The Parris Foundation Inc

“TPF maintains meeting minutes for all meetings of the Board of Directors, but not for all subcommittee meetings.”

“Organization's Process to Review Form 990: The Form 990 and related state return were reviewed and signed by the Board President and Treasurer.”

“Each board member is required to sign a written conflict of interest policy each year. Any conflicts of interest are to be disclosed on each member's signed copy.”

“Compensation for the Tonya Parris (President) for her non-profit strategy consulting services were compared against comparable positions in the field. Compensation was approved by the Executive Committee.”

“Governing Documents Disclosure Explanation: TPF makes its governing documents and financial statements available to the public upon request, and on GuideStar.”

“Revenue Down by $25K: Prior year included a one-time equipment sale and several individual gifts received before year-end. In the current year, no similar gifts were pledged. Additionally, a major donor who had contributed in prior years was unable to give this year due to illness. Corporate Contributions Down: Prior year corporate giving included both sponsorships and one-time gifts due to initial excitement around the new Bowl-A-Thon launch. In the current year, all corporate funds were structured as sponsorships, reducing ad hoc giving.”

“Assets Down: The $41K decrease reflects amortization of our right-of-use lease asset -- an expected accounting adjustment, not a decline in operational capacity.”

“"Other" expenses totaling $33,032 include: $1,447 (program) and $9,394 (management) for Professional Services, and also $22,191 (fundraising) for Special Event Expense and Grant Writing.”

“All Other Expenses: Participant meals includes $5,079 paid by the Foundation to provide participants with meals, less $0 received in donations to help pay for the meals. This nets to $5,079. The $53 is for bank charges & processing fees associated with fundraising.”