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 march 2023. 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 69,675. Management and general expenses 0. Fundraising expenses 0. Total expenses 69,675. Farrier expense: program service expenses 69,618. Management and general expenses 0. Fundraising expenses 0. Total expenses 69,618. Repairs and maintenance: program service expenses 65,562. Management and general expenses 0. Fundraising expenses 0. Total expenses 65,562. Horse, barn, & show supplies: program service expenses 52,657. Management and general expenses 0. Fundraising expenses 0. Total expenses 52,657. Grain: program service expenses 48,797. Management and general expenses 0. Fundraising expenses 0. Total expenses 48,797. Miscellaneous: program service expenses 29,249. Management and general expenses 1,016. Fundraising expenses 0. Total expenses 30,265. Pasture: program service expenses 23,815. Management and general expenses 0. Fundraising expenses 0. Total expenses 23,815. Trailering: program service expenses 21,915. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,915. Training rides: program service expenses 21,616. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,616. Auto and truck expense: program service expenses 16,397. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,397. Payroll service fee: program service expenses 0. Management and general expenses 7,416. Fundraising expenses 0. Total expenses 7,416. Show groom: program service expenses 4,900. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,900. Dues and subscriptions: program service expenses 3,118. Management and general expenses 239. Fundraising expenses 0. Total expenses 3,357. In-hourse horse show expense: program service expenses 840. Management and general expenses 0. Fundraising expenses 0. Total expenses 840.”