Farmhouse Foundation

“The farmhouse foundation procedures for preparation of and internal appproval of form 990 prior to its submission to the internal revenue service consists of preparation by staff with assistance and counsel of an independent cpa”

“Followed by review and approval by farmhouse foundation's audit committee and board of trustees.”

“In order to ensure the proper, efficient and disinterested management of the foundation no officer, director or key employee shall have any outside commitments,personal or otherwise, that would prevent him or her from acting in the”

“Best interest of the foundation. For purposes of this statement of policy, the term "key employee" shall be deemed to mean an employee of the foundation who exercises policy- making functions, whether or not such employee is an elected”

“Officer of the foundation. Nothing in this statement of policy shall be deemed to preclude any person from being a director, officer or key employee of another similar”

“Educational foundation entity. Acting in the best interest of the foundation includes not participating or engaging directly in any business activity which will or could”

“Conflict with the interests of the foundation. Trustees review and sign the policy on an annual basis.”

“The policy on the process for determining compensation applies to the compensation of the chief executive officer/ executive director of the foundation. The process includes: the compensation of the person annually is reviewed and”

“Approved by the board of trustees of the foundation, provided that persons with conflicts of interest with respect to the compensation arrangement at issue are not involved in this review and approval. The compensation of”

“The person is reviewed and approved using various data including comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. There is contemporaneous”

“Documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangement.”

“The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request or by walk-in only.”

“Expenses $168,445 including grants of $168,445 in program services for the foundation staff to administer the educational grants in support of the international fraternity, chapters, associations and individual members.”

“Expenses $11,339 including grants of $11,339 computer technology - computers and affiliated technology for chapter houses. Grants were made to 5 chapters and associations affecting nearly all chapter members directly.”

“Expenses $31,000 including grants of $31,000 research - provided grants for research initiatives to help inform data-decision making for farmhouse fraternity's”

“Educational programs, demonstrate the positive impact of fraternity and advance the organization's mission.”

“Leadership grants for farmhouse fraternity, 4)computers and affiliated technology, 5)general support.”

“Prior year is 7/1/23 - 6/30/24, two years back is 7/1/22 - 6/30/23, three years back is 7/1/21 - 6/30/22 and four years back is 7/1/20 - 6/30/21”

“Changes in value of split-interest agreements”