Community Volunteer Network

“The organization delegates management to pacific retirement services.”

“Pacific Retirement Services, Inc. is the sole member of the corporation.”

“Pacific retirement services, inc. Can appoint board members to the board of community volunteer network.”

“The following decisions of the board of community volunteer network are reserved to the corporate member:1. Enactment, amendment or restatement of the community volunteer network articles of incorporation and bylaws.2. Election of directors, including vacancies caused by removal or resignation of community volunteer network directors.3. Any merger, all corporate consolidations, and/or all partial or total dissolutions involving the corporation, approve all donations or transfers without consideration of all or substantially all of the assets of the corporation.4. The creation of any taxable or tax-exempt subsidiary organization to the corporation.5. Any acquisitions of controlling interests in organizations or businesses by the corporation.6. All budgets and long range plans of the corporation before authorized expenditures may be made therefrom.7. All non-budgeted contracts in excess of an amount to be established by the member's board.8. Appointment of the outside auditors for the corporation.9. Adoption or revision of the mission statement and long range plan.”

“THE FORM 990 IS REVIEWED BY management and provided to THE BOARD before filing with the IRS.”

“The conflict of interest policy and questionnaire are sent to all board members and key employees annually. There are two policies related to conflicts of interest: 1. Board of directors; 2. Key employees, which identify the purpose, definitions, and procedures.If a conflict is self-identified by a board member or key employee in the questionnaire and/or meeting, procedures are followed and documented according to the policy.”

“A compensation committee of the PRS Board exists to determine compensation for the executive director of each community. This committee is comprised of the officers of the PRS Board of directors. The Committee has a charter that outlines its duties and responsibilities. It also has agenda elements that describe the activities that the committee undertakes during the year.The Vice President of Human Resources provided salary studies from the following resources to the committee relative to executive director compensation: Salary.com, Payscale.com, 990 review (like size organizations), CEMO (Chief executive officers of Multi-facility organizations) salary study results, and industry state association salary study results based on geographical location. The recommendation for base compensation and bonus are provided by the immediate supervisor, based on study finding and performance factors.”

“All requests go through the corporate counsel.”