Local First for Business

“The executive director of the organization distributes a pdf copy of the 990 return to all board members for review and comment prior to being filed. At the first meeting of the board following the filing of the 990 with the irs, the complete form 990 is presented to the board by the organizations lead officers with responsibility over the form 990s review thereafter, questions are taken and the form, its preparation, and its public relation impact is discussed.”

“At each board and committee meeting, if there is a discussion of selecting or engaging a vendor or service provider, all in attendance are asked to recuse themselves from this discussion if there could be a perceived conflict. Annually, the organization reviews and discusses the conflict of interest policy and requests that each board member list and acknowledge any known conflicts.”

“The executive committee reviews the compensation for the executive director by comparing her compensation to the compensation of individuals in like positions, in comparable organizations using forms 990, compensation studies, and other available data. The committee then approves any changes in compensation based on this information. The organization has no other paid officers or employees meeting the irs definition of a key employee.”

“Requests for copies of the organizations governing documents, conflict of interest policy, and financial statements may be made in writing or in person at the organizations main business location. All such requests are fulfilled in a timely manner.”

“Other fees for services the organization hires photographers, journalists, graphic designers, social media specialists, cartologists, and website developers to produce the organizations publications, which are distributed through various social media channels and are available on their website.”