Spur Local Inc.

“The preparer presents the draft form 990 to the finance committee. The finance committee brings the draft before the full board for approval prior to filing.”

“Board members of the organization will annually complete and sign our conflict of interest policy. As stated in the policy, board and key staff must notify the board chair when any possible conflicts of interest arise. If a possible conflict of interest arises, it is referred to the executive committee or to a relevant board committee for review. The board makes final decisions as to whether or not a conflict of interest exists and appropriate actions, if required.”

“The salaries of the executive director was based on a comparison to salaries of executives at nonprofits of similar size in the dc region. The salaries were also based on a desire to ensure their election as executive director, and the proposed expansion of staff, did not have a material impact on the organizations salary expense. All of this information was included in a proposal submitted to and approved by the full board, all of whom were independent.”

“The salaries of key employees were based on their experience, as well as salaries paid to nonprofit staff holding the same or similar positions at nonprofits of similar size located in the dc region. This information was included in the budget proposal that was submitted to and approved by the full board, all of whom were independent.”

“The organization governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“Program Service Expenses 88,441, Grants and allocations 0, Revenue 49,900 SPUR LOCAL SUPPORTS OTHER COMMUNITY INITIATIVES BY OFFERING FISCAL SPONSORSHIP OPPORTUNITIES AS WELL AS NONPROFIT CONSULTING AT BELOW-MARKET RATES ON A RANGE OF TOPICS, INCLUDING STRATEGIC PLANNING, BOARD ENGAGEMENT, STAFF MANAGEMENT, AND OTHER RELATED AREAS. OUR TEAM COMPLETED FIVE CONSULTING PROJECTS AND SUPPORTED ONE COMMUNITY INITIATIVE THROUGH FISCAL SPONSORSHIP IN FY 2023.”

“Organizations mission continued - access to donors, networks, information, and relationships - elevating their voice and impact, empowering them, and working with them to strengthen our communities.”

“The finance committee, part of the board of directors, reviews the audited financial statements and recommends their acceptance by the full board. The finance committee also makes a recomendation on the selection of an independent accountant who will audit the organization financial statements.”