Historic Slavonian Hall Foundation

“The board of directors have one vote each at board meetings regardless of their position.voting on resolutions requires majority approval there are no shareholders or additional members at this time.the board directors vote on actions and resolutions. Board members each cast a single vote for issues such as strategic planning matters approving a business plan approving a budget and other business matters.”

“Internal revenue form 990 is forwarded by email to all board members for review and audit. The form 990 is then presented at the board meeting for final review discussion and voted approval prior to irs submission”

“Policy lays out expectations of conduct by and between officers directors employees and the non-profit. Annually these guidelines are reviewed and discussed for compliance and understanding”

“Governance documents including conflict of interest policy form 1023 and federal form 990ez and 990 are made available for public inspection upon request”

“The treasurer gathers all financial reporting documents needed to prepare the federal form 990. Then prepares the draft federal form and provides it to the board of directors for review. 2024 is the first year that the irs 990 was required . For all prior years the income of the foundation was under the $200000. Threshold. Irs form 990ez was completed for prior years 2022 and 2023. The draft 990 including all required schedules is provided to the board for review and audit. After the presidents initial review the 990 is distributed to all board membersd for review and approval. An authorized foundation representative signs the federal form 990 after which it is filed with the internal revenue service.”