Broad Street Ministry

“The executive committee consists of the chair(s) 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 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 repeal-able 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 form 990 is prepared by an independent accounting firm and then the coo and executive director will review the form 990 and forward it to the chair of finance and audit committee for review and then distribution to the rest of the board.”

“The organization has a conflict of interest policy that applies to its directors, principal officers, and members of a committee with governing board delegated powers ("covered persons"). Per the policy, disinterested directors are responsible for reviewing any actual or potential conflict of interest between the organization and a covered person and for determining an appropriate organizational response to protect the interests of the organization. Covered persons are also under a continuing obligation to disclose any actual or potential conflict of interest as soon as it is known or reasonably should be known. If there is an actual or potential conflict of interest between the organization and a covered person with respect to a specific proposed action or transaction, the resolution is 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 contractors: program service expenses 240,382. Management and general expenses 13,296. Fundraising expenses 37,722. Total expenses 291,400. Payroll processing fees: program service expenses 13,531. Management and general expenses 2,054. Fundraising expenses 4,615. Total expenses 20,200.”