Green Beret Foundation

“The executive director distributes the completed form 990 to the board of directors for review. If the board members have any questions, the executive director addresses those inquiries.”

“1. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the board or executive committee. Any director may recuse himself or herself at any time from involvement in any decision or discussion in which the director believes he or she has or may have a conflict of interest, without going through the process for determining whether a conflict of interest exists. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the board or executive committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or executive committee members shall decide if a conflict of interest exists. An interested person may make a presentation at the board or executive committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The chairperson of the board or executive committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the board or executive committee shall determine whether gbf can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the board or executive committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in gbf's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, it shall make its decision as to whether to enter into the transaction or arrangement. Each director, principal officer and member of a committee with board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflict of interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Understands gbf is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. 2. Each voting member of the board shall annually sign a statement which declares whether such person is an independent director. 3. If at any time during the year, the information in the annual statement changes materially, the director shall disclose such changes and revise the annual disclosure form. 4. The executive committee shall regularly and consistently monitor and enforce compliance with this policy by reviewing annual statements and taking such other actions as are necessary for effective oversight.”

“The executive director ("ed"), with the assistance of the director of finance, conducts research to identify fair and equitable compensation rates for the market that are commensurate with the job description, duties, and level of experience. As part of the regular budget cycle, the ed includes costs/titles for projected hires for the upcoming year and includes the results of the compensation research. The board of directors then approves or changes the budget and line items. For hires outside the normal budget cycle, the ed forwards the job description, offer letter, and supporting research to the board of directors for approval. The board then approves or makes a recommendation to change, then negotiates with the individual. Final approval of the compensation requires a vote of the majority of the board members.”

“Green beret foundation makes the governing documents, conflict of interest policy, and financial statements available to the public when requested by letter or e-mail. Green beret foundation then mails or e-mails those documents to the requester.”

“The green beret foundation ("gbf") continues to strive for excellence by developing programs and services and/or collaborating with allied organizations that share our core values and passion for selflessly serving us army special forces members. We continuously adapt our approach to ensure we are taking advantage of opportunities to collaborate with organizations that share our passion to support the special forces regiment and community members. Gbf formally absorbed oasis group in late 2018 with the explicit intent to preserve an invaluable service provided to the special forces community. Gbf has brought oasis group's services under the gbf as part of our next ridgeline program that provides green berets the tools and resources to successfully transition from military service to the civilian workforce and beyond. This is a niche service that has over a decade of proven performance, and it has become an invaluable resource to our constituents. The program provides unique and tailored va claims assistance enhancing the gbf's next ridgeline program and truly filling a gap for active duty, retired, and separated green berets and family their dependents. To expand this additional capability gbf has applied to the department of veterans affairs to be recognized as a national veterans service organization. This will allow the gbf to file claims and represent army special forces veterans before the va.”

“Consulting: program service expenses 194,950. Management and general expenses 9,000. Fundraising expenses 16,501. Total expenses 220,451. Outside services: program service expenses 0. Management and general expenses 12,029. Fundraising expenses 8,108. Total expenses 20,137. Licenses and fees: program service expenses 11,337. Management and general expenses 140. Fundraising expenses 3,498. Total expenses 14,975. Bank fees & merchant fees: program service expenses 31,732. Management and general expenses 9,101. Fundraising expenses 5,123. Total expenses 45,956. Fees for services: program service expenses 0. Management and general expenses 43. Fundraising expenses 0. Total expenses 43.”