Social Venture Partners Portland

“The 990 is prepared by the cpa based on reviewed financial statements. The finance team, with the help of the finance manager, reviews the 990 for accuracy and suggests any changes. The executive director then makes the final review. The 990 is then distributed to the full board of directors for their approval to file.”

“Prior to entering into a transaction or arrangement that might benefit the private interest of an officer or director of the corporation or might result in a possible excess benefit transaction, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of teams with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, the interested person shall leave the governing board or team meeting, in which the determination of a conflict of interest is discussed and voted upon. The remaining board or team members shall decide if a conflict of interest exists. Each director, principal officer, and member of a team with governing board delegated powers shall annually sign a statement which affirms such person: has received a copy of the conflict of interest policy; has read and understands the policy; agrees to comply with the policy; and understands that the corporation is tax-exempt and in order to maintain its federal tax exemption in must engage primarily in activities that accomplish one or more of its tax-exempt purposes.”

“In order to determine a fair and competitive range for staff salaries, we use data published by the mbl group (mbl). The following criteria was reviewed and approved by the executive committee and applies to all staff. 1) salaries typically range from 10% below to 10% above the average of three salary values reported by mbl for the position or positions most closely resembling each svp portland position, rounded to the nearest one thousand. The initial salary will be within this range, and will take into account experience and demonstrated success. Since the mbl is updated regularly, cost of living adjustments are included in the mbl base salary ranges. A reanalysis of mbl salary ranges vs. Actual base salaries will be updated annually. This range will serve as a guide for hiring and subsequent discussion of increases on the annual anniversary of an employee's hiring or last promotion. 2) merit salary adjustments are based on performance against annual operational plans and goals (kpis) tied to each role, as well as results of performance reviews, within the position's range (see #1). 3) one-time bonuses: under exceptional circumstances, a bonus may be given. This bonus is to recognize the resilience and high performance of staff, especially in spite of adversity. Since this cannot be anticipated, the executive director is accountable for determining these bonuses. 4) a competitive, comprehensive benefit package is available for all current employees, based upon fte, but is subject to change. Each employee's salary is reassessed annually by the employee's manager, or board of directors in the case of the executive director, subsequent to the 360 review process. Prior to this, all salary ranges are evaluated by a partner team, led by an svp director, and communicated to appropriate staff (manager, executive director, finance & hr, based on mbl data) to implement changes as appropriate.”

“Svp portland makes its governing documents and financial statements available on its website and upon request.”

“The process has not changed from the prior year.”