Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE CORPORATION SHALL HAVE ONE OR MORE MEMBERS. THE HAWTHORN FOUNDATION SHALL BE A MEMBER OF THE CORPORATION AND OTHER PERSONS MAY BECOME MEMBERS FROM TIME TO TIME UPON BEING DESIGNATED AS SUCH BY BOTH THE BOARD OF DIRECTORS AND THE HAWTHORN FOUNDATION AND UPON CONSENTING TO SUCH DESIGNATION. |
| FORM 990, PART VI, SECTION A, LINE 7A | AT EACH ANNUAL MEETING OF THE MEMBERS, AT WHICH A QUORUM IS PRESENT, THERE SHALL BE AN ELECTION TO ELECT SUCCESSOR DIRECTORS AND TO REPLACE EACH DIRECTOR WHOSE TERM IN OFFICE THEN EXPIRES. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS REVIEWED BY THE EXECUTIVE COMMITTEE AS WELL AS THE EXECUTIVE DIRECTOR PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | EVERY NEW BOARD MEMBER IS REQUIRED TO SIGN A CODE OF ETHICS THAT INCLUDES A CONFLICT OF INTEREST POLICY. IF A CONFLICT BECOMES KNOWN IT WILL BE BROUGHT BEFORE THE CHAIRMAN OF THE BOARD FOR CONSEQUENCE. |
| FORM 990, PART VI, SECTION B, LINE 15 | INITIAL COMPENSATION LEVELS WERE DETERMINED BY THE BOARD OF DIRECTORS, IN CONSULTATION WITH THE PARTNERSHIP'S ADVISORY COUNCIL, WHICH IS COMPRISED OF SENIOR ECONOMIC DEVELOPMENT LEADERS FROM ORGANIZATIONS ACROSS THE STATE. THE INITIAL COMPENSATION LEVEL WAS ALSO ESTABLISHED WITH THE ASSISTANCE OF A THIRD-PARTY EXECUTIVE SEARCH CONSULTANT (JORGENSEN & ASSOCIATES), WHO HELPED WITH THE SEARCH FOR A CEO. THE BOARD'S EXECUTIVE COMMITTEE HAS REVIEWED THE BASE COMPENSATION AMOUNT FOR THE CEO THREE TIMES SINCE THE CEO BEGAN - ONCE AT THE END OF 2008, ONCE IN LATE 2010, AND AGAIN IN MAY 2014. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE DOCUMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 1 | ACCOUNTING METHOD: MODIFIED CASH |
| FORM 990, PART XII, LINE 2C: | HAWTHORN FOUNDATION, A RELATED ENTITY, OVERSEES THE SELECTION OF AN INDEPENDENT ACCOUNTANT, AS WELL AS THE AUDIT. |
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