2023-05-09T12:36:34-04:00 2022-12-31 562034483 NORTON COLLAR LUND LILLEY PLLC 7701 SIX FORKS RD STE 100 RALEIGH NC 27615 990 2022-01-01 871945050 THE POLITICAL REPORT INC POLI 9172931771 1250 CONNECTICUT AVE NW SUITE 700 WASHINGTON DC 20036 DANIEL NICHANIAN PRESIDENT/EXEC. 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FORM 990, PAGE 6, PART VI, LINE 6 THE TERM OF MEMBERSHIP SHALL BE LIFE. FORM 990, PAGE 6, PART VI, LINE 7A SUBSEQUENT MEMBERS MAY BE ELECTED BY AN ACT OF THE MEMBERS. NOTWITHSTANDING THE FOREGOING, ANY MEMBER, AFTER HAVING FULFILLED ALL OBLIGATIONS TO THE CORPORATION, MAY RESIGN BY WRITTEN NOTICE TO THE SECRETARY OF THE CORPORATION, AND ANY MEMBER MAY BE REMOVED AT ANY TIME, WITH OR WITHOUT CAUSE, BY MAJORITY VOTE OF ALL OF THE MEMBERS. IF ALL OF THE MEMBERS ARE DEAD, INCAPACITATED OR HAVE RESIGNED, THE CORPORATION SHALL HAVE NO MEMBERS AND THE BOARD OF DIRECTORS SHALL ELECT THEIR SUCCESSORS BY AN ACT OF THE BOARD OF DIRECTORS AND SHALL BE AUTHORIZED TO TAKE ANY ACTION ALLOWED BY LAW OR BY THESE BY-LAWS ON BEHALF OF THE CORPORATION WITHOUT THE APPROVAL OF THE MEMBERS. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD WILL REVIEW THE 990 AND ASK ANY QUESTIONS OF THE PREPARER BEFORE IT IS FILED. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION'S STAFF AND BOARD MEMBERS WILL ANNUALLY ACKNOWLEDGE THE CONFLICT OF INTERESTS POLICY. FORM 990, PAGE 6, PART VI, LINE 15A IN DECEMBER 2021, TO REVIEW THE PROPOSED COMPENSATION PACKAGE FOR DANIEL NICHANIAN'S ROLE AS EXECUTIVE DIRECTOR BEGINNING IN JANUARY 2022, TWO OTHER BOARD MEMBERS FORMED AN INDEPENDENT BODY TO CONDUCT A COMPARABILITY REVIEW OF THE LEADERSHIP OF SIMILAR NONPROFIT ORGANIZATIONS AND DETERMINE IF THE PROPOSAL PACKAGE WAS "REASONABLE AND NOT EXCESSIVE." THE MEMBERS OF THIS BODY CONDUCTED THIS REVIEW AND MET TO CONFER, DOCUMENTING THEIR FINDINGS INTERNALLY TO THEIR BODY. THEY COMMUNICATED THEIR DECISION IN AN EMAIL DATED DECEMBER 16, 2021, APPROVING A COMPENSATION PACKAGE TO BEGIN IN JANUARY 2022. FORM 990, PAGE 6, PART VI, LINE 15B IN DECEMBER 2021, TO REVIEW THE PROPOSED COMPENSATION PACKAGE FOR DANIEL NICHANIAN'S ROLE AS EXECUTIVE DIRECTOR BEGINNING IN JANUARY 2022, TWO OTHER BOARD MEMBERS FORMED AN INDEPENDENT BODY TO CONDUCT A COMPARABILITY REVIEW OF THE LEADERSHIP OF SIMILAR NONPROFIT ORGANIZATIONS AND DETERMINE IF THE PROPOSAL PACKAGE WAS "REASONABLE AND NOT EXCESSIVE." THE MEMBERS OF THIS BODY CONDUCTED THIS REVIEW AND MET TO CONFER, DOCUMENTING THEIR FINDINGS INTERNALLY TO THEIR BODY. THEY COMMUNICATED THEIR DECISION IN AN EMAIL DATED DECEMBER 16, 2021, APPROVING A COMPENSATION PACKAGE TO BEGIN IN JANUARY 2022. FORM 990, PAGE 6, PART VI, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC FORM 990, PART IX, LINE 11G CONTRACT WRITERS/EDITORS 66,880 518 1,350