Free Press Action Fund

“No committee has authority to act on behalf of the governing body.”

“Generally, an electronic copy of the form 990 is distributed to all members of the audit oversight committee (chair, treasurer, and assistant treasurer) which reviews it and the organization's financial statements during a meeting with the certified public accountant retained to prepare these documents. Once the audit oversight committee is satisfied with the accuracy of the information presented, a copy of the form 990 is sent to all board members prior to filing. Each year the entire governing body is offered the opportunity to meet with the organization's certified public accountant to review the audited financial statements and to discuss the financial management practices of the organization. This is an optional meeting designed to allow the governing body direct access to the cpa.”

“All officers, directors, trustees, and key employees are required to disclose annually interests that could give rise to conflicts. Signed documents are collected at the annual meeting of the governing body. If a real or perceived conflict is reported the procedures in the policy are followed.”

“Each position at free press action fund has a pay range. Ranges are determined after review of comparability data, including compensation information received directly from peer organizations, compensation data from the federal government pay scale, and research on non-profit compensation conducted by guidestar, regional employer associations, and job postings. Management includes compensation data for all staff, including the executive director and key employees, in the annual budget that is reviewed and approved by the board of directors in advance of each fiscal year. A detailed memo outlining the organization's values around compensation, the highest and lowest paid employee and how compensation changes within any fiscal year is provided along with the budget. The board approves the budget in advance of each fiscal year. Compensation changes during any fiscal year are at the discretion of management, and must remain within the board approved budget. Mid-year changes to the ceo's compensation, if any must be reviewed and approved by the board of directors.”

“Free press action fund will provide copies of governing documents, conflict of interest policy and financial statements upon request and within 10 business days of any request.”

“Other professional services: program service expenses 98,435. Management and general expenses 7,175. Fundraising expenses 22,210. Total expenses 127,820.”

“The organization's chair, treasurer and chief operating officer assume responsibility for oversight of the audit of the financial statements and selection of independent accountant. The process has not changed from the prior year.”