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 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2016
Open to Public
Inspection
Name of the organization
GREATER LOUISVILLE SPORTS COMMISSION INC
 
Employer identification number

61-1365860
Return Reference Explanation
FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING. THE FORM 990 IS ALSO REVEIWED BY THE TREASURER, EXECUTIVE DIRECTOR AND OFFICE MANAGER PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT AFTER READING THE CONFLICT OF INTEREST POLICY. IF A CONFLICT EXISTS, THE BOARD SHALL DETERMINE WHETHER THE CORPORATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, THE BOARD SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. THERE WERE NO CONFLICTS OF INTEREST NOTED DURING THE FISCAL YEAR.
FORM 990, PART VI, SECTION B, LINE 15 THE CHAIRMAN RECOMMENDS THE ORGANIZATION'S CEO SALARY TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE EITHER APPROVES OR DENIES THE SALARY. COMPARABLE DATA IS USED AND THE COMPENSATION SETTING PROCESS IS DOCUMENTED. THE ORGANIZATION DOES NOT COMPENSATE ANY OTHER OFFICERS OR KEY EMPLOYEES.
FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, WHISTLEBLOWER POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. THERE IS A FINANCE COMMITTEE IN PLACE THAT REVIEWS ALL FINANCIAL DOCUMENTS AND AUDIT INFORMATION. THE CHAIR OF THE FINANCE COMMITTEE IS THE OFFICIAL TREASURER OF THE ORGANIZATION AND THE OTHER MEMBERS ARE HIGHLY ESTEEMED FINANCIAL ADVISORS, INCLUDING SEVERAL CPAS.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2016


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