Secured Finance Foundation

“The form 990 is prepared by an outside, independent accounting firm. A draft copy of the form 990 is presented to the board for review and comment prior to filing with the irs.”

“Each officer and member of the executive committee is required to annually sign a statement which affirms that such person read and understands the conflict of interest policy and agrees to comply with it. In addition, any material changes in their annual statement must be immediately reported. The executive committee regularly and consistently monitors and enforces compliance with this policy by reviewing annual statements and taking action as necessary. In addition, periodic reviews of compensation arrangements and contracts as well as partnerships, joint ventures and arrangements with management organizations are performed. Outside advisors may be used in this process if it is deemed necessary.”

“All salaries are paid through secured finance network, inc., a related entity. The foundation reimburses secured finance network,inc. For a portion of greg slowik,cfo's salary. The board of secured finance network, inc. Has an executive compensation committee which reviews all executive compensation. Their determination of salaries is based on review of the employee's job performance and comparison to the salary levels of other tax-exempt organizations. Their decisions are fully documented.”

“All governing documents and financial statements are available to the public upon request.”

“The organization was formed on june 4, 1990 to provide grants and/or gifts to assist and support students enrolled in educational programs dealing with asset based lending and to make grants and/or gifts to assist and fund secondary schools, colleges and universities in support of their asset based lending educational programs.”

“The organization was formed on june 4, 1990 to provide grants and/or gifts to assist and support students enrolled in educational programs dealing with asset based lending and to make grants and/or gifts to assist and fund secondary schools, colleges and universities in support of their asset based lending educational programs.”

“Market sizing study: program service expenses 0. Management and general expenses 68,252. Fundraising expenses 0. Total expenses 68,252. Quarterly member surveys: program service expenses 0. Management and general expenses 53,626. Fundraising expenses 0. Total expenses 53,626.”

“There have been no changes to the process from the previous year.”