Firelight Foundation

“There are no other committees that can act on behalf of the full board of directors.”

“The federal form 990 is reviewed in detail by the treasurer, the finance committee and the executive director. It is then shared with the entire board of directors for their review prior to filing with the internal revenue service.”

“The board members sign a conflict of interest policy on an annual basis. All board members and advisory council members are asked at each meeting to declare any conflicts of interest they may have. If any conflicts of interest arise, the board members will discuss the next steps and document how to rectify the situation. The conflict of interest policy for employees is incorporated into the employee handbook, which all employees sign when they are first employed and when there is a significant revision to the handbook. If a conflict of interest should arise, the conflict and the resolution of the conflict are documented in a memo reviewed by the executive director.”

“The executive director's salary is set by the board of directors, by reviewing other exempt organizations federal form 990 and a compensation survey or study. Other employees' salaries are set according to a salary schedule where jobs are ranked and there is a predetermined salary range for each ranking. These ranges are benchmarked against other similar organizations, so that the salaries are both reasonable and competitive. The last compensation study was conducted in september 2022.”

“The articles of incorporation, bylaws, and conflict of interest policy are available on request. The audit report and federal form 990 are posted on firelight's website.”

“Fiscal sponsorship consultants: program service expenses 439,663. Management and general expenses 0. Fundraising expenses 0. Total expenses 439,663. Learning & evaluation consultants: program service expenses 124,896. Management and general expenses 0. Fundraising expenses 0. Total expenses 124,896. Capacity building: program service expenses 96,879. Management and general expenses 0. Fundraising expenses 0. Total expenses 96,879. Management consultant: program service expenses 29,984. Management and general expenses 104,055. Fundraising expenses 32,140. Total expenses 166,179. Recruiting: program service expenses 0. Management and general expenses 87,898. Fundraising expenses 0. Total expenses 87,898.”

“Transfer of fiscal sponsorship -874,191.”

“Firelight entered an agreement with children's rights and violence prevention fund (crvpf) to act as the fiscal sponsor. During 2023, crvpf has spun off as a separate entity and firelight transferred all unspent funds related to the fiscal sponsorship to crvpf, including $75,000 budgeted operating expenses to be spent and allocated to crvpf, and $799,191 unspent contribution received from one donor on behalf of crvpf. As of june 30, 2023, firelight paid $75,000 to crvpf and $799,191 was paid on july 5, 2023 which included in funds held for transfer of fiscal sponsorship due to crvpf in the accompanying statements of financial position as of june 30, 2023.”