National Lgbtq Task Force Action Fund

“The organization has one member: the national lgbtq task force.”

“The single member has the right to elect members of the board of directors.”

“The by-laws cannot be amended without a vote from the member, the national lgbtq task force.”

“The form 990 was prepared by the outside accountants and reviewed by senior management. The 990 was distributed to the board before it was filed with the irs.”

“Board members and staff file an annual conflict of interest disclosure statement. The board chair (for board memebers) and the chief financial officer (for staff) review disclosed and/or arising conflicts. The board resolves conflicts of its members with the affected memeber(s) recused. The executive director resolves conflicts associated with the staff.”

“The executive director is an employee of the national lgbtq task force, a related entity. The compensation of the executive director was determined by the related organization's board of directors by using comparable data. This process was documented in the organization's board minutes. The amount of the executive director's salary that is reported on part ix, line 5 was determined by a written agreement between the national lgbtq task force action fund, the board of directors of the related organization, and the national lgbtq task force.”

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

“Consultants: program service expenses 9,258. Management and general expenses 0. Fundraising expenses 300. Total expenses 9,558. Interns/fellows: program service expenses 2,181. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,181. Other professional services: program service expenses 5,425. Management and general expenses 4,800. Fundraising expenses 0. Total expenses 10,225.”

“The task force and the action fund have entered into an agreement whereby the employees of the task force perform a variety of administrative, program, financial, fundraising and other services on behalf of the action fund. In addition, both organizations share office space and allocate various other administrative costs between each other based on management's estimate and employee efforts. For the year ended june 30, 2016, the action fund incurred administrative expenses totaling $13,204.”

“The audit committee oversees both the audit and selection of an independent auditor. The process has not changed from the prior year.”