Forefront

“Any organization or individual which subscribes to the purposes and basic policies and contributes annual financial support to the continuing operation of this corporation in the amount determined from time to time by the board of directors, may become a member of this corporation.”

“Each member shall be entitled to one vote on each matter submitted to a vote of the members.”

“With the assistance of the chief financial officer, outside accountants prepare the 990. The chief financial officer reviews a draft of the 990 and compares numbers to audited financial statements. The forefront president & ceo and the chief financial officer review the draft with the audit/finance committee members at a scheduled meeting. The draft is provided to the entire board for review. The board is invited to a conference call to ask questions and offer comments to the president and ceo and the chief financial officer.”

“The organization identifies each board member and employee with a stated conflict of interest or potential and maintains a list of the stated conflicts / potential conflicts.”

“Ceo: president's performance review committee: consists of the following board members - board chair, audit/finance committee chair, and treasurer. Comparability data obtained from other regional associations of grantmakers and from other nonprofit organizations. Annual decision process is substantiated in writing. Committee makes recommendation to board. Top management and all other employees: ceo and chief financial officer present salary pool recommendation to audit/finance committee based on change in cpi, organization's financial situation, and other relevant information.”

“Public disclosure of 1023 - the organization is not required to make its 1023 application available to the general public as it was formed prior to 07/15/1987.”

“Recent audited financial statements are available on the illinois attorney general's website. Governing documents and conflict of interest policy are not available to the general public.”

“During the year, the fiscal sponsorship agreement with illinois black advocacy initiative (ibai) terminated, and the net assets of that program were released to ibai.”

“Program consultants: program service expenses 2,069,583. Management and general expenses 275,957. Fundraising expenses 17,124. Total expenses 2,362,664. Hr: program service expenses 148,900. Management and general expenses 28,287. Fundraising expenses 1,294. Total expenses 178,481. Other fees for services: program service expenses 32,895. Management and general expenses 6,249. Fundraising expenses 285. Total expenses 39,429.”

“Transfer of funds to ibai -1,327,889.”

“Amended return explanation the organization is amending form 990 to reflect the reclassification of contributions recognized in the incorrect period and the resulting change in net assets. Schedule a and schedule b are updated accordingly. Additionally, certain net assets have been reclassified to reflect donor restrictions. Finally, a minor error in the functional expense classification of management expense is corrected.”