Long Live the Kings

“The board of directors has an executive committee with a minimum of five members, all of whom must be board members. The chairs of all other standing committees are members of the executive committee. Between meetings of the board, the executive committee has the authority to act for the board in any matter for which the board has power to act, except for the following: (a) amend, alter or repeal the bylaws; (b) elect, appoint or remove any member of any other committee or any director or officer of the organization; (c) amend the articles of incorporation; (d) adopt a plan of merger or consolidation with another organization; (e) authorize the sale, lease or exchange of all or substantially all of the property and assets of the organization not in the ordinary course of business; (f) authorize the voluntary dissolution of the organization or revoke proceedings therefor; (g) adopt a plan for the distribution of the assets of the organization; or (h) amend, alter or repeal any resolution of the board which by its terms provides that it shall not be amended, altered or repealed by a committee.”

“Prior to filing, form 990 is reviewed by the finance director and ceo, then distributed to the full board.”

“Directors and officers are required to disclose to the board any financial interest which the director or officer directly or indirectly has in any person or entity which is a party to a transaction under consideration by the board. The interested director or officer abstains from voting on the transaction. No employee may solicit or accept gratuities, favors, or anything of significant value from any organization or individual that could constitute a conflict of interest with their responsibilities to the organization.”

“The finance committee and the board chair review and approve the ceo's compensation, as well as recommended compensation adjustments for all positions within the organization. Online resources such as glassdoor.com and salary.com are used to obtain comparability data from other government and nonprofit employers. Long live the kings' people and culture consultant then uses the comparability data and each employee's position level (title and responsibility) and tier (years' experience at level) combined with results of the employee's annual performance review to determine recommended compensation. The compensation review process occurs annually in the fall. The process described here was last completed in 2024.”

“Governing documents, conflict of interst policy, and financial statements are available to anyone upon request. The form 990 and the audited financial statements are also provided to various non-profit rating agencies such as guidestar and propublica.”

“Other services: program service expenses 2,804,032. Management and general expenses 109,678. Fundraising expenses 25,367. Total expenses 2,939,077.”