SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2012
Open to Public
Inspection
Name of the organization
SOUTH BRONX OVERALL ECONOMIC DEVELOPMENT CORP
 
Employer identification number

13-2736022
Identifier Return Reference Explanation
Board Review of 990 PART VI, SECTION B, LINE 11 A DRAFT COPY OF THE 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BOARD. THE BOARD REVIEWES THE 990 AND MAKES RECOMMENDATIONS FOR CHANGES. THE BOARD THEN APPROVES THE FINAL RETURN BEFORE IT IS SUBMITTED TO THE IRS.
Conflict of Interest Policy PART VI, SECTION B, LINE 12C ANNUALLY A CONSULTANT REVIEWS THE CONFLICT OF INTEREST POLlCY WHICH ARE REQUIRED TO BE SIGNED BY ALL BOARD MEMBERS AND EMPLOYEES INCLUDING DIRECTORS, KEY EMPLOYEES AND OFFICERS IF ANY CONFLICTS EXIST, THEY ARE REPORTED TO THE PRESIDENT. THE PRESIDENT REPORTS ANY CONFLICTS TO THE BOARD CHAIRMAN IF A CONFLICT EXISTS THE PARTY MUST RECUSE THEMSELVES FROM DELIBERATIONS.
Compensation Determination PART VI, SECTION B, LINE 15 THROUGHOUT SOBRO, COMPENSATION IS MARKET-BASED AND SET AT LEVELS THAT A) ATTRACT QUALIFIED CANDIDATES FOR ANY GIVEN POSITION, AND B) ENCOURAGE TOP PERFORMERS TO STAY. THE CHAIRMAN OF THE BOARD AND THE OTHER MEMBERS OF THE BOARD'S EXECUTIVE COMMITTEE REGULARLY REVIEW THE OFFICERS' OR CEO'S OVERALL EFFECTIVENESS AND PERFORMANCE AGAINST GOALS IN THE STRATEGIC PLAN, AND IF THEIR COMPENSATION IS TO BE RE-SET, A MEMO IS PREPARED IN ADDITION TO DOCUMENTING THE OFFICERS' OR CEO'S PERFORMANCE, THE MEMO ASSURES THE BOARD THAT THE RE-SET COMPENSATION IS A) IN KEEPING WITH THE SALARIES BEING PAID TO THE HEADS OF NEW YORK-AREA NOT-FOR-PROFITS WITH SIMILAR MISSION-RELATED COMPLEXITIES, BUDGETS AND NUMBERS OF EMPLOYEES, AND B) WITHIN THE RANGES OF REFERENCE SOURCES SUCH AS THE MOST-RECENT GUIDESTAR NONPROFIT COMPENSATION REPORT, WHICH SUMMARIZES COMPENSATION DATA FROM IRS FORM 990 FILINGS BY CATEGORIES OF NOT-FOR-PROFIT OFFICERS. THIS PROCESS WAS LAST PERFORMED IN 2009
Document Availability PART VI, SECTION C, LINE 19 SOUTH BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST
ALLOCATION OF HOURS TO RELATED ORGANIZATIONS PART VII, SECTION A, LINE 1A PHILLIP MORROW - 23 HOURS GERARD WEIBRECHT - 23 HOURS CHRISTIE ALCID - 23 HOURS LOURDES ZAPATA - 23 HOURS NILZA IRIS OYALA - 23 HOURS
oversight committee part xii line 2c the process has not changed from the prior year.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2012

Additional Data


Software ID:  
Software Version: