Generation Serve

“Part vi, line 8b: this line is not applicable for the organization in 2021. The executive committee, which has authority to act on behalf of the governing body, did not have any formal meetings in 2021.”

“Part vi, line 11b: the finance committee assists in preparation and review of the form 990. After their review is complete, the executive director and treasurer review is performed. Finally, the form 990 is sent and presented to the full board for review before filing.”

“All board members are required to review and confirm compliance with the conflict of interest policy annually at the beginning of the year. This process was completed january 2021.”

“The board relied upon the advice of a professional consultant to determine the compensation for the executive director position. In addition, line 15b is not applicable to the organization in 2021. There are no other officers or key employees that are compensated.”

“The organization makes its governing documents and conflict of interest policy available to the public upon request. Its financial statements are available on the organization's website, via the annual report, and upon request.”

“Contract labor: program service expenses 25,415. Management and general expenses 40,645. Fundraising expenses 750. Total expenses 66,810.”

“The organization maintains a donor restricted fund (the "fund") with the austin community foundation (the "foundation"). In accordance with guidance provided by the foundation, gifts solicited by the organization for their fund at the foundation are recorded by the foundation as gifts, not as a liability. The organization does not record the gifts as revenue nor does it record the fund as an asset. The fund's balance as of december 31, 2021 was $37,041.”