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 B, LINE 11B | CEO, MIKE MCGUINNESS, REVIEWS FORM 990 AND OBTAINS ANY SIGNATURES REQUIRED. THE ORGANIZATION'S AUDIT & FINANCE COMMITTEE, WHICH INCLUDES THE TREASURER AND PRESIDENT, REVIEWS AND APPROVES THE TAX RETURN. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMPENSATION COMMITTEE OF NAIOP NEW JERSEY IS COMPRISED OF FIVE (5) INDIVIDUAL MEMBERS INCLUDING THE CURRENT PRESIDENT, PRESIDENT-ELECT (IF ONE EXISTS) AND THREE (3) OF THE AVAILABLE MOST IMMEDIATE PAST PRESIDENTS THAT IS CONVENED TYPICALLY IN THE 4TH QUARTER PRIOR TO ACTION BEING TAKEN BY THE FULL BOARD ON PROJECTED YEAR-END FINANCIALS AND THE NEXT YEAR'S BUDGET. IF NO PRESIDENT-ELECT EXISTS, THEN THE EXECUTIVE COMPENSATION COMMITTEE SHALL INCLUDE UP TO FOUR (4) IMMEDIATE PAST PRESIDENTS. IN THE EVENT THAT ANY OF THESE IMMEDIATE PAST PRESIDENTS ARE NOT AVAILABLE, THE PRESIDENT MAY APPOINT AN ALTERNATE BOARD MEMBER TO THE EXECUTIVE COMPENSATION COMMITTEE. THE COMMITTEE'S DUTY IS TO REVIEW AND APPROVE THE CHIEF EXECUTIVE'S COMPENSATION PACKAGE ON AN ANNUAL BASIS. THE CHIEF EXECUTIVE OFFICER IS THE PRINCIPAL REPRESENTATIVE OF NAIOP NEW JERSEY, AND THE PERSON RESPONSIBLE FOR THE EFFICIENT OPERATION OF THE ORGANIZATION. NAIOP NJ'S PRIMARY OBJECTIVE IS TO PROVIDE A FAIR, REASONABLE AND COMPETITIVE EXECUTIVE TOTAL COMPENSATION OPPORTUNITY CONSISTENT WITH MARKET-BASED COMPENSATION PRACTICES FOR INDIVIDUALS POSSESSING THE EXPERIENCE AND SKILLS NEEDED TO IMPROVE THE OVERALL PERFORMANCE OF THE ORGANIZATION. THE COMMITTEE WILL RESEARCH AND EXAMINE INFORMATION FOR SIMILARLY QUALIFIED INDIVIDUALS IN COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS. FOLLOWING THIS REVIEW, THE COMMITTEE APPROVES BASE SALARY AND ANNUAL INCENTIVE OPPORTUNITY ADJUSTMENTS AND OBJECTIVES AND GOALS FOR THE UPCOMING YEAR'S ANNUAL BUDGET AND INCENTIVE PLAN. THE COMMITTEE REVIEWS AND RECOMMENDS TO THE BOARD SALARY APPROVAL AND DEFERRED COMPENSATION (BONUS/INCENTIVE AWARDS) FOR THE CHIEF EXECUTIVE. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND THROUGH GUIDESTAR. |
| PART XI, QUESTION 2C | THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITOR. |
| Software ID: | |
| Software Version: |