FORM 990, PART VI, SECTION A, LINE 6 |
KEDB CONSISTS OF DIRECTING MEMBERS, SUSTAINING MEMBERS, AND CONTRIBUTING MEMBERS, DEPENDING ON AMOUNT OF DUES PAID FOR MEMBERSHIP. |
FORM 990, PART VI, SECTION A, LINE 7A |
EACH NEW MEMBER IS SUBJECT TO BOARD APPROVAL WITH THE BOARD MADE UP OF THE DIRECTING MEMBERS, THE SUSTAINING MEMBER DIRECTORS AND THE AT-LARGE DIRECTORS. THE OFFICERS OF THE CORPORATION ARE ELECTED BY THE BOARD OF DIRECTORS. |
FORM 990, PART VI, SECTION B, LINE 11B |
THE PRESIDENT AND THE ENTIRE FINANCE COMMITTEE REVIEWS THE FORM 990 AND MAKES A RECOMMENDATION TO THE EXECUTIVE COMMITTEE FOR APPROVAL BEFORE SUBMISSION TO THE IRS. |
FORM 990, PART VI, SECTION B, LINE 12C |
THE POLICY IS REVIEWED AND SIGNED ANNUALLY BY THE OFFICERS, DIRECTORS AND KEY EMPLOYEES OF THE ORGANIZATION. |
FORM 990, PART VI, SECTION B, LINE 15 |
THE CHAIR CONVENES A COMPENSATION COMMITTEE AT THE END OF THE CALENDAR YEAR, MADE UP OF THE CHAIR, VICE CHAIR AND THE FINANCE COMMITTEE CHAIR, WHO REVIEW THE ANNUAL JOB PERFORMANCE (PREPARED BY THE CHAIR) OF THE PRESIDENT AND CEO. THE COMMITTEE DETERMINES A REASONABLE AMOUNT OF PAY INCREASE AND/OR BONUS, IF JUSTIFIED. THE JOB PERFORMANCE REVIEW BECOMES PART OF THE PERSONNEL FILE FOR THIS EMPLOYEE. THE SAME COMMITTEE WOULD MEET TO REVIEW APPLICATIONS FOR THE JOB OF PRESIDENT AND CEO IF NECESSARY, USING COMPARABLE DATA FROM OTHER ECONOMIC DEVELOPMENT BOARDS AND THE FINANCIAL SITUATION OF KEDB TO DETERMINE COMPENSATION. |
FORM 990, PART VI, SECTION C, LINE 19 |
UPON REQUEST, THE ADMINISTRATIVE ASSISTANT MAKES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE FOR REVIEW IN THE OFFICE. |