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, LINE 1A | THE BOARD HAS ESTABLISHED AN EXECUTIVE COMMITTEE WHICH HAS AUTHORITY TO ACT ON ALL MATTERS ON BEHALF OF THE COMPANY UNTIL THE NEXT SUBSEQUENT BOARD MEETING. |
| FORM 990, PART VI, SECTION A, LINE 6 | THERE ARE TWO MEMBERSHIP CLASSES. 1) GENERAL MEMBERSHIP - ANY PERSON, FIRM, ASSOCIATION, BUSINESS, CORPORATION, PARTNERSHIP, OR ESTATE HAVING AN INTEREST IN THE PURPOSES OF THE BUREAU IS QUALIFIED TO APPLY FOR GENERAL MEMBERSHIP. 2) GOVERNING MEMBERSHIP - GOVERNING MEMBERS ARE THE DIRECTORS OF THE CORPORATION. |
| FORM 990, PART VI, SECTION B, LINE 11B | AN INDEPENDENT ACCOUNTING FIRM PREPARES THE FORM 990. A DETAILED REVIEW OF THE FORM 990 IS THEN PERFORMED BY THE VP OF FINANCE AND ADMINISTRATION. ANY QUESTIONS OR CONCERNS ARE ADDRESSED AND ANY NECESSARY CHANGES ARE MADE. A FINAL DRAFT OF THE 990 WITH ALL REQUIRED SCHEDULES IS THEN PROVIDED TO THE FULL BOARD OF DIRECTORS VIA EMAIL FOR REVIEW PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OF DIRECTORS, OFFICERS AND MANAGEMENT EMPLOYEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM EACH YEAR. ANY POTENTIAL CONFLICTS WITHIN THE ORGANIZATION ARE REVIEWED BY THE BOARD CHAIR. IF A CONFLICT IS DISCOVERED, ANY RESTRICTIONS WOULD BE IMPOSED BY THE BOARD OF DIRECTORS ON A CASE BY CASE BASIS WITH THE MAIN CONCERN BEING THE WELFARE OF VISIT WICHITA AND THE ADVANCEMENT OF ITS PURPOSE. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE CEO'S COMPENSATION ANNUALLY. ANY PAY INCREASE MUST BE REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE. THE COMMITTEE USES COMPARISON DATA FROM SIMILAR ORGANIZATIONS. THE CEO BONUS IS BASED ON THE ANNUAL WRITTEN PERFORMANCE REVIEW. THE COMMITTEE DOCUMENTS ITS DELIBERATIONS AND DECISIONS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
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