2021-11-15T13:18:19-06:00 2020-12-31 420714325 RSM US LLP 2021 L STREET NW SUITE 400 WASHINGTON DC 20036 990 2020-01-01 363814358 WOMEN IN CABLE TELECOMMUNICATIONS WOME 2028274794 2000 K ST NW STE 350 WASHINGTON DC 20006 MARIA BRENNAN PRESIDENT & CEO 7032349801 2021-11-12 1 MARIA BRENNAN 999009999 FREDERICK LONGWOOD P00439715 2022932200 2021-11-11 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MARIA BRENNAN 2000 K ST NW STE 350 WASHINGTON DC 20006 5813736 0 X WWW.WICT.ORG X 1980 IL WICT DEVELOPS WOMEN LEADERS WHO TRANSFORM OUR INDUSTRY. 29 28 17 625 0 0 429000 423050 5980237 4838073 336431 312225 395244 186155 7140912 5759503 0 240000 0 0 2568515 2745164 0 0 578678 3785424 2338212 6353939 5323376 786973 436127 14561652 16184360 1618584 1860198 12943068 14324162 X WICT DEVELOPS WOMEN LEADERS WHO TRANSFORM OUR INDUSTRY. 0 0 695242 1172294 BETSY MAGNESS LEADERSHIP INSTITUTE: KNOWN AS BMLI, SUPPORTS 54 WOMEN IN THE CURRENT CLASSES AND OVER 1,000 INSTITUTE GRADUATES. BMLI IS DESIGNED TO ELEVATE WOMEN LEADERS IN THE CABLE AND TELECOMMUNICATIONS INDUSTRY. STRUCTURED INTROSPECTION, GRAPPLING WITH UNIVERSAL PROFESSIONAL CHALLENGES AND THE OPPORTUNITY TO SHIFT PERSPECTIVES WITHIN AN EMPOWERING LEARNING COMMUNITY ENABLES FELLOWS TO MAKE THE TRANSITION FROM EFFECTIVE MANAGERS TO ENDURING LEADERS. BY MAKING GENUINE CONNECTIONS WITHIN THEIR CLASS, FELLOWS EMERGE WITH A COMMITTED PASSION TO SHARE WHAT THEY'VE LEARNED WITH THEIR TEAMS, COMPANIES AND THE INDUSTRY AS A WHOLE. 410702 328180 SENIOR EXECUTIVE SUMMIT: INCORPORATING A RANGE OF ACADEMIC METHODS, APPROACHES, AND EXPERIENCES FOSTERS AN IMPACTFUL AND ENRICHING LEARNING ENVIRONMENT. SEASONED LEADERS FROM THE CABLE AND TELECOMMUNICATIONS INDUSTRY ARE IMMERSED IN THIS WEEK LONG INTENSIVE EXECUTIVE EDUCATION EXPERIENCE. WHETHER IT'S THE CASE METHOD, HANDS-ON ACTIVITIES, PROBLEM-SOLVING SESSIONS, OR LECTURES, STANFORD GSB FACULTY MEMBERS SELECT THE METHOD THAT IS BEST FOR EACH SUBJECT. STUDY GROUPS AND INFORMAL SETTINGS ALSO SIGNIFICANTLY ENHANCE THE LEARNING EXPERIENCE. 306471 351410 RISING LEADERS PROGRAM: WICT'S RISING LEADERS PROGRAM (RLP) SEEKS INDUSTRY PROFESSIONALS WHO ARE READY TO CHALLENGE THEIR SKILLS AND TAKE THE NEXT STEP TOWARDS DESIGNING THEIR INDIVIDUAL LEADERSHIP BLUEPRINT. DURING AN INTENSIVE WEEK-LONG IMMERSION PROGRAM, PARTICIPANTS WILL TAKE PART IN LEADERSHIP ANALYSIS, CASE STUDY WORK, CABLE BUSINESS ACUMEN AND TACTICAL PERSONAL LEADERSHIP SKILL DEVELOPMENT. THIS PROGRAM IS LIMITED TO SIX CLASSES OF 30 WOMEN. PARTICIPANTS ACCEPTED INTO RLP HAVE DEMONSTRATED THEIR POTENTIAL, AS WELL AS THEIR DESIRE, FOR LEADERSHIP AND CAREER ADVANCEMENT. THEY MUST BE APPROVED AND SUPPORTED BY THEIR COMPANIES TO PARTICIPATE IN RLP AS THIS IS A COMPETITIVE APPLICATION BASED PROGRAM. 1091770 240000 2602689 CONFERENCES AND SEMINARS 511875 OTHER SERVICES 140664 MEMBERSHIP 138128 INITIATIVES 73067 SPECIAL EVENTS 31476 PROFESSIONAL EDUCATION 1986980 240000 2602689 3399395 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 1 1 1 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 1 17 1 0 0 0 0 0 0 0 0 0 0 0 0 X 29 28 0 0 1 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 IL X THE ORGANIZATION 2028274794 2000 K ST NW STE 350 WASHINGTON DC 20006 MARVA JOHNSON IMMEDIATE PAST CHAIR 4.00 X 0 0 0 SANDY HOWE CHAIR 4.00 X X 0 0 0 JOCELYN COOLEY TREASURER 4.00 X X 0 0 0 CATHERINE BOHIGIAN STRATEGIC PLANNING COMMITTEE CHAIR 4.00 X 0 0 0 JEN NEAL GOVERNANCE COMMITTEE MEMBER 4.00 X 0 0 0 MICHELLE RICE CHAPTER DEVELOPMENT COMMITTEE CHAIR 4.00 X 0 0 0 LEIGH WOSARD INDUSTRY RELATIONS CHAIR 4.00 X 0 0 0 KAREN BENNETT AT-LARGE DIRECTOR 4.00 X 0 0 0 MORGAN BONDON AT-LARGE DIRECTOR 4.00 X 0 0 0 KAREN BUCHHOLZ AT-LARGE DIRECTOR 4.00 X 0 0 0 JUSTIN CONNOLLY DEVELOPMENT COMMITTEE CHAIR 4.00 X 0 0 0 RHONDA CRICHLOW AT-LARGE DIRECTOR 4.00 X 0 0 0 LAUREN DOLAN AT-LARGE DIRECTOR 4.00 X 0 0 0 JODI FRIEDMAN AT-LARGE DIRECTOR 4.00 X 0 0 0 CATHERINE FRYMARK AT-LARGE DIRECTOR 4.00 X 0 0 0 GEORGIA JUVELIS AT-LARGE DIRECTOR 4.00 X 0 0 0 SLOAN KENNEDY AT-LARGE DIRECTOR 4.00 X 0 0 0 MARY MCLAUGHLIN AT-LARGE DIRECTOR 4.00 X 0 0 0 PERI SHAMSAI AT-LARGE DIRECTOR 4.00 X 0 0 0 MICHELLE STRONG AT-LARGE DIRECTOR 4.00 X 0 0 0 ALAKA WILLIAMS AT-LARGE DIRECTOR 4.00 X 0 0 0 MARIA BRENNAN PRESIDENT & CEO 40.00 X X 803975 0 63116 JULIE AGNEW CHAPTER LEADER DESIGNEE 4.00 X 0 0 0 JOHNITA DUE AT-LARGE DIRECTOR 4.00 X 0 0 0 TINA EVANGELISTA AT-LARGE DIRECTOR 4.00 X 0 0 0 CARMELA FOURNIER EMERGING LEADER DESIGNEE 4.00 X 0 0 0 ORLANDO HAMPTON AT-LARGE DIRECTOR 4.00 X 0 0 0 JONICA HARTMAN EMERGING LEADER DESIGNEE 4.00 X 0 0 0 LEE SCHROEDER AT-LARGE DIRECTOR 4.00 X 0 0 0 LESA FARIS CHIEF OF STAFF 40.00 X 222454 0 24377 REBECCA WALKER CHIEF FINANCIAL OFFICER 40.00 X 240945 0 24062 GREGORY HICKMAN SVP, TECH & DIGITAL COMM 40.00 X 151486 0 20876 JOANNA DEES VP, EDUCATIONAL PROGRAMS 40.00 X 121279 0 5649 KRISTIN EDWARDS AVP, INDUSTRY RELATIONS & EXT COMM 40.00 X 109996 0 15507 HASSANA HOWE VP, MEMBERSHIP & CHAPTERS 40.00 X 143398 0 15630 1793533 0 169217 7 0 1 0 CENTER FOR CREATIVE LEADERSHP ONE LEADERSHIP PLACE GREENSBORO NC 27410 BMLI FACILITATORS 430964 STANFORD UNIVERSITY 655 KNIGHT WAY STANFORD CA 943057298 SES FACILITATORS 218694 PROTEUS INTERNATIONAL INC 123 N 3RD STREET SUITE 510 MINNEAPOLIS MN 55401 RLP FACILITATORS 196125 3 92500 268800 61750 423050 CONFERENCES & SEMINARS 900099 2892090 2892090 MEMBERSHIP DUES & REBA 900099 1525983 1525983 SPONSORSHIPS 900099 383500 383500 PROFESSIONAL EDUCATION 900099 36500 36500 4838073 312225 312225 240000 92500 54233 185767 185767 MISCELLANEOUS 900099 388 388 388 5759503 4454573 0 881880 210000 210000 30000 30000 1551292 804028 442660 304604 976286 500866 278587 196833 40421 23230 11532 5659 69404 39886 19801 9717 107761 61930 30744 15087 177735 27100 150635 7403 7403 70583 70583 184801 38523 134917 11361 100125 62164 28449 9512 329714 221194 102018 6502 33284 28396 3232 1656 1268490 1260097 7339 1054 87796 54509 24946 8341 31068 4421 23655 2992 AWARDS 47213 33051 8802 5360 5323376 3399395 1345303 578678 283769 1033596 210000 210000 47884 53671 401925 400238 1875939 1750036 192827 125903 13425247 14360952 14561652 16184360 474350 646646 833332 966051 310902 247501 1618584 1860198 X 12324168 13694247 618900 629915 12943068 14324162 14561652 16184360 436127 944967 0 X X 0 1 X 1 0 X 2056087 1808393 1866366 2088774 1949033 9768653 2056087 1808393 1866366 2088774 1949033 9768653 1176098 8592555 215022 260467 260290 336431 312225 1384435 177713 850 1750 1765 388 182466 11335554 8112884 0.75800 0.78250 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: INCOME FROM ACTIVITIES NOT NORMALLY RECURRING RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 618900 63858 52843 629915 610968 7932 618900 688672 -77704 610968 676493 12179 688672 669095 7398 676493 0.72450 0.27550 0 0 381679 281376 100303 297415 272051 25364 1196845 1196609 236 125903 DEFERRED RENT LIABILITY 247501 247501 6688120 944967 944967 5743153 70583 -54233 16350 5759503 5307026 54233 54233 5252793 70583 70583 5323376 PART V, LINE 4: WICT'S ENDOWMENT FUND INCLUDES A PERMANENTLY RESTRICTED FUND THAT IS A TRADITIONAL DONOR-RESTRICTED ENDOWMENT FUND ESTABLISHED TO SUPPORT WOMEN'S LEADERSHIP PROGRAMS. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES REPORTED ON PART VIII -54,233. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES REPORTED ON PART VIII 54,233. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 20000 NORTH AMERICA 0 0 GRANTMAKING 10000 0 0 0 0 0 0 30000 0 30000 EUROPE (INCLUDING ICELAND & GREENLAND) TO HELP BRIDGE THE FINANCIAL GAP UNTIL CHAPTER CAN BEGIN DELIVERING LIVE EVENTS AGAIN. 20000 CHECK NORTH AMERICA TO HELP BRIDGE THE FINANCIAL GAP UNTIL CHAPTER CAN BEGIN DELIVERING LIVE EVENTS AGAIN. 10000 WIRE 3 0 0 0 0 0 0 0 PART I, LINE 2: WE ONLY MAKE INTERNATIONAL GRANTS TO WICT CHAPTERS. THESE CHAPTERS MUST MEET ALL OF THE REQUIREMENTS OF BEING A CHAPTER (SUBMISSION OF THE MODEL CHAPTER BUSINESS PLAN ANNUALLY). WHEN WE MAKE A GRANT THE CHAPTER MUST SUBMIT A FINAL GRANT REPORT DETAILING HOW THE FUNDS WERE USED. PART III ACCOUNTING METHOD: VIRTUAL SIGNATURE LUNCHEON 332500 92500 240000 54233 332500 92500 240000 54233 54233 185767 1 WICT PHILADELPHIA CHAPTER 1701 JOHN F KENNEDY BLVD PHILADELPHIA PA 19103 363550550 501(C)(3) 10000 GENERAL SUPPORT WICT CAROLINA'S CHAPTER 3000 WORLD REACH DR INDIAN LAND SC 29707 363550716 501(C)(3) 10000 GENERAL SUPPORT WICT SOUTHEAST CHAPTER 2205 BLACKHAWK TRAIL LAWRENCEVILLE GA 30043 363550523 501(C)(3) 10000 GENERAL SUPPORT WICT GREATER CHICAGO CHAPTER 105 HOWE TERRACE BARRINGTON IL 60010 363550524 501(C)(3) 10000 GENERAL SUPPORT WICT GREATER OHIO CHAPTER 10920 KENWOOD ROAD CINCINNATI OH 45242 363550519 501(C)(3) 10000 GENERAL SUPPORT WICT GREAT LAKES CHAPTER 41112 CONCEPT DRIVE PLYMOUTH MI 48170 363550720 501(C)(3) 10000 GENERAL SUPPORT WICT MIDWEST CHAPTER 12405 POWERSCOURT DRIVE ST LOUIS MO 63131 363987506 501(C)(3) 10000 GENERAL SUPPORT WICT NEW ENGLAND CHAPTER 139 CLIFFMORE ROAD WEST HARTFORD CT 61007 363550526 501(C)(3) 10000 GENERAL SUPPORT WICT SOUTHWEST CHAPTER 1550 W DEER VALLEY DRIVE PHOENIX AZ 85027 363987504 501(C)(3) 10000 GENERAL SUPPORT WICT NEW YORK CHAPTER 121 W 36TH ST SUITE 231 NEW YORK NY 10018 363550710 501(C)(3) 10000 GENERAL SUPPORT WICT GREATER TEXAS CHAPTER 2239 COLLINS LANE ARANSAS PASS TX 78336 363550525 501(C)(3) 10000 GENERAL SUPPORT WICT HEARTLAND CHAPTER 901 S GEORGE WASHINGTON BLVD WICHITA KS 67211 363550714 501(C)(3) 10000 GENERAL SUPPORT WICT ROCKY MOUNTAIN CHAPTER 2000 BUCHTEL BLVD S DENVER CO 80210 363550542 501(C)(3) 10000 GENERAL SUPPORT WICT NORTHERN CALIFORNIA CHAPTER 1807 SANTA RITA RD PLEASTON CA 94566 363550543 501(C)(3) 10000 GENERAL SUPPORT WICT PACIFIC NORTHWEST CHAPTER 11308 SW 68TH PARKWAY TIGARD OR 97223 363550537 501(C)(3) 10000 GENERAL SUPPORT WICT SOUTHERN CALIFORNIA CHAPTER 11901 SANTA MONICA BLVD LOS ANGELES CA 90025 363550531 501(C)(3) 10000 GENERAL SUPPORT WICT FLORIDA CHAPTER 3611 QUEEN PALM DRIVE TAMPA FL 33619 363550529 501(C)(3) 10000 GENERAL SUPPORT WICT VIRGINIA CHAPTER 1341 CROSSWAYS BLVD CHESAPEAKE VA 23320 260583554 501(C)(3) 10000 GENERAL SUPPORT WICT WASHINGTONBALTIMORE CHAPTER 2921 JOHN MARSHALL DRIVE ARLINGTON VA 22207 363550533 501(C)(3) 10000 GENERAL SUPPORT WICT GREATER PITTSBURGH CHAPTER 15 SUMMIT PARK DRIVE PITTSBURGH PA 15275 475465088 501(C)(3) 10000 GENERAL SUPPORT WICT GREATER MEMPHIS CHAPTER 312 PARK PLAZA DRIVE NEW ALBANY MS 38652 820703101 501(C)(3) 10000 GENERAL SUPPORT 21 0 PART I, LINE 2: WE ONLY MAKE GRANTS TO OUR CHAPTERS IN GOOD STANDING AND WE REQUIRE THEM TO SUBMIT GRANT REPORTS TO INDICATE HOW THE FUNDS WERE EXPENDED. X X X 0 1 0 0 0 0 0 0 0 MARIA BRENNAN PRESIDENT & CEO 608675 0 178500 0 16800 0 26250 0 36866 0 867091 0 0 0 REBECCA WALKER CHIEF FINANCIAL OFFICER 219711 0 21234 0 0 0 12190 0 11872 0 265007 0 0 0 LESA FARIS CHIEF OF STAFF 201647 0 20807 0 0 0 10211 0 14166 0 246831 0 0 0 GREGORY HICKMAN SVP, TECH & DIGITAL COMM 136648 0 14838 0 0 0 7763 0 13113 0 172362 0 0 0 HASSANA HOWE VP, MEMBERSHIP & CHAPTERS 130398 0 13000 0 0 0 7212 0 8418 0 159028 0 0 0 PART I, LINE 4B PRESIDENT & CEO MARIA BRENNAN RECEIVED $16,800 IN SECTION 457F COMPENSATION. FORM 990, PART VI, SECTION A, LINE 4 IN THE EVENT OF AN EMERGENCY, SUCH AS A NATIONAL EPIDEMIC, GLOBAL PANDEMIC, ACTS OF GOD, OR SIMILAR EVENT, THE BOARD OF DIRECTORS MAY ADOPT NECESSARY AND REASONABLE MEASURES TO PROVIDE STABILITY FOR THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 THE SEVEN MEMBERSHIP CLASSES ARE AS FOLLOWS: REGULAR MEMBERSHIP- SUCH MEMBERS ARE ENTITLED TO ONE VOTE AND MAY HOLD OFFICE AND SERVE ON THE NATIONAL OR CHAPTER LEVEL BOARD OF DIRECTORS. EXECUTIVE MEMBERSHIP- THESE MEMBERS ARE ENTITLED TO ONE VOTE AND MAY HOLD OFFICE AND SERVE ON THE NATIONAL OR CHAPTER LEVEL BOARD OF DIRECTORS. CHARTER MEMBERSHIP- SUCH MEMBERS MAY UPGRADE THEIR STATUS TO EXECUTIVE IF THEY MEET EXECUTIVE MEMBERSHIP CRITERIA. ENTRY LEVEL MEMBERSHIP- THESE MEMBERS DO NOT HAVE VOTING RIGHTS AND CANNOT SERVE IN AN APPOINTED OR ELECTED OFFICE. EXECUTIVE LIFE MEMBERSHIP- SUCH MEMBERS ARE ENTITLED TO ONE VOTE AND MAY HOLD OFFICE AND SERVE ON THE NATIONAL OR CHAPTER LEVEL BOARD OF DIRECTORS. HONORARY MEMBERSHIP- THOSE CONFERRED HONORARY MEMBERSHIP DO NOT RECEIVE A VOTE AND CANNOT SERVE IN AN APPOINTED OR ELECTED OFFICE. STUDENT MEMBERSHIP- STUDENT MEMBERS DO NOT HAVE VOTING RIGHTS OR THE RIGHTS TO SERVE IN AN APPOINTED OR ELECTED OFFICE. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE FOLLOWING CLASSES MAY USE THEIR VOTING RIGHTS TO ELECT NOMINEES FOR POSITIONS IN THE GOVERNING BODY: -REGULAR MEMBERS -EXECUTIVE MEMBERS -EXECUTIVE LIFE MEMBERS FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED AND REVIEWED BY AN OUTSIDE CPA FIRM. THE RETURN IS THEN REVIEWED BY MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS MUST COMPLETE A FORM DISCLOSING CONFLICTS, IF ANY, OR SUBMIT A STATEMENT THAT NO CONFLICTS EXIST. IF A CONFLICT OR POTENTIAL CONFLICT OF INTEREST IS DISCLOSED, IT IS UP TO THE EXECUTIVE COMMITTEE OF THE BOARD TO DETERMINE WHETHER A CONFLICT EXISTS. IF SO, A BOARD MEMBER IS NOT PERMITTED TO VOTE ON ANY DECISIONS RELATED TO THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE PRESIDENT AND CHIEF EXECUTIVE OFFICER, AND OF ANY OTHER OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION, SHALL BE DETERMINED IN ACCORDANCE WITH THIS POLICY. KEY EMPLOYEES COVERED BY THIS POLICY SHALL BE DESIGNATED, FROM TIME TO TIME, BY THE BOARD OF DIRECTORS. WICT USES COMPARABILITY DATA TO DETERMINE SALARIES FOR THE PRESIDENT AND CEO AND OTHER KEY EMPLOYEES. THE BOARD OF DIRECTORS IS RESPONSIBLE FOR REVIEWING SUCH DATA DURING THE 4TH QUARTER OF EACH YEAR. ALL COMPENSATION ARRANGEMENTS SUBJECT TO THIS POLICY MUST BE APPROVED IN ADVANCE BY AN AUTHORIZED BODY OF THE ORGANIZATION THAT IS COMPOSED OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST CONCERNING THE TRANSACTION. MEMBERS OF THE AUTHORIZED BODY WHO MAY HAVE A CONFLICT OF INTEREST SHALL REFRAIN FROM PARTICIPATING IN THE APPROVAL OF THE COMPENSATION ARRANGEMENT AND, IF THEY DO, SHALL NOT BE CONSIDERED AS DISQUALIFYING THE BODY FROM CONSIDERING THE ARRANGEMENT. THE AUTHORIZED BODY CONSIDERING COMPENSATION ARRANGEMENTS UNDER THIS POLICY WILL BE THE EXECUTIVE COMMITTEE, OR THE BOARD OF DIRECTORS MAY ASSUME JURISDICTION IN THE REVIEW OF SPECIFIC COMPENSATION ARRANGEMENTS AT THE BOARD'S DISCRETION. HOWEVER, THE BOARD OF DIRECTORS WILL BE THE ONLY AUTHORIZED BODY FOR REVIEW OF COMPENSATION ARRANGEMENTS INVOLVING THE PRESIDENT AND CHIEF EXECUTIVE OFFICER OR ANY OTHER OFFICER OF THE ORGANIZATION. AT THE DISCRETION OF THE BOARD OF DIRECTORS OR THE EXECUTIVE COMMITTEE, THE PRESIDENT AND CHIEF EXECUTIVE OFFICER MAY ALSO BE DELEGATED THE RESPONSIBILITY FOR REVIEWING EMPLOYEE COMPENSATION ARRANGEMENTS OTHER THAN THOSE FOR HIS/HER OWN COMPENSATION, AND, IN THOSE CASES, THE TERM AUTHORIZED BODY, AS CONTAINED HEREIN, SHALL REFER TO THE PRESIDENT AND CHIEF EXECUTIVE OFFICER. PRIOR TO MAKING A DETERMINATION ON COMPENSATION ARRANGEMENTS SUBJECT TO THIS POLICY, THE AUTHORIZED BODY SHALL OBTAIN AND RELY ON APPROPRIATE DATA AS TO COMPARABILITY. SUCH DATA WILL ASSIST THE AUTHORIZED BODY IN DETERMINING WHETHER THE COMPENSATION ARRANGEMENT IS COMPARABLE TO ARRANGEMENTS MADE BY OTHER FOR-PROFIT AND NOT-FOR-PROFIT ORGANIZATIONS FOR INDIVIDUALS IN SIMILAR POSITIONS. THE AUTHORIZED BODY SHALL ADEQUATELY AND TIMELY DOCUMENT THE BASIS FOR ITS DETERMINATION ON COMPENSATION ARRANGEMENTS CONCURRENTLY WITH MAKING THAT DETERMINATION. THE DOCUMENTATION OF THE AUTHORIZED BODY SHALL INCLUDE THE TERMS OF THE TRANSACTION AND THE DATE OF ITS APPROVAL, THE MEMBERS OF THE AUTHORIZED BODY PRESENT DURING THE DEBATE AND VOTE ON THE TRANSACTION, THE COMPARABILITY DATA OBTAINED AND RELIED UPON, THE ACTIONS OF ANY MEMBERS OF THE AUTHORIZED BODY HAVING A CONFLICT OF INTEREST, AND DOCUMENTATION OF THE BASIS FOR THE DETERMINATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENT ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE AUDIT OVERSIGHT PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR.