Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder | 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, Line 11b: Form 990 Review Process | REVIEWED BY CEO AND PRESENTED TO THE BOARD FOR REVIEW BEFORE FILING. |
| Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | BOARD MEMBERS HAVE TO SIGN THE REQUIRED CODE OF ETHICS THAT INCLUDES A CONFLICT OF INTEREST POLICY ANNUALLY. |
| Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management | THE CEO'S COMPENSATION AND FRINGE BENEFITS ARE NEGOTIATED BETWEEN THE CEO AND THE BOARD CHAIR. IT IS THEN REVIEWED AND EXECUTED THROUGH A THREE-YEAR EMPLOYMENT AGREEMENT BY THE MISSOURI PARTNERSHIP EXECUTIVE COMMITTEE. PART OF THE CEO CONTRACT AGREEMENT INCLUDES A PERFORMANCE BASED COMPENSATION THAT IS APPROVED BY THE MISSOURI PARTNERSHIP EXECUTIVE COMMITTEE. |
| Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees | INITIAL COMPENSATION LEVELS FOR EXECUTIVE LEVEL STAFF AND KEY EMPLOYEES WERE DETERMINED BY THE BOARD OF DIRECTORS IN CONSULTATION WITH THE PARTNERSHIP'S ADVISORY COUNCIL COMPRISED OF SENIOR ECONOMIC DEVELOPMENT ORGANIZATIONS FROM ACROSS THE STATE. THE INITIAL COMPENSATION LEVEL WAS ALSO ESTABLISHED WITH THE ASSISTANCE OF A THIRD-PARTY EXECUTIVE SEARCH CONSULTANT WHO HELPED LEAD THE SEARCH FOR A CEO. ALL EXECUTIVE LEVEL STAFF AND KEY EMPLOYEE SALARIES ARE REVIEWED ANNUALLY BY USING A MARKET BASED APPROACH. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | THE ORGANIZATION WILL PROVIDE A COPY OF THE 990 TO ANYONE THAT REQUESTS THE RETURN. |
| Software ID: | 18007218 |
| Software Version: | 2018v3.1 |