Lungevity Foundation Inc

“Andrea stern ferris, andrew stern, alexander stern and paul g. Stern - family relationship”

“The organization does not have any committees with the authority to act on behalf of the governing body.”

“Form 990 is reviewed first by the organization's president and chief operating officer and revised to include their feedback. It is then circulated to the finance and audit committee for their review, revised to include their feedback, and then approved by the finance and audit committee. An appproved copy of form 990 is then circulated to all members of the board of directors for their files.”

“The conflict of interest policy is regularly and consistently monitored and enforced through periodic review of the policy with board and staff, as well as vetting of any potential new vendors and contractors.”

“The finance committee and the governance committee of the board of directors of the lungevity foundation jointly determine the compensation of the president/chairman of the organization. All members of these two committees are free of conflicts of interest and the group consists of a number of accomplished business leaders who are quite capable to independently determine compensation for a senior organization official. They use a number of factors in order to determine compensation, including (1)their understanding of relevant compensation programs in both the for-profit and nonprofit sectors, (2) compensation surveys for nonprofit executives managing similar sized organization provided by industry employment and benefits consultants and (3) evaluation and performance metrics to judge the performance of the foundation.”

“All governing documents and conflict of interest policy are available to the public upon request. Financial statements are avaialble on the organization's website or upon request.”

“Event management: program service expenses 69,742. Management and general expenses 0. Fundraising expenses 17,435. Total expenses 87,177. Recruiting: program service expenses 2,444. Management and general expenses 511. Fundraising expenses 636. Total expenses 3,591. Program services: program service expenses 1,264,828. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,264,828. Content development: program service expenses 235,033. Management and general expenses 0. Fundraising expenses 0. Total expenses 235,033. Payroll services: program service expenses 5,214. Management and general expenses 1,089. Fundraising expenses 1,356. Total expenses 7,659.”