Hydrocephalus Association Incorporated

“According to our bylaws, the executive committee, unless limited in a resolution of the baord, shall have and may exercise all of the authority of the board in the management of the business and affairs of the corporation between meetings of the board. The executive committee is composed of 1) barrett o'connor, chairman 2) craig brown, senior vice chairman 3) david browdy, vice chair 4) aseem chandra, vice chair 5) rick smith, treasurer 6) paul gross, secretary/past chair. Every executive committee member is on the governing board.”

“All board members receive an electronic or paper copy of the irs form 990 prior to its submission. Board members must submit any questions or changes to the chief executive officer, who submits the changes to the tax preparer.”

“Each year board members get a copy of the conflict of interest policy and a disclosure form to fill out with details of ant any possible conflicts that may exist. Conflicts are reviewed at each board meeting.”

“The process for determining the compensation for the chief executive officer (who is also in charge of financial management of the organization) position includes the following steps: 1) the board chair and chief executive officer each collect comparable salary information (e.g., salary studies). 2) the salary comparison information is forwarded to the treasurer who documents findings from the data collected. 3) the treasurer makes a recommendation for ceo compensation to the full board. 4) board members (without a conflict of interest) vote on the recommendation by the treasurer for proposed ceo compensation, and a record of the vote is recorded in board minutes. Other salaries of senior managers are benchmarked using current salary survey data; our goal is to provide the median salary provided by similar organizations. This process is followed on a periodic basis for the ceo, based on contract renewal dates.”

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

“Miscellaneous expense: program service expenses 4,675. Management and general expenses 137. Fundraising expenses 3,667. Total expenses 8,479. Employee education: program service expenses 3,349. Management and general expenses 2,203. Fundraising expenses 1,883. Total expenses 7,435. Prize/award: program service expenses 1,547. Management and general expenses 280. Fundraising expenses 5,278. Total expenses 7,105.”

“The audit committee selects and oversees an independent accounting firm to conduct the audit. No change in the selction method occurred this year.”