Impact Foundation

“Susan Mathison, MD has a business relationship with J. Patrick Traynor.”

“There are no committees with the authority to act on behalf of the Board.”

“A copy of the final Form 990 is provided to each voting Board Member for their review prior to filing. The filed Form 990 will be an agenda item at the next scheduled board meeting for management to review with Board Members. Actions taken will be so noted in the minutes of the Board.”

“Board members and staff are required to review the conflict policy and declare any conflicts annually. In addition the Administrative Assistant notifies the Executive Director of any other conflicts that may arise during the year. If there are any conflicts, the Board is made aware of them and the Board member with a conflict is asked to abstain from voting. The process would be duly noted in the minutes.”

“The Executive Director's performance is reviewed annually by the Board members, excluding the Executive Director. Compensation is compared using the Council on Foundations annual salary survey and may also include comparison to other foundations of similar size and scope using their Form 990. Compensation changes are approved by vote of the Board with the Executive Director abstaining from voting.”

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

“Financial Literacy Initiative Fiscal Project Sponsorship - Provides financial literacy training to those who may not otherwise have access to such information through education regarding budgeting, home buying, insurance, investing, retirement planning and estate planning. Established in 2017. The Great North Pole Fiscal Project Sponsorship (The Great North Pole) - Helps families in financial hardship by leveraging national business relationships through local community partnerships - making financial gifts turn into retail goods that multiples the original donation many times over. (6.5 times in 2017). The Great North Pole became a 501(c)(3) effective December 2017. Badges of Unity Fiscal Project Sponsorship (Badges of Unity) - Works to unite all community members through building trusting relationships with at-risk youth and partnering with others to ensure a bright future for all. Badges of Unity works to strengthen current programs by connecting youth to after school activities in their neighborhood and developing new non-traditional after-school activities. Badges of Unity includes a 6-week academy where youth "job shadow" police officers. Badges of Unity also hosts "Fargo United" events in local parks with food, music and positive interactions with law enforcement.”

“Impact Procurement Technical Assistance Center (PTAC) programming was transferred to the North Dakota Department of Commerce effective October 1, 2017.”

“Professional Fees: Program service expenses 26,039. Management and general expenses 113. Fundraising expenses 0. Total expenses 26,152. Consultants: Program service expenses 224,902. Management and general expenses 0. Fundraising expenses 0. Total expenses 224,902.”

“Impact does not have a specifically appointed audit committee; however, the Board of Directors does assume responsibility for oversight of the audit of its consolidated financial statements and selection of an independent accountant.”