| FORM 990, PART VI, SECTION A, LINE 3 |
SCB DELEGATES DAY-TO-DAY OPERATIONS AND CONTROL OF THE 4001 BLUE PARKWAY OFFICE BUILDING AND THE SHOPS ON BLUE PARKWAY TO A MANAGEMENT COMPANY, COLLIERS INTERNATIONAL. COLLIERS SUPERVISES PERSONNEL AND IS RESPONSIBLE FOR BUDGETS AND FINANCIAL MANAGEMENT OF THESE COMMERCIAL AND RETAIL PROPERTIES. SCB MANAGEMENT PROVIDES OVERSIGHT OF COLLIERS' EXECUTION OF ITS MANAGEMENT DUTIES. NONE OF SCB'S CURRENT OR FORMER OFFICERS, DIRECTORS, KEY EMPLOYEES OR HIGHEST COMPENSATED EMPLOYEES WERE COMPENSATED BY THESE PROPERTIES. |
| FORM 990, PART VI, SECTION A, LINE 6 |
THE ORGANIZATION HAS A SOLE MEMBER WHICH IS SWOPE COMMUNITY ENTERPRISES, A NONPROFIT 501(C)(3) ORGANIZATION, WHO APPROVES ALL DIRECTORS AND MATERIAL TRANSACTIONS OF SCB. |
| FORM 990, PART VI, SECTION A, LINE 7A |
THE ORGANIZATION HAS A SOLE MEMBER WHICH IS SWOPE COMMUNITY ENTERPRISES, A NONPROFIT 501(C)(3) ORGANIZATION, WHO APPROVES ALL DIRECTORS AND MATERIAL TRANSACTIONS OF SCB. |
| FORM 990, PART VI, SECTION A, LINE 7B |
THE ORGANIZATION HAS A SOLE MEMBER WHICH IS SWOPE COMMUNITY ENTERPRISES, A NONPROFIT 501(C)(3) ORGANIZATION, WHO APPROVES ALL DIRECTORS AND MATERIAL TRANSACTIONS OF SCB. |
| FORM 990, PART VI, SECTION B, LINE 11 |
THE ORGANIZATION PRESENTS AND DISCUSSES A DRAFT OF ITS FORM 990 WITH THE ORGANIZATION'S SENIOR MANAGEMENT, AS WELL AS THE BOARD OF DIRECTORS. COMMENTS AND QUESTIONS OF THE REVIEWING INDIVIDUALS ARE ADDRESSED BY THOSE RESPONSIBLE FOR PREPARING THE FORM 990, AND APPROPRIATE MODIFICATIONS ARE MADE TO THE DRAFT BEFORE IT IS FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C |
ALL DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED ANNUALLY TO COMPLETE THE CONFLICT OF INTEREST DISCLOSURE FORM AND PROVIDE PERIODIC UPDATES TO THE FORM AS MAY BE NECESSARY. ALL COMPLETED FORMS AND PERIODIC UPDATES ARE PROVIDED TO GENERAL COUNSEL FOR THE CORPORATION FOR REVIEW AND SUBMISSION TO MEMBERS OF THE BOARD OF DIRECTORS. CONFLICTS IDENTIFIED THROUGH THIS PROCESS WILL REQUIRE RECUSAL OF THE DIRECTOR, OFFICER, OR KEY EMPLOYEE WHERE APPROPRIATE. |
| FORM 990, PART VI, SECTION B, LINE 15 |
THE ORGANIZATION'S BOARD OF DIRECTORS UTILIZES THE SCE COMPENSATION COMMITTEE, WHICH IS A STANDING COMMITTEE OF THE BOARD OF DIRECTORS OF SWOPE COMMUNITY ENTERPRISES. IN 2013, THE COMPENSATION COMMITTEE CONSISTED OF FIVE INDEPENDENT DIRECTORS. THIS COMMITTEE PERIODICALLY REVIEWS AND MAKES RECOMMENDATIONS TO THE FULL BOARD OF DIRECTORS REGARDING COMPENSATION OF THE GROUP OF EMPLOYEES WHICH INCLUDES THE PRESIDENT, OTHER KEY EMPLOYEES OF THE ORGANIZATION AND CERTAIN OF ITS MEMBERS/AFFILIATES. THE COMPENSATION COMMITTEE RETAINS INDEPENDENT LEGAL COUNSEL, AND ALSO ENGAGES AN INDEPENDENT COMPENSATION CONSULTANT TO ADVISE AND ASSESS THE REASONABLENESS OF THE COMPENSATION FOR THIS GROUP OF EMPLOYEES. IN 2013, THE COMPENSATION COMMITTEE MET THREE TIMES AND CONSIDERED COMPARABILITY DATA RELATED TO THE BASE AND TOTAL COMPENSATION PAID TO SIMILARLY SITUATED EXECUTIVES AT SIMILAR ENTITIES, AS PRESENTED BY ITS INDEPENDENT COMPENSATION CONSULTANT, AND CONTEMPORANEOUSLY DOCUMENTED ITS DECISIONS AND DELIBERATIONS. NONE OF THE EMPLOYEES IN THE GROUP OF OFFICERS AND KEY EXECUTIVES WHOSE COMPENSATION WAS DISCUSSED, PARTICIPATED IN THE COMMITTEE'S DELIBERATIONS PERTAINING TO HIS/HER OWN COMPENSATION. |
| FORM 990, PART VI, SECTION C, LINE 19 |
THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE ON REQUEST. FORM 990 IS ALSO AVAILABLE ON REQUEST AND CAN BE LOCATED ON THE GUIDESTAR WEBSITE. |
| FORM 990, PART XI, LINE 9: |
NET ASSETS TRANSFERRED IN MERGER OF APPLIED URBAN RESEARCH INSTITUTE (AURI) 1,238,762. |
| FORM 990, PART XII, LINE 2C |
THE SCB BOARD OF DIRECTORS ASSUMES RESPONSIBILITY OF THE AUDIT PROCESS, INCLUDING REVIEWING AND DISCUSSING THE RESULTS OF THE AUDIT WITH THE INDEPENDENT ACCOUNTANT AS WELL AS THE SELECTION AND ENGAGEMENT OF THE INDEPENDENT ACCOUNTANT (IN CONJUNCTION WITH THE FINANCE AND AUDIT COMMITTEE OF SWOPE COMMUNITY ENTERPRISES, PARENT AND SOLE MEMBER OF SCB). |
Attach to Form 990 or 990-EZ.