Franciscan Works

“A Board member and an officer are married to each other.”

“There are no committees with authority to act on behalf of the governing body.”

“A draft of the Form 990 is available for review by the Finance Committee no less than one month prior to the due date. The Finance Committee has no more than two weeks to complete their review of the Form 990. The Finance Committee conducts a top-level or big-picture review. Once the initial review is completed, a meeting will be scheduled with the preparer to discuss any questions, comments, and suggested revisions identified by the Finance Committee. The preparer then makes any revisions necessary. All questions, comments, and suggested revisions are documented with any responses from the preparer. After the Form 990 has been reviewed by the Finance Committee and filed with the Internal Revenue Service, the Finance Committee will make a presentation at the next full Board of Directors meeting to update the full Board regarding its review of the Form 990. It is not required to review all of the questions, comments, and suggested revisions; a summary of the more important points is sufficient.”

“Board Members have instituted a procedure that each member must complete a Conflict of Interest Policy Questionnaire annually.”

“A member of the Board has done research regarding reasonable pay including comparability data regarding the compensation for the Development Director and the compensation for the bookkeeper.”

“The following organizational documents of Franciscan Works will be available for inspection or copying at the organizations main office during normal business hours at no charge: Tax Exemption Application (Form 1023), Internal Revenue Service Determination Letter, Articles of Incorporation, and By-Laws. The public inspection copy of the organization's Form 990 from the previous 3 years will be available at the organization's main office during normal business hours at no charge. The public inspection copy of the Form 990 will not include the Schedule A excess contributors or the Schedule B names and addresses of contributors. The organization will make best efforts to insure that the Forms 990 held at their main office are the most updated versions. (For example, amended returns). When responding to a public inspection request for any organizational document or Form 990 by anyone, the organization shall fulfill such request in a timely fashion without inquiring as to the reason for the public inspection request.”