| FORM 990, PART VI, SECTION B, LINE 11B |
THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS FORM 990. A COPY OF FORM 990 IS THEN DISTRIBUTED TO ALL GOVERNING BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C |
OPB ANNUALLY COLLECTS AND REVIEWS CONFLICT OF INTEREST DISCLOSURE FORMS FROM ALL DIRECTORS, OFFICERS AND KEY EMPLOYEES. WHEN AN ANNUAL DISCLOSURE FORM INDICATES THE EXISTENCE OF A CONFLICT OF INTEREST OR A POTENTIAL CONFLICT (OR WHEN A CONFLICT IS OTHERWISE DISCOVERED OR REPORTED), THE BOARD CHAIR, THE PRESIDENT AND/OR THE GOVERNANCE COMMITTEE CONDUCT A REVIEW. CONFLICTED INDIVIDUALS MAY PROVIDE INFORMATION BUT MAY NOT PARTICIPATE IN THE DECISION-MAKING PROCESS FOR SUCH TRANSACTIONS. A TRANSACTION INVOLVING A CONFLICT OF INTEREST MAY BE APPROVED BY THE BOARD IF THE MATERIAL FACTS ARE FULLY DISCLOSED AND THE INDEPENDENT DIRECTORS APPROVE THE TRANSACTION IN GOOD FAITH. BEFORE ENTERING INTO CONTRACTS WITH OUTSIDE VENDORS, OPB'S FINANCE AND LEGAL DEPARTMENTS REVIEW WHETHER A CONFLICT OF INTEREST COULD RESULT FROM THE PROPOSED TRANSACTION. UNLESS A CONFLICT OF INTEREST HAS BEEN REVIEWED AND APPROVED BY THE BOARD, EACH OPB SERVICE AGREEMENT WITH OUTSIDE VENDORS REQUIRES THE VENDOR TO ATTEST THAT NO SUCH CONFLICT EXISTS. OPB WILL DOCUMENT IN BOARD MINUTES ANY DECISIONS RELATED TO TRANSACTIONS INVOLVING ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 |
THE HUMAN RESOURCES (HR) COMMITTEE OF THE BOARD OF DIRECTORS DETERMINES THE RECOMMENDED COMPENSATION (MERIT INCREASE AND BONUS) FOR THE CEO AND CFO, AND THEIR RECOMMENDATION IS REVIEWED AND APPROVED BY THE FULL BOARD OF DIRECTORS. THE HR COMMITTEE ALSO REVIEWS COMPREHENSIVE COMPENSATION INFORMATION FOR ALL SENIOR MANAGEMENT EMPLOYEES. IN ALL CASES, THE HR COMMITTEE PROCESS INCLUDES REVIEW OF COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISIONS. THE HR COMMITTEE RECOMMENDS AND THE BOARD OF DIRECTORS APPROVES A BUDGETARY POOL OF FUNDS FOR THE CEO TO AWARD MERIT INCREASES AND BONUSES AT HIS DISCRETION TO SENIOR MANAGEMENT EMPLOYEES, BASED ON INDIVIDUAL PERFORMANCE AND WITHIN THE PARAMETERS OF POSITION SALARY RANGES. THESE MERIT INCREASES AND BONUSES FOR SENIOR MANAGEMENT EMPLOYEES ARE ALSO APPROVED BY THE CHAIR OF THE BOARD OF DIRECTORS. CEO COMPENSATION WAS LAST APPROVED DECEMBER 2018; CFO AND OTHER SENIOR MANAGEMENT COMPENSATION WAS LAST APPROVED JUNE 2019. |
| FORM 990, PART VI, SECTION C, LINE 18 |
OPB POSTS ITS MOST CURRENT FORM 990 AND FORM 990-T ONLINE AT WWW.OPB.ORG/ABOUT. OPB ALSO MAKES COPIES OF ITS FORM 990 AND FORM 990-T AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 1023 IS MADE AVAILABLE UPON REQUEST. |
| FORM 990, PART VI, SECTION C, LINE 19 |
OPB MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. OPB POSTS ITS MOST CURRENT AUDITED FINANCIAL STATEMENTS ONLINE AT WWW.OPB.ORG/ABOUT AND ALSO MAKES COPIES AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: |
ACTUARIAL LOSS ON CHARITABLE TRUSTS AND GIFT ANNUITIES 74,410. DIFFERENCE IN INCOME FROM LLCS PER BOOKS/ACTUAL K-1S -22,426. |
Attach to Form 990 or 990-EZ.