Dave Thomas Foundation for Adoption

“Wendy thomas morse and pamela farber are sisters.”

“Dave thomas foundation for adoption bylaws were amended in december 2019. The amendment updated article iii, section 3.02 to increase the maximum number of voting trustees to twenty-four. The trustees shall consist of seven wendy's corporate members, seven wendy's franchisee members, seven public members, and two members of the r. David thomas family. In addition, the president & ceo of the corporation shall be an ex officio member with voting rights. The amended bylaws were also updated to include terms of office in article iii, section 3.03. The update states that members, with the exception of the president & ceo of the corporation and thomas family members, are elected for and serve a term of three (3) years and may be re-elected for one (1) additional three (3) year term. Members who fill an unexpired term may be re-elected for two (2) additional three (3) year terms. Thomas family members are elected for and serve a term of three (3) years and may be re-elected for unlimited three (3) year terms. Article v, committees, was updated to include a marketing committee and an organizational effectiveness committee.”

“The form 990 was reviewed internally by the financial management team and president. Upon their review a final draft of form 990 was sent via email to the board for their review prior to filing with the irs. They were asked to submit any questions/concerns to foundation management within 3 business days.”

“Each board member, staff and key volunteers shall annually complete a disclosure form identifying any relationships, positions or circumstances in which they believe could contribute to a conflict of interest arising. Any potential conflict of interest shall be treated as confidential and shall generally be made available only to the board chair, the president & ceo, and any committee appointed to address the situation.”

“The executive committee of the board of trustees is responsible for establishing compensation for the foundation's ceo; the full board is responsible for approval. On an annual basis, the executive committee establishes the compensation of the president & ceo based upon prior year performance and data comparing similar organizations, region of the country and budget capacity. The executive committee and full board of trustees reviews and approves the annual budget that includes budgeted increases for the remainder of the staff. The president & ceo then determines, within the parameters set by the board, what the individual salaries of the staff will be, including increased compensation based on cost of living, merit, and/or position amendments.”

“The foundation maintains a copy of its form 990 and audited financial statements on its website. The governing documents and conflict of interest policy are available upon request.”

“The organization's oversight process has not changed from the prior year.”

“Grant recovery 1,649,209.”