Ms Foundation for Women Inc

“The ms. Foundation for women retains an external accounting firm to prepare and file its form 990. Prior to filing, an initial review of the form 990 is conducted by management and the audit committee. An electronic copy of the form 990 is then sent to the full board of directors for their review. Any comments or questions are addressed by management and the audit committee prior to filing.”

“A conflict of interest disclosure statement is completed annually by directors, officers, committee members and key staff members. If a conflict of interest exists, it is addressed at the board meeting. If there is a potential conflict at the board level, the member will recuse him or herself from deliberations and voting on that issue. The minutes of any meeting at which a conflict of interest transaction is considered must reflect all details of the matter.”

“The executive committee of the board is responsible for reviewing the ceo's performance and salary on an annual basis. As part of the compensation review, the committee reviewed external data on compensation levels and benefits for similarly qualified individuals in comparable positions. The committee last reviewed the ceo's compensation around june 2023. When hiring new vp's and c-suite positions, initial offer is based on external benchmarking and input by recruitment consultants as to the market value of such positions. Overall, annual vp/coo/cao compensations are reviewed and approved by the ceo based on the overall budget as approved by the board. Compensation surveys are also leveraged. The process was last undertaken around june 2023. The ceo's compensation was approved by the board members and documented in the minutes.”

“The ms. Foundation for women, inc. Makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The form 990 is available on the organization's website, guidestar.org, and other charity evaluator websites. In addition to the form 990, the financial statements, articles of incorporation, by-laws and conflict of interest policy are available upon a written request or by calling the organization directly.”

“Consultants & outside services: program service expenses 1,720,871. Management and general expenses 441,034. Fundraising expenses 256,194. Total expenses 2,418,099. Recruitment: program service expenses 934. Management and general expenses 5,095. Fundraising expenses 21. Total expenses 6,050.”

“Write-off of uncollectible pledges -932,314. Expense transfer / admin allocation -200. Grant refund 350,000.”

“The organization has a committee that is responsible for the oversight of the audit of its financial statements and selection of an independent accountant. The process has not changed from the prior year.”