Form 990, Part VI, Section A, line 6 |
The sole Member of New Life Centers of Chicagoland shall be New Life Community Church. New Life Community Church shall be entitled to one vote on each matter specifically reserved to the Membership in the bylaws. The approval of the Member shall be required for the following: 1) Any merger, dissolution, or liquidation of the Corporation 2) Any amendments to the Articles of Incorporation or the bylaws 3) The creation of subsidiary corporations 4) Appointment of up to half of the Directors to the Corporation's Board of Directors, provided that at no time may the Corporation's Board of Directors consist of more than half of Directors appointed by the Member. |
Form 990, Part VI, Section A, line 7a |
See explanation for Form 990, Part VI, Section A, Line 6. |
Form 990, Part VI, Section A, line 7b |
See explanation for Form 990, Part VI, Section A, Line 6. |
Form 990, Part VI, Section B, line 11b |
Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's Finance Committee. The reviewed Form 990 is then provided to board of directors prior to filing with the IRS. |
Form 990, Part VI, Section B, line 12c |
The organization requires all officers and board members to annually complete and sign a conflict of interest questionnaire. The Board President is responsible for reviewing the signed statements and ensuring that interested persons are in compliance with the conflict of interest policy. The Board Secretary reviews the Board President's statement. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. |
Form 990, Part VI, Section B, line 15a |
15a- The Board of Directors, composed of independent persons, reviews the compensation package of the Executive Director using market comparability data for similar organizations. The board votes on the proposed compensation package as part of the annual budget process. This process is documented in the corporate minutes and was last completed during the fiscal year. 15b- The organization does not compensate any other officers or key employees. Therefore, this question was answered "no" in accordance with the instructions. |
Form 990, Part VI, Section C, line 19 |
The governing documents, conflict of interest policy and financial statement are available upon request. |