Narrow Gate Foundation

“The two individuals that are co-executive directors and are also board directors are husband and wife - william spencer and stacy spencer, respectively. In addition, the board secretary and board vice president are husband and wife - wanda stone and jerry stone, respectively. Lastly, the chairman of the board, phil stoner, is married to a board director, beth stoner.”

“The organization will review the 990 with the full board of directors prior to filing the return with the irs on its deadline date of november 17th. This form 990 is reviewed for accuracy with its financial information as well as its governance and policies information.”

“The organization does have a written conflict of interest policy that is read by each board member and then signed by each board member on an annual basis. Adherence to this policy is monitored througout the year by discussion of such topic at its board meetings as well as by the administrative director (who also serves as board secretary) who monitors all financial and operational transactions closely and maintains such financial and operational records for the organization.”

“The independent members of the board of directors annually reviews and approves compensation for officers.”

“The organization makes its governing documents and financial statements available on a third-party website - the community foundation of middle tennessee's giving matter database which is accessible to anyone in the general public via pulling down the respective files via website. Also both governing documents and financial statements are available to the public upon request.”

“Servant tables: program service expenses 31,498. Management and general expenses 0. Fundraising expenses 0. Total expenses 31,498. Gas: program service expenses 26,654. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,654. Contract labor: program service expenses 18,750. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,750. Telephone: program service expenses 13,320. Management and general expenses 1,186. Fundraising expenses 1,550. Total expenses 16,056. Vehicle expenses: program service expenses 15,501. Management and general expenses 195. Fundraising expenses 0. Total expenses 15,696. Bank and merchant fees: program service expenses 0. Management and general expenses 10,271. Fundraising expenses 0. Total expenses 10,271. Computer expenses: program service expenses 2,683. Management and general expenses 165. Fundraising expenses 118. Total expenses 2,966.”

“The organization has not amended its bylaws concerning board officer changes.”