Meadowbrook Foundation Inc

“The form 990 was prepared by the outside accountants. The draft 990 was emailed to board members with directions for review prior to filing. If changes are needed and made the return will be resent to the board prior to filing.”

“The conflict of interest policy applies to directors, officers, and employees; a close relative of a director, officer or employee, or a significant other or domestic partner of a director, officer or employee. To avoid a conflict, or even the appearance of a conflict, all employees, officers, directors or trustees disclose any potential conflicts to the general manager, and/or the board of directors and seek consent prior to entering into any potential conflicting relationships. It is the policy of meadowbrook foundation, inc., that the existence of any of the interests described in the policy be disclosed as soon as the conflict is recognized before any transaction is consummated. The board determines whether a conflict exists and in the case of an existing conflict whether the contemplated transaction may be authorized as fair and reasonable to meadowbrook foundation inc.”

“The board of directors reviews the general manager's compensation, usually annually, and decides the amount of an increase, if any, based upon the years activities and the foundation's finances. The last review took place december 2024. The general manager determines compensation for all other employees and reviews compensation annually. Increases are awarded based upon performance, longevity and the market.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“Entry fees: program service expenses 68,700. Management and general expenses 0. Fundraising expenses 0. Total expenses 68,700. Farrier expense: program service expenses 67,907. Management and general expenses 0. Fundraising expenses 0. Total expenses 67,907. Contract training & instruction: program service expenses 51,974. Management and general expenses 0. Fundraising expenses 0. Total expenses 51,974. Trailering: program service expenses 51,970. Management and general expenses 0. Fundraising expenses 0. Total expenses 51,970. Repairs and maintenance: program service expenses 49,016. Management and general expenses 882. Fundraising expenses 77. Total expenses 49,975. Bad debt expense: program service expenses 0. Management and general expenses 34,000. Fundraising expenses 0. Total expenses 34,000. Horse, barn, & show supplies: program service expenses 23,177. Management and general expenses 0. Fundraising expenses 0. Total expenses 23,177. Auto and truck expense: program service expenses 21,194. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,194. In-house horse show expense: program service expenses 20,501. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,501. Pasture: program service expenses 20,220. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,220. Payroll service fee: program service expenses 0. Management and general expenses 11,299. Fundraising expenses 0. Total expenses 11,299. Miscellaneous: program service expenses 4,540. Management and general expenses 2,024. Fundraising expenses 49. Total expenses 6,613. Dues and subscriptions: program service expenses 3,205. Management and general expenses 983. Fundraising expenses 85. Total expenses 4,273.”