Media Impact Funders Inc

“The 990 is prepared by a cpa firm and sent for review by the executive director. Once the executive director approves it, it is sent to the audit and executive committees for their review and approval. A final copy is sent to the entire board of directors for their comments and approval prior to filing.”

“Conflict of interest policy covers the board of directors. All checks are signed by the executive director who reviews the accompanying invoice for possible conflicts of interest. A conflict of interest form is circulated throughtout the board annually.”

“Before approving any compensation arrangement for directors or the corporation's executive director, the board shall determine that the total compensation to be provided by the corporation to such individual is reasonable in amount in light of the position's responsibilities and the individual's qualifications and prior relevant experience, including the results of an evaluation of the individual's prior performance for the corporation, if applicable. In making the determination, the board shall consider total compensation to include the salary and the value of all benefits provided by the corporation to the individual in payment for services. The board shall document in writing the terms of any approved compensation arrangements, the decision made by each individual who decided or voted on compensation arrangements, and the basis for its decisions regarding compensation, including the conclusions of the evaluation and the basis for determining that the individual's compensation was reasonable.”

“Documents are made available upon written request.”

“Program consultant 99,085 0 0 other outside services/temp 10,845 0 0 payroll service fees 0 2,946 0 403b account management 0 1,500 0 development consultant 945 0 0 organizational capacity 38 0 0 executive search 0 118,573 0 allocation -2,645 1,969 675 to covenings -24,673 0 0 total 83,595 124,988 675”