Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | FORM 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND THE CFO ALSO DISCUSSES WITH THE FINANCE COMMITTEE. | |
| FORM 990, PART VI, SECTION B, LINE 12C | WITHOUT EXCEPTION, ALL MASSPRO EMPLOYEES ARE REQUIRED TO UNDERGO ANNUAL TRAINING ON THE CONFLICT OF INTEREST POLICY INCLUDING EXECUTING THE SIGNATURE PAGE ANNUALLY. | |
| FORM 990, PART VI, SECTION B, LINE 15 | AT THE BEGINNING OF EACH FISCAL YEAR, A SET OF CORPORATE AND PROFESSIONAL OBJECTIVES WILL BE SET FOR THE THEN-CURRENT FISCAL YEAR, WHICH WILL SERVE AS THE PRIMARY BASIS FOR DETERMINING WHETHER OR NOT TARGETS HAVE BEEN ACHIEVED. PERFORMANCE WILL BE REVIEWED AT LEAST ANNUALLY ON OR ABOUT APRIL 1 OF EACH YEAR, AND MEASURED AT REASONABLE INTERVALS AS DETERMINED IN GOOD FAITH BY THE BOARD OF DIRECTORS AND ITS COMPENSATION COMMITTEE. THE BOARD OR COMPENSATION COMMITTEE, AS THE CASE MAY BE, MAY UTILIZE ANY PERFORMANCE MEASUREMENT TOOLS THAT, AFTER CONSULTATION, IT REASONABLY DEEMS APPROPRIATE. UPON SUCH REVIEW, BASE SALARIES MAY BE ADJUSTED, SUBJECT TO THE APPROVAL OF THE BOARD OF DIRECTORS OR THE FINANCE COMMITTEE ACTING IN ITS STEAD. PRIOR TO THE CONCLUSION OF EACH FISCAL YEAR, THE MANAGER CONDUCTS A PERFORMANCE REVIEW OF THE EMPLOYEE'S PERFORMANCE DURING THE PAST FISCAL YEAR USING COMPARABILITY DATA AND SUBSTANTIATES THE DECISIONS. AT THE CONCLUSION OF THE REVIEW, THE MANAGER ESTABLISHES PERFORMANCE EXPECTATIONS FOR THE COMING YEAR. THE EXPECTATIONS INCLUDE IMPROVING PAST PERFORMANCE ISSUES, COMPLETING IDENTIFIED PROJECTS AND MEETING TARGET DATES. THE EXPECTATIONS ARE DISCUSSED AND SIGNED OFF BY BOTH THE MANAGER AND EMPLOYEE PRIOR TO THE BEGINNING OF THE NEW FISCAL YEAR. BASED ON THE PERFORMANCE REVIEW AND THE MERIT INCREASE PARAMETERS ESTABLISHED BY SENIOR MANAGEMENT AND THE BOARD, THE EMPLOYEE'S BASE SALARY MAY BE ADJUSTED. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC INSPECTION UPON REQUEST. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | REDEMPTION OF COMMON STOCK SHARES -100,000. TOTAL TO FORM 990, PART XI, LINE 5: -100,000. |
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