4Word

“The bylaws were amended to insert rules and regulations regarding the new advisory board for the organization. The new article in the bylaws contains the following: section 1: composition. The advisory board shall be made up of no more than 20 non-voting persons who are interested in the purposes and principles of 4word and who participate in 4word's activities and governance in an advisory capacity. The advisory board shall not have nor exercise the authority or duties of the board of directors. Section 2: appointment. Advisory board members shall be appointed by the president or board chairman, in consultation with the board of directors. The advisory board is a volunteer board and its members may resign or be removed at any time, with or without cause. Section 3: term. Unless otherwise terminated, the initial term of any new advisory board member is one year, after-which the member may be invited to serve additional terms. After serving an initial one year term, advisory board members may serve an unlimited number of three year terms. Section 4: meetings. The advisory board will meet regularly, at least no less than twice annually. Members may participate in quarterly meetings in person or by teleconference, and will be invited to attend various functions and 4word leadership retreats. Section 5: duties. The duties of the advisory board members are as follows: (a) understand and support the activities and mission of 4word. (b) advise 4word's officers and board of directors from time to time, on matters presented to the advisory board. (c) attend at least two quarterly calls per year (d) attend either the leadership retreat or the 4word gala (e) attend 4word: local group events in your city or anothe city whenever possible. Two events recommended per year and, (f) financially support 4word global operations through direct contribution or personal fundraising at the level of $2,500 per year.”

“A copy of form 990 is provided to the organization's governing body for review. The draft return must be approved by the board's voting members prior to filing.”

“The board of directors annually sign a statement indicating that they read, understand, and comply with the conflict of interest policy.”

“The organization makes its governing documents and financial statements available to the public upon request.”

“Other: program service expenses 0. Management and general expenses 100. Fundraising expenses 69,873. Total expenses 69,973.”

“Temporary difference for in-kind expense recognition 6,000.”