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 october 2022. 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.”

“Grain: program service expenses 66,375. Management and general expenses 0. Fundraising expenses 0. Total expenses 66,375. Horse, barn, & show supplies: program service expenses 56,978. Management and general expenses 0. Fundraising expenses 0. Total expenses 56,978. Repairs and maintenance: program service expenses 54,854. Management and general expenses 0. Fundraising expenses 0. Total expenses 54,854. Farrier expense: program service expenses 48,110. Management and general expenses 0. Fundraising expenses 0. Total expenses 48,110. Trailering: program service expenses 15,580. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,580. Pasture: program service expenses 14,588. Management and general expenses 0. Fundraising expenses 0. Total expenses 14,588. Auto and truck expense: program service expenses 11,669. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,669. Miscellaneous: program service expenses 0. Management and general expenses 11,048. Fundraising expenses 0. Total expenses 11,048. Personal property taxes: program service expenses 0. Management and general expenses 10,522. Fundraising expenses 0. Total expenses 10,522. Show groom: program service expenses 9,979. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,979. In-hourse horse show expense: program service expenses 4,470. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,470. Payroll service fee: program service expenses 0. Management and general expenses 4,419. Fundraising expenses 0. Total expenses 4,419. Dues and subscriptions: program service expenses 2,325. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,325.”