Fire Family Foundation

“3 firefighters first federal credit union board members”

“The foundation's form 990 is prepared by the foundation's external certified professional accounting firm based on information provided by the foundation, and in consultation with the foundation's staff, board chair and treasurer. Firefighters first federal credit union donates staff time and accounting support to the foundation (in addition to other support) to assist in this process, in support of the foundation's charitable mission. The draft form 990 is reviewed with the foundation's board at a board meeting and a complete copy of the final form 990 is distributed to the full board prior to filing with the irs.”

“Fire family foundation's board of directors has adopted a conflict of interest policy covering its directors, officers and managers. The policy requires disclosure of all material facts relating to an actual or potential conflict of interest, and requires submission of an annual disclosure form as well as disclosure of any such conflicts that arise during the year. The policy requires that determinations of whether a conflict exists and whether to approve a transaction or matter involving a conflict of interest be addressed by the board or a committee thereof. The policy provides that the individual having the conflict of interest may address the board or committee at which point such transaction is being considered, but subsequently must leave the meeting prior to the discussion and the vote.”

“The compensation of the foundation's executive director was determined through a process designed to ensure that the compensation was reasonable, and was based on external benchmarks and comparability data. The same process was followed when hiring the foundation's development associate, the only other paid employee. Line 15b is answered "no" because the foundation did not have any paid officers or key employees during 2023 other than its executive director.”

“These documents were not made available to the public during 2024. Other information regarding the foundation is made publicly available on the foundation's website, in addition to the information availabe on its form 990.”