4Word

“Lisa kilgore, pam johnson, kathryn tack, and melissa harrison are not voting members.”

“The organization did not have a committee with authority to act on behalf of the board.”

“The cfo reviews the form 990 prepared by an independent accounting firm. A public disclosure copy of the form 990 is also provided to the organization's governing body for review prior to filing. The cfo and president then approve the return for filing.”

“The board of directors signs a statement that is attached to the policy indicating that they read, understand, and comply with the conflict of interest annually. If a member reports a conflict of interest issue, the board meets in compliance with the bylaws and determines whether the conflict is in the best interest of 4word. In addition, management monitors upcoming contracts and potential board and committee members to determine if conflicts exist.”

“The former ceo/ed salary is in-kind. The new ed salary hired in february 2024 was determined and reviewed by the former ceo/ed, chairman of the board and board at large using salary data obtained in 2023 from carter baldwin, an executive search firm (ultimately sourced from a 2022 candid compensation report) with a recommended range of $150,000 - $200,000. The coo's salary (2023) was determined and reviewed by the ceo, chairman of the board and board at large using guidestar nonprofit compensation report september 2018, payscale.com and benchmarks against other dallas nonprofits of similar size. The new coo's salary hired in 2024 was adjusted accordingly to take into account the salary data obtained in 2023 from the executive search firm as noted above for the ed's salary. The executive compensation and succession plan board committee's submitted compensation for a vote of the board. The vote was unanimous. Executive compensation was last reviewed in 2024. Key employee salaries were determined and reviewed by the ceo, independent board members and then the board at large.”

“The financial statements are posted on the organization's website, and the other governing documents na conflict of interest policy are available upon request.”

“In 2024, 4word launched an executive cohort program which executive women can join a small group of women (20 or less) committed to 3 in-person meetings and monthly connections to build increased support of one another. The program requires a 2-year committment to join.”

“Other professional fees: program service expenses 70,271. Management and general expenses 35,187. Fundraising expenses 18,377. Total expenses 123,835.”

“Cohort expenses: program service expenses 15,856. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,856. Emerging leaders expenses: program service expenses 5,622. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,622. Luncheon costs: program service expenses 0. Management and general expenses 0. Fundraising expenses 4,009. Total expenses 4,009. Bad debt expense: program service expenses 0. Management and general expenses 3,755. Fundraising expenses 0. Total expenses 3,755. Sales tax: program service expenses 0. Management and general expenses 58. Fundraising expenses 0. Total expenses 58.”