Broad Street Ministry

“The executive committee may exercise all of the powers and authority of the board, except that it shall not have any power or authority as to the following: (i) the creation or filling of vacancies in the board; (ii) the adoption, amendment or repeal of the bylaws; (iii) the amendment or repeal of any resolution of the board that by its terms is amendable or repealable only by the board; and (iv) action on matters committed by the bylaws or a resolution of the board exclusively to another board committee. The executive committee consists of the chair of the board, the chair of each of the standing committees and any additional members of the board selected by the board. All members of the committee are required to also be voting members of the board of directors.”

“The form 990 is prepared by an independent accounting firm and is then reviewed by the cfo and executive director. Once this review is complete, the form 990 is forward to the chair of finance and audit committee for review, and then the form 990 will be distributed to remaining board members prior to filing with the internal revenue service.”

“The compensation of the executive director and cfo was most recently reviewed by the board in june of 2019. There were no salary adjustments from 2017 to 2018. The board's compensation review process included the use of an independent external consultant, magis consulting, that provided benchmarking data for similar non-profit organizations from the following five external salary surveys: nonprofit times salary and benefits report, guidestar nonprofit compensation report, wage and benefit survey of southwestern pennsylvania nonprofit organizations by pano, pennsylvania nonprofit salary and benefit report, and tsne mission works compensation and benefits survey of nonprofits in southern new england. The compensation review process, deliberation and final decisions are documented in the board meeting minutes.”

“Upon request the financial statements are submitted to all parties seeking the information for a variety of reasons (grant applications, etc). The organization goes not make its governing documents or conflict of interest policy available for public inspection.”

“Outside conractors: program service expenses 233,374. Management and general expenses 2,818. Fundraising expenses 66,245. Total expenses 302,437. Interns: program service expenses 39,324. Management and general expenses 0. Fundraising expenses 0. Total expenses 39,324. Payroll processing fees: program service expenses 3,965. Management and general expenses 490. Fundraising expenses 387. Total expenses 4,842.”