International Soap Box Derby Inc

“The executive committee is made up of board officers - chair, vice chair, secretary & treasurer. Executive committee meets in the off months that the full board does not meet, and has the ability to approve actions without full board approval.”

“The return is prepared by an independent accounting firm and reviewed by the ceo and the board of directors prior to filing with the internal revenue service.”

“The soap box derby conflict of interest policy requires officers, directors, trustees, and key employees to annually disclose any interests that could potentially give rise to conflicts. This policy ensures transparency and integrity by mandating that these individuals identify and report any personal or professional interests that may conflict with the organization's best interests. The organization regularly and consistently monitors and enforces compliance with this policy through established procedures, such as recording potential conflicts in meeting minutes and requiring board members to withdraw from decisions where conflicts are identified. Additionally, the policy mandates that it be reviewed and the disclosure form signed by each soap box derby board member, ensuring ongoing adherence and accountability.”

“The board reviews the performance of the organization and based on budgetary allowance, compensation is determined annually. The process described here was last completed in 2023.”

“Governing documents, policies, and public 990 are made available upon request.”

“Outside consulting fees: program service expenses 7,624. Management and general expenses 51,564. Fundraising expenses 0. Total expenses 59,188. Payroll expenses: program service expenses 72. Management and general expenses 289. Fundraising expenses 0. Total expenses 361.”