Keep Indianapolis Beautiful Inc.

“The board of directors approved updated by-laws in april to include the investment committee, a permanent subcommittee of the finance committe. The investment subcommittee is responsible for teh review and amendment of the investment policy, the management and oversight of the organization's various funds, and the direction and monitoring of the investment management of fund assets.”

“The form 990 is reviewed by the business director and audit committee. The board is emailed a copy of the form 990 in advance of its filing with the opportunity to review it at each individual's discretion.”

“Each year, keep indianapolis beautiful requires all board members to review and sign the conflict of interest policy and also disclose potential conflicts of interest on that form. In addition, at the opening of every meeting of the full board of directors, the board chair calls for disclosure of potential conflicts. When a conflict arises, the board member must disclose it to the executive committee of the board (in the case of officer, directors and committee chairs/members). Each such individual must then excuse himself from voting or taking any other action on behalf of kib regarding any matter involving their interests. Upon disclosure of such a conflict, voluntarily or otherwise, the executive committee can recommend to the board that the individual having the conflict resign his position with kib or take other action to remove the conflict. Any failure to disclose a conflict of interest may subject the individual to removal from office, or other form of discipline, as determined by the executive committee of the board or the president.”

“The executive committee of the board of directors uses an informal survey of area nonprofits to determine the president's salary.”

“Financial statement information is available through the annual report which is mailed to donors and key partners, as well as posted to the website. The organization makes available upon request all documents required to be provided for public inspection.”

“Watering services: program service expenses 525,503. Management and general expenses 0. Fundraising expenses 0. Total expenses 525,503. Contract labor: program service expenses 853,921. Management and general expenses 0. Fundraising expenses 89,000. Total expenses 942,921. Other outside services: program service expenses 221,078. Management and general expenses 34,887. Fundraising expenses 27,831. Total expenses 283,796.”

“The organization's board of directors assumes the oversight of the audit and selection of an independent accountant. The selection and review process has not changed from the previous year.”

“During the year ended december 31, 2024, the organization conducted a comprehensive review of the estimated useful lives of its fixed assets. As a result of this review, the organization determined certain assets had an estimated useful life that was significantly different from the previous estimates. The revised estimates reflect changes in the expected utility and usage patterns of these assets and are based on a more accurate assessment of their economic benefits over time. This adjustment is reflected in the accompanying financial statements as an increase in accumulated depreciation and a decrease in net assets of $287,660 as of december 31, 2023, as well as an increase in depreciation expense of $32,556 during the year ended december 31, 2023.”