Elevate Foundation Inc

“Elevate foundation adopted restated bylaws effective may 24, 2023. These bylaws appoint elevate rapid city as the sole member of elevate foundation. The restated bylaws also define the composition of the board of directors and describe the role of the sole member in appointing elevate foundation's board members, which is described in schedule o for part vi, line 7a of this 990.”

“The sole member of elevate foundation inc is elevate rapid city.”

“The board of elevate foundation shall be comprised of the executive committee members of elevate rapid city. In addition, the executive committee members may appoint up to four additional directors for elevate foundation's board. The executive committee member terms shall be coterminous with their service on the elevate rapid city executive committee. Directors appointed by the elevate rapid city executive committee shall serve a term of up to three (3) years, which may be extended or renewed by a vote of the executive committee members. In the event a vacancy occurs on the elevate foundation board, if it involved an executive committee member of elevate rapid city, the vacancy shall be filled by the elevate rapid city board. If the vacancy involves a director who is not an elevate rapid city executive committee member, the vacancy will be filled via election by the remaining elevate foundation directors present at the meeting.”

“The form 990 is prepared by a certified public accountant who reviews it with management. A copy of the form 990 is provided to the board prior to filing.”

“On at least an annual basis each director will provide a written report to the secretary disclosing any conflicts of interest or potential conflicts of interest. If the director has no potential or actual conflicts of interest the annual report shall so state. Any perceived or actual duality or conflict of interest or possible conflict of interest on the part of any director or officer shall be disclosed to the board and made a matter of record in the minutes of the board meetings at any time when the duality or possible conflict of interest first becomes known to the person who may have such duality or conflict. An interested person may make a presentation at the board or committee meeting, but after the presentation, he shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. Any member of the board having a duality of interest or any possible conflict of interest which could conflict with the interests of elevate foundation shall abstain from voting on the matter in question and shall abstain from using his personal influence in any way on the matter. His vote shall not be counted in determining the quorum for the meeting. The minutes of the meeting shall reflect that a disclosure was made, his abstention from voting, and the quorum situation.”

“Generally, only a copy of the 990 is made available to the general public. Specific requests for other information are reviewed by the president and discussed with the board of directors for consideration.”

“Project consulting fees: program service expenses 6,142. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,142. Video production: program service expenses 6,372. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,372. Contract researcher fees: program service expenses 16,664. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,664.”

“This process has not changed from the prior year.”