2022-11-14T16:15:59-06:00 2021-12-31 521711839 COUNCILOR BUCHANAN & MITCHELL PC 7910 WOODMONT AVE STE 500 BETHESDA MD 20814 990 2021-01-01 522023392 WOMEN'S BUSINESS ENTERPRISE NATIONAL COUNCIL WOME 2028725515 1120 CONNECTICUT AVENUE NW 1000 WASHINGTON DC 20036 PAMELA PRINCE-EASON PRESIDENT/CEO 2028725515 2022-11-11 1 PAMELA PRINCE-EASON 999009999 HOLLY CAPORALE P00235685 3019860600 2022-11-13 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z WBENC PAMELA PRINCE-EASON 1120 CONNECTICUT AVENUE NW 1000 WASHINGTON DC 20036 10977685 0 X WWW.WBENC.ORG X 1997 DC WBENC'S MISSION IS TO FUEL ECONOMIC GROWTH GLOBALLY BY IDENTIFYING, CERTIFYING, AND FACILITATING THE DEVELOPMENT OF WOMEN-OWNED BUSINESSES. 76 75 26 0 0 0 3547905 4383911 4568726 6023656 25133 5541 0 0 8141764 10413108 2256570 1694624 0 0 3683803 4067495 0 0 119704 1930520 1880920 7870893 7643039 270871 2770069 7976016 11326059 3611083 4194172 4364933 7131887 X WBENC'S MISSION IS TO FUEL ECONOMIC GROWTH GLOBALLY BY IDENTIFYING, CERTIFYING, AND FACILITATING THE DEVELOPMENT OF WOMEN-OWNED BUSINESSES. 0 0 2163040 1498724 78071 CERTIFICATION - THE FOUNDATION OF WBENC'S MISSION IS TO PROVIDE WOMEN-OWNED BUSINESS CERTIFICATION SERVICES TO WOMEN'S BUSINESS ENTERPRISES (WBES). CERTIFICATION AUDITS VET WHETHER OR NOT WBES MEET THE STANDARDS OF BEING AT LEAST 51% OWNED, OPERATED, AND CONTROLLED BY A WOMAN OR WOMEN. IN ADDITION TO THE PERFORMANCE OF CERTIFICATION SERVICES, WBENC PROVIDES EDUCATIONAL AND NETWORKING OPPORTUNITIES TO CERTIFIED WBES. 730502 635788 VIRTUAL SUMMIT & SALUTE EVENT - IN 2021, DUE TO THE COVID-19 PANDEMIC, WBENC HELD A VIRTUAL SUMMIT & SALUTE EVENT IN PLACE OF THE USUAL IN-PERSON EVENT. THE EVENT SPANNED THE MONTH OF MARCH, 2021 AND PROVIDED SEVERAL VIRTUAL EDUCATIONAL SESSIONS EACH WEEK. THE SESSIONS TARGETED THREE AUDIENCES: 1) CERTIFIED WBES WHO SEEK GUIDANCE, SUPPORT AND NETWORKING AS THEY GROW THEIR BUSINESSES, 2) CORPORATE MEMBERS WHO SEEK TO NETWORK WITH CERTIFIED WBES AND TO ENHANCE THEIR OWN SUPPLIER DIVERSITY INITIATIVES, AND 3) OUTREACH PROGRAMMING TO FEMALE ENTREPRENEURS CONSIDERING CERTIFICATION. 643735 5195067 MEMBERSHIP - WBENC'S CORPORATE MEMBERSHIP BASE CONSISTS OF LARGE COMPANIES THAT SEEK TO DIVERSIFY THEIR SUPPLY CHAINS THROUGH INCLUSION OF CERTIFIED WOMEN-OWNED BUSINESSES. CORPORATE MEMBERS RECEIVE ACCESS TO WBENC'S DATABASE OF 16,000+ CERTIFIED WOMEN-OWNED BUSINESSES AND THEY MAY USE THIS DATABASE TO SEARCH FOR POTENTIAL SUPPLIERS. IN ADDITION, WBENC FACILITATES NETWORKING OPPORTUNITIES TO CONNECT CORPORATE MEMBERS TO CERTIFIED WBES AND PROVIDES EDUCATIONAL OPPORTUNITIES AIMED AT ASSISTING CORPORATE MEMBERS WITH THE DEVELOPMENT AND GROWTH OF THEIR SUPPLIER DIVERSITY INITIATIVES. 2929928 195900 114730 OTHER PROGRAMS - OTHER PROGRAM SERVICES INCLUDES THE VIRTUAL NATIONAL CONFERENCE, EXECUTIVE EDUCATION, AND OTHER PROGRAMS. EXECUTIVE EDUCATION ENCOMPASSES THE WBENC-TUCK PROGRAM, WETHRIVE, THE ENERGY EXECUTIVE PROGRAM, AND WBENC'S TWO EDUCATION SCHOLARSHIP FUNDS. OTHER PROGRAMS ENCOMPASSES OUTREACH PROGRAMS, FINANCIAL GUIDANCE AND RESOURCE PROGRAMS, AND RECOGNITION PROGRAMS. 2929928 195900 114730 6467205 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 26 0 1 26 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 76 75 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X PAMELA PRINCE-EASON 2028725515 1120 CONNECTICUT AVE NW NO 1000 WASHINGTON DC 20036 PAMELA PRINCE-EASON PRESIDENT & CEO 40.00 X X 419348 0 67467 KIMBERLY MARCUS DIRECTOR 1.00 X 0 0 0 NEDRA DICKSON DIRECTOR 1.00 X 0 0 0 EUGENE CAMPBELL DIRECTOR 1.00 X 0 0 0 JALAYNA BOLDEN DIRECTOR 1.00 X 0 0 0 CLINT GRIMES DIRECTOR 1.00 X 0 0 0 BARBARA KUBICKI-HICKS DIRECTOR 1.00 X 0 0 0 KIMBERLY THORNTON DIRECTOR 1.00 X 0 0 0 CLINT GRIMES DIRECTOR 1.00 X 0 0 0 JIM GORZALSKI DIRECTOR 1.00 X 0 0 0 STEPHANIE BEVERIDGE DIRECTOR 1.00 X 0 0 0 AJAMU JOHNSON DIRECTOR 1.00 X 0 0 0 PIYUSH BHARGAVA DIRECTOR 1.00 X 0 0 0 DAVID MORGAN DIRECTOR 1.00 X 0 0 0 DOUGLAS FISHER DIRECTOR 1.00 X 0 0 0 THERESA HARRISON DIRECTOR 1.00 X 0 0 0 SUE SPENCE DIRECTOR 1.00 X 0 0 0 JACKLYN WATT DIRECTOR 1.00 X 0 0 0 REGINALD HUMPHREY DIRECTOR 1.00 X 0 0 0 MICHAEL ROBINSON DIRECTOR 1.00 X 0 0 0 JACKIE STURM DIRECTOR 1.00 X 0 0 0 ELIZA GONAZLEZ DIRECTOR 1.00 X 0 0 0 WILLIAM KAPFER DIRECTOR 1.00 X 0 0 0 MICHELE VAN TREECK DIRECTOR 1.00 X 0 0 0 JENNIE FRIEDMAN DIRECTOR 1.00 X 0 0 0 RYAN VERBECKEN DIRECTOR 1.00 X 0 0 0 TABATHA WATSON DIRECTOR 1.00 X 0 0 0 DIANA PON DIRECTOR 1.00 X 0 0 0 PAULA RATLIFF DIRECTOR 1.00 X 0 0 0 RON NEEDHAM DIRECTOR 1.00 X 0 0 0 CASEY OAKES DIRECTOR 1.00 X 0 0 0 FERNANDO HERNANDEZ DIRECTOR 1.00 X 0 0 0 KIMBERLY PROFFITT DIRECTOR 1.00 X 0 0 0 KAREN MILLER DIRECTOR 1.00 X 0 0 0 MARY MCEVOY DIRECTOR 1.00 X 0 0 0 MICHAEL HOFFMAN DIRECTOR 1.00 X 0 0 0 ANDY BUTLER DIRECTOR 1.00 X 0 0 0 SHARON BLACK DIRECTOR 1.00 X 0 0 0 FERNANDO HERNANDEZ DIRECTOR 1.00 X 0 0 0 SYLVESTER JOHNSON DIRECTOR 1.00 X 0 0 0 RICK WERTSCHING DIRECTOR 1.00 X 0 0 0 CHRIS GARRAMONE DIRECTOR 1.00 X 0 0 0 DEB SCHROEDER DIRECTOR 1.00 X 0 0 0 KRISTEN HICKEY DIRECTOR 1.00 X 0 0 0 KRIS OSWOLD DIRECTOR 1.00 X 0 0 0 PHIL SEIDLER DIRECTOR 1.00 X 0 0 0 MICHAEL BYRON DIRECTOR 1.00 X 0 0 0 BARBARA KUBICKI-HICKS DIRECTOR 1.00 X 0 0 0 PATRICIA RODRIGUEZ-CHRISTIAN DIRECTOR 1.00 X 0 0 0 PEGGY DELFABBRO DIRECTOR 1.00 X 0 0 0 SHARON REYNOLDS DIRECTOR 1.00 X 0 0 0 ANN RAMAKUMARAN DIRECTOR 1.00 X 0 0 0 JOAN LAGRASSE DIRECTOR 1.00 X 0 0 0 JANE HENRY DIRECTOR 1.00 X 0 0 0 PATRICIA MASSEY DIRECTOR 1.00 X 0 0 0 LIANNE LAMI DIRECTOR 1.00 X 0 0 0 RASHMI CHARTURVEDI DIRECTOR 1.00 X 0 0 0 SHARON SAVOCA-MAHIN DIRECTOR 1.00 X 0 0 0 VIVIAN ISAAK DIRECTOR 1.00 X 0 0 0 DEBBIE HURST DIRECTOR 1.00 X 0 0 0 PHALA MIRE DIRECTOR 1.00 X 0 0 0 ELIZABETH WALSH DIRECTOR 1.00 X 0 0 0 JANICE GREENE DIRECTOR 1.00 X 0 0 0 EMILIA DIMENCO DIRECTOR 1.00 X 0 0 0 ROZ LEWIS DIRECTOR 1.00 X 0 0 0 APRIL DAY DIRECTOR 1.00 X 0 0 0 MICHELLE RICHARDS DIRECTOR 1.00 X 0 0 0 GABY MORSE DIRECTOR 1.00 X 0 0 0 SANDRA EBERHARD DIRECTOR 1.00 X 0 0 0 NANCY ALLEN DIRECTOR 1.00 X 0 0 0 FARRYN MELTON DIRECTOR 1.00 X 0 0 0 CHERYL STEVENS DIRECTOR 1.00 X 0 0 0 JANICE BRYANT-HOWROYD DIRECTOR 1.00 X 0 0 0 DEBRA JENNINGS-JOHNSON DIRECTOR 1.00 X 0 0 0 EUGENE CAMPBELL DIRECTOR 1.00 X 0 0 0 JORGE ROMERO DIRECTOR 1.00 X 0 0 0 JILL SASSO CHIEF OPERATING OFFICER 40.00 X 242818 0 53015 PATRICIA BIRMINGHAM VP, MARKETING & TECHNOLOGY 40.00 X 311134 0 45753 LAURA TAYLOR VP, FINANCIAL SERVICES & WBE ENGAGEMENT 40.00 X 267811 0 54765 MIA DELANO VP, BUSINESS DEVELOPMENT & ENGAGEMENT 40.00 X 154312 0 23219 CHERI SIMMONS SENIOR DIRECTOR, ENGAGEMENT PROGRAMS 40.00 X 129000 0 16242 ANDREW GAECKLE SENIOR DIRECTOR, STRATEGIC FINANCIAL SERVICES 40.00 X 143089 0 22505 LINDSEY ALL SENIOR DIRECTOR, EXECUTIVE PROGRAMS 40.00 X 130000 0 43753 LAKESHA WHITE VICE PRESIDENT, CERTIFICATION 40.00 X 123000 0 10251 LAUREN HERMAN ASSISTANT CONTROLLER 40.00 X 120600 0 43221 2041112 0 380191 11 0 1 0 JACK I BENDER & SONS 1150 CONNECTICUT AVE NW SUITE 900 WASHINGTON DC 20036 PROPERTY MANAGEMENT SERVICES 382705 INTELICE SOLUTIONS LLC 50 CITIZENS WAY SUITE 410 FREDERICK MD 21701 IT MANAGED SERVICES 133650 2 485830 3898081 4383911 MEMBERSHIP DUES 990009 5195067 5195067 CONFERENCE AND MEETING 990009 635788 635788 CONTRACTUAL SERVICES 990009 114730 114730 CERTIFICATION FEES 990009 78071 78071 6023656 98 98 570020 564577 5443 5443 5443 10413108 6023656 0 5541 1498724 1498724 195900 195900 782647 633177 128196 21274 2348283 1899807 384644 63832 170659 138066 27954 4639 551385 446081 90316 14988 214521 173552 35138 5831 63224 34029 29195 51918 51918 53895 34801 19094 88801 665 88136 287077 218895 68182 336040 272025 54875 9140 57564 28335 29229 807015 807015 63546 53169 10377 11514 11514 TELECOMMUNICATION 44440 26740 17700 MISCELLANEOUS 15886 6224 9662 7643039 6467205 1056130 119704 2999175 6808804 1500896 1397037 829000 479375 914864 1240881 1108611 699919 1169455 1064845 141003 104610 397937 499823 84530 95610 7976016 11326059 695016 1189454 2327500 2429991 588567 574727 3611083 4194172 X 2328510 4344150 2036423 2787737 4364933 7131887 7976016 11326059 2770069 -3115 0 X X 0 1 X 1 0 X 4418251 4472375 5009131 3547905 4383911 21831573 4418251 4472375 5009131 3547905 4383911 21831573 198780 21632793 101 140 35948 25133 98 61420 21892993 30149236 0.98810 0.99770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 73100 73100 73100 73100 73100 73100 73100 73100 73100 73100 0 0 148659 120021 28638 541350 468268 73082 479446 476556 2890 104610 DEFERRED RENT 88897 REFUNDABLE ADVANCE 485830 574727 X 10619648 -3115 209655 206540 10413108 0 10413108 7852694 209655 209655 7643039 0 7643039 PART V, LINE 4: THE ENDOWMENT EARNINGS ARE TO BE USED FOR SCHOLARSHIPS UNDER THE DOROTHY BROTHERS SCHOLARSHIP FUND. PART X, LINE 2: WBENC REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE-LIKELY-THAN-NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. WBENC DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE, OR REFLECT, ANY UNCERTAIN TAX POSITIONS. 1 CENTER FOR WOMEN & ENTERPRISE 44 SCHOOL STREET 2ND FLOOR BOSTON MA 02108 043256236 501(C)(3) 50655 0 TO SUBSIDIZE WBENC CERTIFICATION WORK. GREAT LAKES WOMEN'S BUSINESS COUNCIL 33109 SCHOOLCRAFT ROAD LIVONIA MI 48150 382571135 501(C)(3) 127621 0 TO SUBSIDIZE WBENC CERTIFICATION WORK. GREATER WOMEN'S BUSINESS COUNCIL PO BOX 78798 ATLANTA GA 30357 582546664 501(C)(3) 105014 0 TO SUBSIDIZE WBENC CERTIFICATION WORK. WOMEN'S BUSINESS COUNCIL SOUTHWEST 5605 N MACARTHUR BLVD SUITE 220 IRVING TX 07508 752587342 501(C)(3) 108816 0 TO SUBSIDIZE WBENC CERTIFICATION WORK. WOMEN'S BUSINESS DEVELOPMENT CENTER MIDWEST 8 SOUTH MICHIGAN SUITE 400 CHICAGO IL 60603 363488628 501(C)(3) 184979 0 TO SUBSIDIZE WBENC CERTIFICATION WORK. WOMEN'S BUSINESS ENTERPRISE ALLIANCE 9800 NORTHWEST FREEWAY SUITE 120 HOUSTON TX 77092 760458227 501(C)(3) 73408 0 TO SUBSIDIZE WBENC CERTIFICATION WORK. WOMEN'S BUSINESS ENTERPRISE CENTER EAST 1315 WALNUT STREET SUITE 1116 PHILIDELPHIA PA 19107 232810092 501(C)(3) 132596 0 TO SUBSIDIZE WBENC CERTIFICATION WORK. WOMEN'S BUSINESS ENTERPRISE COUNCIL FLORIDA 13155 SW 134 STREET SUITE 205 MIAMI FL 33186 650888472 501(C)(3) 80212 0 TO SUBSIDIZE WBENC CERTIFICATION WORK. WOMEN'S BUSINESS ENTERPRISE COUNCIL GREATER DMV 1120 CONNECTICUT AVE NW SUITE 1000 WASHINTON DC 20036 134068968 501(C)(3) 82114 0 TO SUBSIDIZE WBENC CERTIFICATION WORK. WOMEN'S BUSINESS ENTERPRISE COUNCIL METRO NY 2 PARK AVENUE 20TH FLOOR NEW YORK NY 10016 134068968 501(C)(3) 132522 0 TO SUBSIDIZE WBENC CERTIFICATION WORK. WOMEN'S BUSINESS ENTERPRISE COUNCIL OHIO RIVER VALLEY 3458 READING ROAD CINCINNATI OH 45229 310565428 501(C)(3) 94405 0 TO SUBSIDIZE WBENC CERTIFICATION WORK. WOMEN'S BUSINESS ENTERPRISE COUNCIL PACIFIC 3616 COLBY AVE SUITE 251 EVERETT WA 98201 931268428 501(C)(3) 82846 0 TO SUBSIDIZE WBENC CERTIFICATION WORK. WOMEN'S BUSINESS ENTERPRISE COUNCIL SOUTH 401 ST JOSEPH STREET 2A NEW ORLEANS LA 70130 721282436 501(C)(3) 86431 0 TO SUBSIDIZE WBENC CERTIFICATION WORK. WOMEN'S BUSINESS ENTERPRISE COUNCIL WEST 1220 S ALMA SCHOOL ROAD 204 MESA AZ 85210 860993983 501(C)(3) 157105 0 TO SUBSIDIZE WBENC CERTIFICATION WORK. 14 WOMEN OF COLOR INCUBATOR PROGRAM GRANTS 4 7000 LOWE'S CERTIFICATION GRANT PROGRAM 238 106400 NEXTGEN PROGRAM PITCH COMPETITION AWARDS 3 30000 NOLA SUPPLIER IMPACT GRANTS 3 1500 PITCH COMPETITION AWARDS 2 30000 DOROTHY B. BROTHERS SCHOLARSHIP 1 6000 COLLEGIATE ACCELERATOR PROGRAM GRANTS 3 15000 PART I, LINE 2: THE USE OF THE GRANTS/ASSISTANCE ARE MONITORED BASED UPON THE SERVICE LEVEL AGREEMENT BETWEEN WBENC AND THE RPO'S. X X 0 0 0 0 0 0 0 1 0 PAMELA PRINCE-EASON PRESIDENT & CEO 359348 0 60000 0 0 0 44161 0 23306 0 486815 0 0 0 PATRICIA BIRMINGHAM VP, MARKETING & TECHNOLOGY 293134 0 18000 0 0 0 22455 0 23298 0 356887 0 0 0 LAURA TAYLOR VP, FINANCIAL SERVICES & WBE ENGAGE 247811 0 20000 0 0 0 20737 0 34028 0 322576 0 0 0 JILL SASSO CHIEF OPERATING OFFICER 217818 0 25000 0 0 0 19014 0 34001 0 295833 0 0 0 MIA DELANO VP, BUSINESS DEVELOPMENT & ENGAGEME 146312 0 8000 0 0 0 11721 0 11498 0 177531 0 0 0 LINDSEY ALL SENIOR DIRECTOR, EXECUTIVE PROGRAM 120000 0 10000 0 0 0 10066 0 33687 0 173753 0 0 0 ANDREW GAECKLE SENIOR DIRECTOR, STRATEGIC FINANCI 133089 0 10000 0 0 0 11079 0 11426 0 165594 0 0 0 LAUREN HERMAN ASSISTANT CONTROLLER 117600 0 3000 0 0 0 9524 0 33697 0 163821 0 0 0 PART I, LINE 7 IN 2021, PERFORMANCE BONUSES WERE PAID AS INDICATED IN PART II OF SCHEDULE J. GREATER WOMEN'S BUSINESS COUNCIL EXECUTIVE DIRECTOR ON THE WBENC BOARD OF DIRECTORS 105014 GRANTS 0 WOMEN'S BUSINESS COUNCIL SOUTHWEST EXECUTIVE DIRECTOR ON THE WBENC BOARD OF DIRECTORS 108818 GRANTS 0 WOMEN'S BUSINESS DEVELOPMENT CENTER MIDWEST EXECUTIVE DIRECTOR ON THE WBENC BOARD OF DIRECTORS 184979 GRANTS 0 WOMEN'S BUSINESS ENTERPRISE CENTER EAST EXECUTIVE DIRECTOR ON THE WBENC BOARD OF DIRECTORS 132596 GRANTS 0 WOMEN'S BUSINESS ENTERPRISE COUNCIL FLORIDA EXECUTIVE DIRECTOR ON THE WBENC BOARD OF DIRECTORS 80212 GRANTS 0 WOMEN'S BUSINESS ENTERPRISE COUNCIL METRO NY EXECUTIVE DIRECTOR ON THE WBENC BOARD OF DIRECTORS 132522 GRANTS 0 CENTER FOR WOMEN & ENTERPRISE EXECUTIVE DIRECTOR ON THE WBENC BOARD OF DIRECTORS 50655 GRANTS 0 GREAT LAKES WOMEN'S BUSINESS COUNCIL EXECUTIVE DIRECTOR ON THE WBENC BOARD OF DIRECTORS 127621 GRANTS 0 WOMEN'S BUSINESS ENTERPRISE ALLIANCE EXECUTIVE DIRECTOR ON THE WBENC BOARD OF DIRECTORS 73408 GRANTS 0 WOMEN'S BUSINESS ENTERPRISE COUNCIL GREATER DMV EXECUTIVE DIRECTOR ON THE WBENC BOARD OF DIRECTORS 82114 GRANTS 0 WOMEN'S BUSINESS ENTERPRISE COUNCIL PACIFIC EXECUTIVE DIRECTOR ON THE WBENC BOARD OF DIRECTORS 82846 GRANTS 0 WOMEN'S BUSINESS ENTERPRISE COUNCIL SOUTH EXECUTIVE DIRECTOR ON THE WBENC BOARD OF DIRECTORS 86431 GRANTS 0 FORM 990, PART VI, SECTION A, LINE 2 BECAUSE THEY ARE CORPORATIONS, ORGANIZATIONS THAT ARE ON THE BOARD OF DIRECTORS SOMETIMES ENTER INTO BUSINESS TRANSACTIONS WITH OTHER ORGANIZATIONS THAT ARE ALSO ON THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION WAS ESTABLISHED AS A NOT-FOR-PROFIT CORPORATION WITH CORPORATE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A TWO-THIRDS OF THE BOARD OF DIRECTORS ARE ELECTED BY THE MEMBER CORPORATIONS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE PRESIDENT/CEO AND THE AUDIT COMMITTEE, ON BEHALF OF THE BOARD OF DIRECTORS, BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY REQUIRES DIRECTORS TO DISCLOSE ANY SITUATION THAT MAY RAISE A POTENTIAL CONFLICT OF INTEREST. IN ADDITION BOARD MEMBERS SIGN AN AFFIRMATION EACH YEAR. THE EMPLOYEE HANDBOOK DISCUSSES EMPLOYEES' RESPONSIBILITIES REGARDING POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE TOP MANAGEMENT OFFICIAL IS DETERMINED BASED ON MARKET RATES AND APPROVED BY THE BOARD OF DIRECTORS. A SUBCOMMITTEE OF THE BOARD OF DIRECTORS, THE COMPENSATION COMMITTEE, CONDUCTS A PERIODIC SALARY SURVEY THROUGH AN INDEPENDENT CONTRACTOR TO DETERMINE MARKET COMPARABILITY FOR THE SALARIES OF OTHER KEY EMPLOYEES. FORM 990, PART VI,SECTION B, LINE 15B: THE BOARD AUTHORIZES THE PRESIDENT, IN CONSULTATION WITH THE BOARD, TO ESTABLISH JOB EVALUATION AND COMPENSATION POLICIES FOR ALL OTHER EXECUTIVE EMPLOYEES, WHICH POLICIES SHALL COMPLY WITH APPLICABLE STATE AND FEDERAL LAW. IN ESTABLISHING TOTAL COMPENSATION TO BE PAID TO EXECUTIVE EMPLOYEES, THE PRESIDENT SHALL (I) OBTAIN AND RELY ON APPROPRIATE COMPARABILITY DATA AND OTHERWISE TAKE INTO ACCOUNT RELEVANT FACTORS; AND (II) DOCUMENT THE BASIS FOR THE DETERMINATION OF REASONABLE COMPENSATION, INCLUDING PERFORMANCE EVALUATIONS AND MARKET DATA RELIED UPON. NOTWITHSTANDING THE FOREGOING, IF THE PRESIDENT HAS A CONFLICT OF INTEREST (AS THAT TERM IS DEFINED UNDER THE CONFLICT OF INTEREST POLICY) WITH RESPECT TO ANY EXECUTIVE EMPLOYEE, THE BOARD SHALL DETERMINE THE COMPENSATION PAID TO SUCH EXECUTIVE EMPLOYEE PURSUANT TO THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PAGE 12, LINE 2C: THE AUDIT COMMITEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.