Bittersweet Inc.

“All members of the governing body (board of trustees) had equal voting rights on all matters that came before the board, unless a conflict of interest required a member to abstain. The organization's executive committee, composed of the elected officers of the board (president, vice president, secretary, and treasurer), is authorized to act on behalf of the full board in matters of routine business or in emergencies when timely action is required. All members of the executive committee are also members of the board of trustees. The executive committee does not include any individuals who are not members of the governing body. Any actions taken by the executive committee are reported to the full board at the next scheduled meeting.”

“Bittersweet, inc. Is a nonprofit corporation with members, as defined in its bylaws. Individuals can become members by applying and paying annual dues. Members in good standing have the right to vote on certain matters, including electing the board of trustees. The board is not made up solely of members, so members do have a role in choosing the organization's leadership. Members do not vote on other major decisions, and they do not receive any share of the organization's income or assets, including in the event of dissolution.”

“The organization has one class of members who apply and are accepted, and who pay annual dues as set by the board of trustees. Members in good standing have the right to vote on certain matters, including the election of the board of trustees. Members do not vote on other significant decisions of the board.”

“Amendments to the bylaws require approval by a majority vote of the members in good standing, either in person or by proxy, at a meeting where a quorum is present. Other significant decisions of the governing body are not subject to member approval.”

“Once the draft form 990 is finalized, it is shared with all members of the board of trustees for review. Trustees are given a reasonable period to examine the document and raise any questions or concerns. After all feedback has been addressed and the review process is complete, the form 990 is submitted to the irs.”

“An annual disclosure form is required, and conflicts are documented and resolved in accordance with the organization's conflict of interest policy as they arise.”

“The bittersweet inc. Board has used both an independent outside hr consultant and an accounting and auditing firm to analyze market survey compensation data paid to the executive director. Each year the salary of the executive director is reviewed and approved by the bittersweet inc. Board. All decisions are documented within the board minutes of bittersweet inc. The process described here was last completed in 2023.”

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request. Bittersweet, inc. Presents its financial statements monthly at board meetings. These board meetings are open to the public.”

“Contracted medical and therapy services: program service expenses 15,200. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,200. Consulting & management fees: program service expenses 23,306. Management and general expenses 127. Fundraising expenses 0. Total expenses 23,433.”

“Capitalization policy disclosure: bittersweet, inc. Has adopted a formal capitalization policy in accordance with irs regulations and medicaid icf requirements. The organization capitalizes all newly purchased assets, maintenance and repairs that extend the useful life of an asset, and minor equipment purchases that exceed $500 per item or invoice. This threshold is applied consistently across all departments and entities. Expenditures below the $500 threshold are expensed in the period incurred. This policy is designed to ensure accurate financial reporting and compliance with applicable federal and state guidelines.”

“Change in interest of net asset of supporting foundation 20,328.”