Challenge Unlimited Inc.

“James greeley nancy greeley dev. Dir. Vice-pres. Married”

“Prior to the annual audit the finance committee reviews the end-of-year profit and loss and balance sheets and presents them to the board of directors for review, together with a proposed budget for the following year (accomplished at november board meeting and reviewed again in december). After the audit, the executive director brings any proposed budget changes to the finance committee and the board reviews and again approves the budget with any changes at a february meeting or at the annual strategic planning meeting at the end of january, early february. When the draft financials are received, executive director shares the draft form 990 and financial statements with the finance committee and then the board for approval prior to filing. Any questions are brought to the auditor by the executive director for clarification or question, and/or the auditor attends a meeting of the finance committee and/or the board to answer any questions or clarify any issues. The audited financial statements are presented formally to the board, advisory council and invited guests at the annual meeting in june.”

“Challenge unlimited has a conflict of interest policy. It is included in the policies and procedures handbook given to all employees upon hire, as well as to all board members and volunteers, and we require a written acknowledgement that the policy has been received, read and understood and that the party agrees to abide by the policy. Monitoring is an ongoing process. Full time staff meet weekly to go over issues and the board governance committee meets regularly and reports to the board.”

“The board reviews the compensation and salary package of the executive director annually. The salary did not change in 2020. The executive director stepped down from that position june 30, 2020 and remains on staff as director of grants and donor relations. Typically the executive director proposes further salary levels as part of the budget proceedings and decisions become part of the board approved budget. No independent parties are brought in for review of this data, although sometimes opinions and statistics are sought by members of the governance committee as part of the process. In 2020 the salaried positions were reviewed and altered because of the covid-19 pandemic, with staff returning to previous salary levels as the restrictions lifted throughout the year.”

“Salaries and wages for employees other than the executive director are determined and approved by the board through the budgeting process.”

“The organization's forms 990 and 1023 are available on the organization's web site, on guidestar and upon request at the organization's office. The conflict of interest policy is in all our policies and procedures binders kept in our main office, given to all employees and volunteers and is available to anyone upon request.”

“To provide and promote educational, therapeutic, athletic and recreational services for individuals with disabilities and to provide educational and recreational activities using horses and the working farm environment for people with and without disabilities.”

“Change in fair value of beneficial interest in age 12,336”