Everthrive Illinois

“Individuals and businesses contribute membership dues to become members. Members receive information and e-mail communications describing activities with which the organization is participating. Board of directors are nominated from prior board of directors and may include organization members.”

“The board delegates to the finance committee the responsibility for reviewing form 990. After review and approval, the board of directors makes the form 990 available to all members to review.”

“Board members agree that a financial relationship may exist with regard to compensated employees and contractors. Accordingly, they agree to abide by a conflict of interest document obligating them to inform the board when a potential conflict can occur and agree to recuse themselves from meeting and voting where such issues are discussed. Should violations occur, the board shall take appropriate actions to either terminate the services of the employee or contractor; terminate the individual from the board of directors; and/or take other corrective action to indemnify the organization and prevent its recurrence. Board members also agree to recuse themselves from voting or participating in discussions on matters where there is the appearance of a conflict of interest. Annually, board members sign and update a conflict of interest disclosure form.”

“Line 15a a subcommittee of the board, acting as a compensation committee, evaluates comparable salary and benefits in other exempt organizations of similar size and budget along with performance measures to determine reasonable compensation and benefits. This is presented and approved by the board of directors and documented accordingly. Line 15b there are no other compensated officers or key employees at this time. Human resources committee obtains comparability data and reviews past performance and/or obtains letters of recommendation for future services to be rendered.”

“The governing documents, conflict of interest policy, and financial statements are available upon request.”

“Other - contractual: program service expenses 239,635. Management and general expenses 17,944. Fundraising expenses 0. Total expenses 257,579.”

“Prior period adjustment for change in accounting principle -200,000.”

“During 2019 the organization had a change in acounting principle upon adopting asu 2018-08. In implementing this new asu, the organization changed its revenue recognition policy for government grants. The asu was applied retrospectively and as a result net asset as of june 30, 2017 decreased by $200,000.”

“The audit committee oversight and selection process has not changed from the prior year.”