My Good Deed

“The return preparer sends a copy of the 990 to the organization for review. The director of finance works in conjunction with the outside accountant and executive director to ensure accuracy.”

“The conflict of interest policy is signed annually by the members of the board and reviewed by the president of the board. If there is an apparent conflict of interest, it is investigated immediately.in connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with board-delegated powers considering the proposed transaction or arrangement.if the president of the board has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the president of the board determines the member has failed to disclose an actual or possible conflict of interest, he shall take appropriate disciplinary and corrective action.”

“EACH YEAR, A COMPENSATION COMMITTEE CONSISTING OF THE CHAIRMAN OF THE BOARD, THE TREASURER, AND ONE NON-COMPENSATED BOARD MEMBER OF MYGOODDEED, SHALL CONVENE TO REVIEW, MODIFY AS NEEDED, AND APPROVE THE COMPENSATION TO BE PAID IN THE NEXT FISCAL YEAR TO ANY BOARD MEMBERS, DIRECTORS, OFFICERS OR KEY EMPLOYEES OF MYGOODDEED. In reviewing compensation, this committee shall take into account competitive compensation for similarly experienced executives in the nonprofit sector, the importance of these individuals to the organization, and other factors deemed significant by the committee. This review and approval process shall be completed by this committee prior to the end of each fiscal year, such that its decisions can be reflected in the overall annual operating budget of MyGoodDeed for the next fiscal year. If for any reason the committee does not complete its review by the start of the next fiscal year, then all such compensation shall remain unchanged for those already compensated board members, directors, officers or key employees providing they continue to be active in the organization. However, payment of compensation to these individuals may not be extended for more than six months from the start of the new fiscal year without review and approval by this committee, or in its failure to act, by the majority of the board of directors as a whole.”

“Governing documents, conflict of interest policy and financial statements are available to the public in the office, on-line, with guidestar, submitted with all grants gov. and otherwise, by request, etc.”

“Loss on sale of assets = $994”