Line: 11(b), The organizations process for reviewing the annual Form 990 includes, but is not limited to, the following: review by the Board President and the Board Treasurer, as well as, review by the Executive Director and proper staff, and preparation and/or review by consultant. Any Board member can access the Form 990 upon request. Moreover, it is publicly available on google.”

“Form 990 Part VI Governance, Management, and Disclosure: Line 12(c), The organization has each of its Board members sign a Conflict of Interest and Confidentiality Statement which states "Prior to the start of any Council formal action, vote, discussion, negotiation, or consideration of a grant request by the organization, member and officers are expected to make full disclosure to the best of their knowledge of any conflict of interest. A PCEDC board member or officer with a conflict of interest in a proposed transaction shall not vote on the matter and shall declare this conflict of interest before entering any discussion of the matter. Therefore, the conflict-of-interest policy is self-regulated by the governing body who must disclose any potential conflict.”

“Form 990 Part VI Governance, Management, and Disclosure: Line 15 (a & b), The organizations Policy and Procedure Manual Article IV, Supervision and Evaluation (Sept 2022), states The Chairman of the Directors is the direct supervisor of PCEDC's Executive Director, and in conjunction with the Review Committee of the Board of Directors, will conduct an annual performance evaluation of the Executive Director. All employees will be evaluated by their direct supervisor, using established standards of performance for their position, on an annual basis. Comparable data is used in this process, when necessary. Annual evaluations are done on all employees. Form 990 Schedule J is not required.”

“Form 990 Part VI Governance, Management, and Disclosure: Line 15 (a & b), The organizations Policy and Procedure Manual Article IV, Supervision and Evaluation (Sept 2022), states The Chairman of the Directors is the direct supervisor of PCEDC's Executive Director, and in conjunction with the Review Committee of the Board of Directors, will conduct an annual performance evaluation of the Executive Director. All employees will be evaluated by their direct supervisor, using established standards of performance for their position, on an annual basis. Comparable data is used in this process, when necessary. Annual evaluations are done on all employees.”

“Form 990 Part VI Governance, Management, and Disclosure: Line 19, The organization supplies its governing documents, conflict of interest policy and financial statements to the public for public inspection upon written request.”

“Form 990 Part VI Statement Regarding IRS Filings: Line 1(a) For its payroll services and payroll related tax filings, the organization uses ADP and QuickBooks. In 2024, the organization appropriately filed the required Form 1099s electronically. QuickBooks was used to file 8 Form 1099s, and 2 Form 1099 was filed by ADP. The electronic filing requires no Form 1096.”

“Part XII Reconciliation of Net Assets: Line 1 and Line 8, In 2023 the accounting method was changed from cash to accrual by Board Approval.”