My Possibilities

“When the form 990 is completed, it is circulated to the board of directors, the audit and finance committee, and the management. Questions and comments are reviewed and addressed by the appropriate management, cpas on the audit and finance committee, or lawyers, as appropriate. Changes deemed applicable are incorporated into the form. Any significant issues are circulated to the board and final actions are recorded in the board minutes.”

“In the first quarter of each calendar year, the conflict of interest policy is circulated to the board of directors, the audit and finance committee, management, and staff for disclosure of possible conflicts of interest. The director of people engagement (hr) and the hr manager review the responses. Any significant potential conflicts are taken to the board for resolution. If a discussion is needed on the potential conflict and the affected individual is present at the board meeting, the individual is asked to leave the board meeting while the board discussess the potential conflict or conflicts. The board votes, the individual impacted does not vote, and the discussion and vote is recorded in the minutes of the meeting. As potential conflicts arise during the year, the process is repeated.”

“The board monitors and annually reviews the executive director's performance and recommends compensation based upon the results, as well as a review of current market rates for similar positions. All board members are independent.”

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

“Write-off of uncollectible pledges -12,500. My possibilities and it's related affiliates are currently undergoing a consolidated audit for the 2020 financials. However, the audit was still incomplete at time of filing.”

“The board of directors assumes the responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from prior years.”