Bsa Foundation

“An electronic copy of the completed form 990 is provided to the treasurer and the finance committee for review. After their review, a copy of the form 990 is provided to the board of trustees prior to the return being filed.”

“As a nonprofit institution, we uphold the public trust and meet all legal requirements, which extends to responsibilities of our employees and board members. It is our policy to address any potential conflicts openly, transparently and appropriately. This usually begins with individual trustees and staff identifying any potential conflicts of interest that may exist. It is important to avoid actual as well as apparent conflicts of interest. It is important that individuals make the appropriate individuals aware that a conflict may exist and should be assessed. It is the responsibility of the trustee or employee to disclose the conflict prior to engaging in any discussion related to decision making. If a trustee discloses a potential conflict: they may personally recuse themselves from the discussion and any voting; ask the foundation chair to determine whether a conflict exists. If the chair determines there is a conflict, the trustee will be asked to recuse themselves, leaving the subsequent discussion and vote; if a board member questions the chair's decision, the decision is reviewed and voted upon by the board. The decision of the board is final. The minutes of the meeting should clearly reflect that the trustee involved did not participate nor vote on the issue at hand. Each trustee signs a copy of this policy as part of the code of conduct and ethics. Each employee signs the employee handbook, which includes the conflict of interest policy.”

“The compensation is voted upon by the bsa board of directors and determined by reviewing the 990 of other organizations and the results of a compensation survey.”

“The organization makes all documents available upon request.”

“Consulting expense: program service expenses 0. Management and general expenses 245,993. Fundraising expenses 0. Total expenses 245,993. Operating expenses:miscellaneous hr: program service expenses 0. Management and general expenses 2,271. Fundraising expenses 0. Total expenses 2,271. Operating expenses:major gifts: program service expenses 0. Management and general expenses 0. Fundraising expenses 50,191. Total expenses 50,191.”

“Net unrealized gain on long term in -544,019.”