| FORM 990, PART VI, SECTION A, LINE 4 |
SIGNIFICANT CHANGES TO GOVERNING DOCUMENTS ADDED LANGUAGE TO BYLAWS REGARDING CHAIR/IMMEDIATE PAST CHAIR TERM STATING THE CHAIR SHALL REMAIN ON THE BOARD AND SERVE AS THE IMMEDIATE PAST CHAIR FOR A MAXIMUM OF TWO YEARS SUBSEQUENT TO THEIR TERM AS CHAIR. |
| FORM 990, PART VI, SECTION B, LINE 11B |
FORM 990 REVIEW PROCESS PRIOR TO FILING FORM 990 WITH THE IRS, THE RETURN IS REVIEWED IN DETAIL BY THE FINANCE DIRECTOR AND THE FINANCE COMMITTEE BEFORE BEING PRESENTED TO THE MEMBERS OF THE BOARD FOR FINAL APPROVAL. |
| FORM 990, PART VI, SECTION B, LINE 12C |
COMPLIANCE WITH CONFLICT OF INTEREST POLICY OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST TO THE BOARD CHAIR ANNUALLY, INCLUDING BOARD MEMBERSHIPS ON, SUBSTANTIAL FINANCIAL INTERESTS IN, OR EMPLOYMENT OF THE OFFICER, DIRECTOR OR KEY EMPLOYEE OR A RELATIVE OF THE OFFICER, DIRECTOR OR KEY EMPLOYEE BY ANY ORGANIZATION DOING BUSINESS WITH THE AGENCY. THE CHAIR DETERMINES WHETHER UNACCEPTABLE CONFLICTS EXIST AND ARRANGES WITH THE OFFICER, DIRECTOR OR KEY EMPLOYEE TO CEASE ANY INAPPROPRIATE ACTIVITY. UNSETTLED MATTERS ARE REPORTED TO THE BOARD FOR APPROPRIATE ACTION. |
| FORM 990, PART VI, SECTION B, LINE 15A & 15B |
PROCESS FOR DETERMINING COMPENSATION PROVIDENT, INC. CONDUCTS A SALARY SURVEY AT LEAST EVERY OTHER YEAR AND COMPARES ITS RATE OF PAY WITH OTHER SIMILAR ORGANIZATIONS. THE BOARD OF DIRECTORS SETS THE SALARY FOR THE EXECUTIVE DIRECTOR AND MONITORS AND EVALUATES PERFORMANCE ANNUALLY. FOR OTHER OFFICERS AND KEY EMPLOYEES, PROVIDENT PERFORMS ANNUAL PERFORMANCE REVIEWS WHICH ARE ASSIGNED A NUMERICAL AVERAGE WHICH THEN DICTATES THE SUGGESTED AMOUNT OF SALARY ADJUSTMENT FOR A GIVEN POSITION. MANAGERS THEN COMPARE THE RECOMMENDED SALARY ADJUSTMENT AGAINST THEIR EXPECTATIONS AND SALARY SURVEY RESULTS FROM COMPARABLE ORGANIZATIONS AND SUGGEST ANY SALARY ADJUSTMENT. SUGGESTIONS FOR SALARY ADJUSTMENT ARE REVIEWED BY THE HUMAN RESOURCES DEPARTMENT AND APPROVED BY THE EXECUTIVE DIRECTOR AND DIRECTOR OF FINANCE JOINTLY. AAIM PERFORMED THE LAST COMPENSATION REVIEW IN JUNE 2016. |
| FORM 990, PART VI, SECTION C, LINE 19 |
PROCESS FOR MAKING DOCUMENTS AVAILABLE TO PUBLIC AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON OUR WEBSITE. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST. |
| FORM 990, PART XI, LINE 9 |
OTHER CHANGES IN NET ASSETS OR FUND BALANCE CHANGE IN BENEFICIAL INTEREST IN TRUSTS $118,942 PENSION RELATED CHANGES OTHER THAN PERIODIC PENSION COST (249,500) -------- TOTAL (130,558) |
| FORM 990, PART XI, LINE 8 |
PRIOR PERIOD ADJUSTMENTS THE 2016 FINANCIAL STATEMENTS HAVE BEEN RESTATED FOR RECOGNITION OF PROVIDENT'S BENEFICIAL INTEREST IN TWO TRUSTS WHERE PROVIDENT HAS THE IRREVOCABLE RIGHT TO RECEIVE A PERCENTAGE OF THE INCOME FROM THE TRUSTS. AS A RESULT OF THE RESTATEMENT, THE TOTAL IMPACT ON THE 2016 NET ASSETS WAS AN INCREASE OF $952,156. |
Attach to Form 990 or 990-EZ.