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 2018. 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.”

“Farrier expense: program service expenses 52,536. Management and general expenses 0. Fundraising expenses 0. Total expenses 52,536. Repairs and maintenance: program service expenses 41,707. Management and general expenses 1,044. Fundraising expenses 0. Total expenses 42,751. Bedding: program service expenses 40,790. Management and general expenses 0. Fundraising expenses 0. Total expenses 40,790. Horse, barn, & show supplies: program service expenses 38,575. Management and general expenses 0. Fundraising expenses 0. Total expenses 38,575. Show groom: program service expenses 33,788. Management and general expenses 0. Fundraising expenses 0. Total expenses 33,788. Pasture: program service expenses 25,848. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,848. In-hourse horse show expense: program service expenses 17,193. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,193. Auto and truck expense: program service expenses 15,433. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,433. Trailering: program service expenses 8,685. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,685. Payroll service fee: program service expenses 0. Management and general expenses 6,471. Fundraising expenses 0. Total expenses 6,471. Taxes: program service expenses 0. Management and general expenses 6,024. Fundraising expenses 75. Total expenses 6,099. Dues and subscriptions: program service expenses 4,325. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,325. Miscellaneous: program service expenses 2,936. Management and general expenses 146. Fundraising expenses 0. Total expenses 3,082. Licenses and permits: program service expenses 1,739. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,739. Summer camp expense: program service expenses 1,443. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,443.”