The Peaceworks Network Foundation

“The organization has its form 990 prepared by an outside accounting firm. It is then reviewed by management and a complete copy is sent to all members of the board of directors prior to filing for their review.”

“The organization currently has in place a conflict of interest policy that applies to any director, officer, key employee and any other persons who exercise the power of directors, officers, or key employee over the affairs of the organization, which it annually monitors and enforces. The audit committee mandates that all members of the governing body annually sign a conflict of interest policy and disclose any potential or actual conflicts that may exist. Completed disclosure statements must be provided by the secretary of the organization to the chair of the audit committee. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the interest and be given the opportunity to disclose all material facts to the audit committee. An interested person may make a presentation at the audit committee meeting, but after the presentation, he/she leaves the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The remaining audit committee members decide if a conflict of interest exists. Any proposed transaction must be approved by a majority of the members of the audit committee, excluding the interested person. If the audit committee has reasonable cause to believe an interested person has failed to disclose actual or possible conflicts of interest, it informs the interested person of the basis for such belief and affords the interested person an opportunity to explain the alleged failure to disclose.”

“The board co-chairs annually review the compensation of the executive director. The board co-chairs approve salaries after comparing to compensation at similar organizations and considering the employee's responsibilities. The board chairs approve increases to the executive director's salary and payments of bonuses. The board documents the deliberation and decision. The process was last performed in 2024.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similar types of websites. In addition,the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request.”

“The organization undertook a new program, peaceworks on campus, that was not listed on the prior year form 990.”

“Strategic advisory and program consulting: program service expenses 182,320. Management and general expenses 5,859. Fundraising expenses 5,857. Total expenses 194,036. Payroll service fees: program service expenses 6,782. Management and general expenses 2,464. Fundraising expenses 2,464. Total expenses 11,710. Communications/outreach services for campus program: program service expenses 99,999. Management and general expenses 0. Fundraising expenses 0. Total expenses 99,999. Speaker fees: program service expenses 19,975. Management and general expenses 1,500. Fundraising expenses 0. Total expenses 21,475.”

“The organization has a committee that is responsible for the oversight of the audit of its financial statements and selection of an independent accountant. The process has not changed from the prior year.”