Northwest Washington Fair Association

“The organization has authorized 100 shares of voting corporate stock. Each member/shareholder is entitled to one vote, regardless of the number of shares held.”

“The members/shareholders have the authority to elect members to the board of directors at their annual shareholder meetings.”

“A draft copy of the form 990 is included in a mailing to the members of the board of directors. Board members are requested to respond with any questions/comments. All questions/comments are reviewed at the next board meeting with accounting personnel present. Once all questions/comments are resolved, the 990 is approved by the board.”

“Officers and directors are required annually to sign a statement which affirms that they have received a copy of the conflict of interest policy, have read and understand it, and have agreed to comply with the policy. In addition, such persons are required to disclose conflicts of interest to the board as they arise during the year.”

“The board monitors the manager's performance throughout the year. At year end, an annual compensation comparison survey is completed to review the manager's salary, and the compensation package is ultimately approved by the board.”

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request at the fair office.”

“Contract labor: program service expenses 115,805. Management and general expenses 0. Fundraising expenses 0. Total expenses 115,805. Premiums: program service expenses 90,799. Management and general expenses 0. Fundraising expenses 0. Total expenses 90,799. Insurance: program service expenses 0. Management and general expenses 54,833. Fundraising expenses 0. Total expenses 54,833. Repair & maintenance: program service expenses 53,305. Management and general expenses 0. Fundraising expenses 0. Total expenses 53,305. Administration: program service expenses 0. Management and general expenses 33,305. Fundraising expenses 0. Total expenses 33,305. Travel & education: program service expenses 0. Management and general expenses 29,906. Fundraising expenses 0. Total expenses 29,906. Telephone: program service expenses 5,040. Management and general expenses 5,040. Fundraising expenses 0. Total expenses 10,080. Business taxes: program service expenses 0. Management and general expenses 9,045. Fundraising expenses 0. Total expenses 9,045.”