Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE COLUMBIA RIVER ECONOMIC DEVELOPMENT COUNCIL (CREDC) HAS ONE CLASS OF MEMBERS, AND DOES NOT HAVE STOCKHOLDERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE CREDC'S MEMBERS HAVE THE RIGHT TO ELECT BOARD MEMBERS. NO GOVERNANCE DECISIONS ARE RESERVED FOR, OR SUBJECT TO APPROVAL BY, THE MEMBERS OR ANY OTHER PERSONS, OTHER THAN THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION A, LINE 8B | NO COMMITTEE HAS AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED BY A CPA FIRM, AND A DRAFT IS REVIEWED BY THE FINANCE COMMITTEE AND EXECUTIVE COMMITTEE MEMBERS BEFORE THE RETURN IS FINALIZED AND FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY DISCLOSE POTENTIAL CONFLICTS OF INTEREST. IF ANY WERE TO ARISE, APPROPRIATE ACTION WOULD BE TAKEN IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY. A THIRD PARTY CFO REVIEWS TRANSACTIONS MONTHLY FOR POTENTIAL CONFLICTS AND SHARES ANY FINDING WITH THE FINANCE COMMITTEE. THE CREDC PRESIDENT, WHO IS THE ONLY STAFF MEMBER AUTHORIZED TO ENTER INTO A CONTRACTUAL AGREEMENT, MAKES A FINAL DETERMINATION REGARDOMG WHETHER A CONFLICT, OR POTENTIAL CONFLICT EXISTS. IN ANY CASE INVOLVING THE PRESIDENT, THE EXECUTIVE OFFICERS AND/OR THE BOARD OF DIRECTORS WOULD MAKE A FINAL DETERMINATION. |
| FORM 990, PART VI, SECTION B, LINE 15A | COMPENSATION SURVEYS ARE CONDUCTED FOR ALL POSITIONS ON AN ANNUAL BASIS AS A PART OF THE PERFORMANCE REVIEW PROCESS. COMPENSATION INCREASES ARE APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15B: NO OTHER OFFICERS OR KEY EMPLOYEES ARE COMPENSATED. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. |
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