Caringbridge

“The organization's executive committee consists of the board chair, vice chair, secretary, treasurer, and three additional board members. The executive committee is responsible for financial oversight, overall strategic planning, resource planning/evaluation, and managing external relationships.”

“The form 990 is prepared by an independent accounting firm and reviewed by the chief executive officer and a combination of the executive committee and the finance committee prior to filing with the irs. The form 990 will be distributed to all board members prior to filing with the irs.”

“When drafting the agenda for each board or committee meeting, the chair and caringbridge staff review the agenda and any possible conflicts of interest. The board or committee reviews any possible conflicts, then determines if there is an actual conflict of interest. The conflicted director/employee is not permitted to participate in decision making or vote on the transaction in question. All proceedings related to conflicts of interest are reflected in the meeting minutes.”

“The process for deteriming compensation for the ceo includes all of the following elements: (1) compensation is reviewed by and approved by the executive committee; (2) compensation is reviewed on an annual basis and approved using data of comparable pay for similarly qualified persons in functionally comparable positions at similarly situated organizations; (2) there is contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding comp arrangements in emails and/or the meeting minutes. This process was last conducted in may 2021 with the hire of a new ceo. The process for making compensation decisions for officers and key employees includes all of the following elements: (1) compensation of each individual is reviewed and approved by the ceo in consultation with human resources manager; (2) compensation of each individual is reviewed on an annual basis and approved using data of comparable pay for similarly qualified persons in functionally comparable positions at similarly situated organizations. This process occurs each year in january.”

“The organization makes its governing documents and conflict of interest policy available to the public upon request. In addition, current and past years' audited financial statements and forms 990 are available on the organization's website.”

“Outsourcing: program service expenses 217,798. Management and general expenses 65,298. Fundraising expenses 6,586. Total expenses 289,682. Business development: program service expenses 24,811. Management and general expenses 7,439. Fundraising expenses 750. Total expenses 33,000. Recruiting: program service expenses 149,278. Management and general expenses 44,755. Fundraising expenses 4,514. Total expenses 198,547. Payroll processing: program service expenses 4,411. Management and general expenses 1,323. Fundraising expenses 133. Total expenses 5,867. Contracted services: program service expenses 715,761. Management and general expenses 214,593. Fundraising expenses 21,644. Total expenses 951,998.”