The Threshold Foundation

“The federal form 990 is reviewed by the board president, treasurer, and foundation director and provided to the full board of directors before filing with the internal revenue service.”

“The foundation seeks to conduct its grant-making and other activities in a way that is honest, open, fair, and merit-based. Grant-making process participants are required to fully disclose any current or past relationship with a grant-seeker, as described in paragraph three. Such a potential conflict of interest is to be disclosed to their fellow funding circle members when the organization is being considered for evaluation or funding. Board members and executives should also disclose a potential conflict of interest when threshold foundation is considering an organization or person to contract with for services. Board members and executives sign a conflict of interest policy disclosure statement annually. Circle members who are sponsors or who have a significant potential conflict of interest will recuse themselves from the board's decision-making process in regard to the business item in question. Similarly, board members and executives should recuse themselves from decision-making meetings in regard to contracting with an organization or person with whom the member or executive has a potential conflict of interest. In such cases, the sponsor, board member, or executive may still participate in the general discussion of the organization, but must afterward leave the room, permitting the final discussion and decision to be made in his/her absence.”

“The salary of the foundation director, joan briggs, is based on observing salray level of other similar organizations. Threshold hired an outside consultant to perform this compensation survey. Any salary changes are reviewed and approved by the board of directors.”

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

“Consultants: program service expenses 182,382. Management and general expenses 118,201. Fundraising expenses 0. Total expenses 300,583. Honoraria: program service expenses 1,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,000. Payroll processing fees: program service expenses 809. Management and general expenses 347. Fundraising expenses 0. Total expenses 1,156.”