Special Olympics Southern California Inc

“The executive committee is composed of the following members: richard villa, board chair rick van kirk, vice chair roger nieves, treasurer nancy swanson, secretary kelly pond, president & ceo janet rose, cfo jennifer pettit, board member amie bisiup, assistant secretary joseph gorin, board member caren roberson, board member christine spino, board member scott gregory, board member alan martin, board member david halberstadter, board member justin wong, board member karen van kirk, board member rob friedman, world games legacy”

“Form 990 is first reviewed by the svp and cfo. A copy is then provided to all board members for review and comment prior to filing.”

“Questionnaires with the list of vendors over $5,000 and disclosure forms are sent annually to all officers, directors and key employees by the cfo. They are to read it, make disclosures if necessary and sign it. The forms are reviewed by the cfo. The cfo's conflict of interest report is reviewed by the ceo. Conflicts will be reviewed by the executive committee. The cfo monitors the policy.”

“The compensation committee for the board of directors reviews and approves compensation (salary and benefits) of the ceo, independently, without participation of the interested person, to ensure that it is just and reasonable. The review and approval occurs at the time of initial hiring, when their term is renewed or extended and when the compensation is modified. Compensation data from other so chapters is used to determine the compensation of the ceo independently, without the participation of interested persons. Kelly pond was hired in february 2023 and at the time of hiring there was a offer letter that was created by the board. Amount of compensation was determined using information from the salary survey that was completed at the end of 2022. Salary was adjusted for 2024 based upon performance and comparison to ceo salary at other so chapters. Form 990, part vi, section b, line 15b: when officers are originally hired the ceo uses comparability data to determine a reasonable compensation independently, without the participation of inter ested persons. Any salary increases are based on performance reviews and market information where available.”

“Audited financial statements and form 990 are available on the organization's website: sosc.org. Conflict of interest policy and governing documents are available upon request.”

“Sosc's expenses exceeded revenue because the organization used surplus funds carried over from previous years. These surpluses were largely due to state of california funding received in a prior year, which was intended for use in current and subsequent years.”

“No processes have changed from the prior year.”