The Promise in Glen Rose Inc

“An outside accounting firm prepares the form 990. Upon completion, it is sent to the executive director for review and approval. Once approved, the cpa firm prepares the return for signature and e-filing. The e-file authorization is signed by the executive director and submits to the cpa firm so the return can be electronically filed. All board members are provided a copy of the return.”

“The conflict of interest policy covers directors, officers, and employees of the organization. The president of the board or committee, whichever is applicable, determines if a conflict of interest exists based on the organizations definitions within the conflict of interest policy. Any known or potential conflicts are to be disclosed by the interested person at the board of committee meeting prior to a transaction involving the conflict. If the member is to be absent, he or she is to disclose the possible conflict of interest to the chair of the meeting. Then, the chair is responsible for disclosing the conflict at the meeting. In both cases, any disclosed conflicts are to be documented in the minutes of the meeting. The interested person shall not participate in the board of committees discussion of the matter, except to answer questions. The interested person must abstain from voting and not be counted for quorum.”

“The organization considers outside data in order to determine officer compensation packages. The decision regarding compensation is fully documented in writing by the organization.”

“There were no other officers or key employees compensated as directors. In 2024, two board members were compensated as a member of the cast and the individuals respective compensation was determined using the same method as other cast members based on role and responsibility.”

“The organizations financial statements, governing documents, and conflict of interest policy are available to the public upon request.”