TY 2021 Form 990 Schedule O

efile Public Visual Render ObjectId: 202300659349301505 - Submission: 2023-03-06 TIN: 36-2597741

SCHEDULE O
(Form 990)

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.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization

COMMUNITY AND ECONOMIC DEVELOPMENT
ASSOCIATION OF COOK COUNTY INC

Employer identification number

36-2597741

Return Reference	Explanation
FORM 990, PART VI, SECTION B, LINE 11B	THE FORM 990 IS PREPARED AND REVIEWED BY THE ORGANIZATION'S TAX PREPARERS AND MANAGEMENT. A COPY OF THE FORM 990 IS PROVIDED TO THE FULL GOVERNING BODY FOR REVIEW PRIOR TO FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C	CEDA HAS A CONFLICT OF INTEREST POLICY STATEMENT THAT IS INCLUDED IN THE BYLAWS OF THE BOARD OF DIRECTORS, THE PROCUREMENT MANUAL, AND THE ACCOUNTING POLICIES AND PROCEDURAL MANUAL. CEDA'S PROCEDURES REQUIRE ATTESTATION BY EACH OFFICER, DIRECTOR AND KEY EMPLOYEE THAT THEY HAVE NO CONFLICT OF INTEREST. THIS IS PERFORMED ANNUALLY, DOCUMENTED AND MONITORED ON A REGULAR BASIS. SHOULD A CONFLICT ARISE, THE BOARD MEMBER INVOLVED WOULD BE PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THIS TRANSACTION.
FORM 990, PART VI, SECTION B, LINE 15	THE CEO COMPENSATION WAS CONFIRMED BY THE BOARD OF DIRECTORS AND THIS IS DOCUMENTED IN THE BOARD MINUTES. A THIRDPARTY FIRM PROVIDED SALARY INFORMATION TO ASSIST THE BOARD WITH THE DECISION. THE CEO ESTABLISHES THE SALARY OF THE OTHER OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION UTILIZING SALARY DATA OBTAINED FROM AN INDEPENDENT COMPENSATION CONSULTANT.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES THE FORM 990 AVAILABLE BY REQUEST AND ALSO INFORMS THE PUBLIC THAT IT IS AVAILABLE ON GUIDESTAR'S WEBSITE. THE ORGANIZATION MAINTAINS ITS OWN WEBSITE TO INFORM THE PUBLIC ABOUT ITS ORGANIZATION AND PROGRAMS AND OTHER ACTIVITIES. IF ANY INFORMATION ABOUT THE GOVERNING DOCUMENTS OR THE CONFLICT OF INTEREST POLICY OF THE ORGANIZATION IS NEEDED THEN THE PUBLIC IS ENCOURAGED TO OBTAIN IT FROM THE ORGANIZATION UPON REQUEST.
FORM 990, PART XII, LINE 2C	THE AUDIT SELECTION PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.

Return Reference

Explanation

FORM 990, PART VI, SECTION B, LINE 11B

THE FORM 990 IS PREPARED AND REVIEWED BY THE ORGANIZATION'S TAX PREPARERS AND MANAGEMENT. A COPY OF THE FORM 990 IS PROVIDED TO THE FULL GOVERNING BODY FOR REVIEW PRIOR TO FILING WITH THE IRS.

FORM 990, PART VI, SECTION B, LINE 12C

CEDA HAS A CONFLICT OF INTEREST POLICY STATEMENT THAT IS INCLUDED IN THE BYLAWS OF THE BOARD OF DIRECTORS, THE PROCUREMENT MANUAL, AND THE ACCOUNTING POLICIES AND PROCEDURAL MANUAL. CEDA'S PROCEDURES REQUIRE ATTESTATION BY EACH OFFICER, DIRECTOR AND KEY EMPLOYEE THAT THEY HAVE NO CONFLICT OF INTEREST. THIS IS PERFORMED ANNUALLY, DOCUMENTED AND MONITORED ON A REGULAR BASIS. SHOULD A CONFLICT ARISE, THE BOARD MEMBER INVOLVED WOULD BE PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THIS TRANSACTION.

FORM 990, PART VI, SECTION B, LINE 15

THE CEO COMPENSATION WAS CONFIRMED BY THE BOARD OF DIRECTORS AND THIS IS DOCUMENTED IN THE BOARD MINUTES. A THIRDPARTY FIRM PROVIDED SALARY INFORMATION TO ASSIST THE BOARD WITH THE DECISION. THE CEO ESTABLISHES THE SALARY OF THE OTHER OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION UTILIZING SALARY DATA OBTAINED FROM AN INDEPENDENT COMPENSATION CONSULTANT.

FORM 990, PART VI, SECTION C, LINE 19

THE ORGANIZATION MAKES THE FORM 990 AVAILABLE BY REQUEST AND ALSO INFORMS THE PUBLIC THAT IT IS AVAILABLE ON GUIDESTAR'S WEBSITE. THE ORGANIZATION MAINTAINS ITS OWN WEBSITE TO INFORM THE PUBLIC ABOUT ITS ORGANIZATION AND PROGRAMS AND OTHER ACTIVITIES. IF ANY INFORMATION ABOUT THE GOVERNING DOCUMENTS OR THE CONFLICT OF INTEREST POLICY OF THE ORGANIZATION IS NEEDED THEN THE PUBLIC IS ENCOURAGED TO OBTAIN IT FROM THE ORGANIZATION UPON REQUEST.

FORM 990, PART XII, LINE 2C

THE AUDIT SELECTION PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2021

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