Ballot Initiative Strategy Center Foundation

“The board of directors reviews and approves the audited financial statements, along with the federal form 990. Bisc foundation's counsel also reviews the draft version of the federal form 990 prior to filing with the internal revenue service.”

“In order to address a conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors or, if applicable, to the executive committee when considering the proposed transaction or arrangement. If the board or executive committee has reasonable cause to believe a director has failed to disclose actual or possible conflicts of interest, it shall inform the director of the basis for such belief and afford the director an opportunity to explain the alleged failure to disclose. If, after hearing the director's response and after making further investigation as warranted by the circumstances, the board or committee determines the director has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary corrective action.”

“Prior to determining a compensation increase for the executive director, a compensation analysis is completed by the human resources staff. This analysis is compiled using salary information from form 990s and surveys from similar organizations. This information is provided to the board of directors for their use in determining a salary increase for the executive director as part of an annual evaluation process. Any increase in compensation for this position requires approval of the board of directors. The executive committee of the board of directors then provides a letter or email to the human resources staff on the newly approved salary and effective date.”

“Bisc foundation's makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Payroll services: program service expenses 13. Management and general expenses 2,003. Fundraising expenses 0. Total expenses 2,016. Consulting: program service expenses 254,570. Management and general expenses 63,760. Fundraising expenses 0. Total expenses 318,330. Recruitment: program service expenses 0. Management and general expenses 312. Fundraising expenses 0. Total expenses 312.”

“Bisc foundation does not directly hire or compensate employees. All employees are employees of bisc, that is tax exempt under irc section code 501(c)(4). The total number of employees from bisc that were shared with bisc foundation were 12 during the year ended december 31, 2016. Bisc and bisc foundation have a cost sharing agreement pursuant to which bisc foundation reimburses bisc for bisc foundation's share of any employee time devoted to its activities. Employees receive a w-2 from bisc.”