4Word

“Lisa kilgore is not a voting member. One of the voting members, pam johnson, was not independent as she was compensated as coo in 2020.”

“During 2020 thee organization's by-laws were changed for the duties of board members to be more robust. Changes primarily include include the addition of another quarterly call attendance requirement, attendance & financial support for the c level forum, to be a mentor or coach, to be a brand ambassador.”

“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 executive director 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 ceo/ed salary is in-kind. The coo's salary (2020) 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 executive compensation and success plan board committee's submitted compensation for a vote of the board. The vote was unanimous. Executive compensation was last reviewed in 2019. Key employee salaries were determined and reviewed by the ceo, independent board members and then the board at large. The organization used guidestar non-profit compensation report september 2018, payscale.com, church info (compensation guidelines for churches) and benchmarks against other dallas non-profits of similar size. A detailed compensation analysis was created to determine staff compensation, which was last reviewed in 2018.”

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

“To provide additional support to women holding c-level roles in their companies, 4word hosts an annual c-level forum to elevate and encourage these women to make a difference in the world.”

“As a result of the spread of the covid-19 coronavirus, women sought new ways to connect and find community in an uncertain world. The organization seized the opportunity to pivot to 100% virtual meetings and events during 2020 to continue to serve women where they were.”

“Professional fees: program service expenses 31,626. Management and general expenses 10,385. Fundraising expenses 0. Total expenses 42,011. Program development: program service expenses 166,357. Management and general expenses 3,111. Fundraising expenses 12,621. Total expenses 182,089. Podcast production: program service expenses 15,288. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,288. Payroll expense: program service expenses 2. Management and general expenses 0. Fundraising expenses 0. Total expenses 2.”