Team Impact

“The finance & audit committee, board treasurer, c.e.o., and chief operating officer, as well as an outsourced accountant, all review the form 990 in detail before it is filed. The finance & audit committee provides approved copies of the return to all board members for review prior to filing.”

“Team impact regularly reviews transactions and discusses all aspects of the organization with the board of directors as well as management. All officers, directors, members of a committee and key employees are covered under said policy. Covered persons must disclose the existence of their financial or personal interest and all material facts to the directors, officers, and members of any committees with board-delegated powers considering the proposed transaction or arrangement. Determinations of whether a conflict of interest exists are made at the board level, with assistance from committees, with the interested person's absence from discussions and determination. Records of the proceedings shall be captured in the board or committee meeting minutes. Annual statements shall be executed by all such covered persons following the annual board meeting each year. Restrictions imposed on persons with a conflict, if one is determined to exist, include prohibiting the party with conflict from participating in discussion of, and the deliberation and vote on, the transaction or arrangement that gave rise to the conflict of interest.”

“Team impact has a regular review process related to c.e.o./e.d. Compensation by an executive compensation committee, last undertaken at the fy23 q4 board meeting. Review and approval by executive compensation committee used comparable data for similar positions in organizations, including publicly available 990 filings and internet resources as well as contemporaneous documentation of deliberations and decisions kept in corporate records. Other key employee compensation adjustments are conducted as part of the annual performance management program, which includes a review of performance, an assessment of salary relative to similar positions within the organization and outside of the organization, and other market based factors (geography, years of experience, etc.). As part of this decision making process the ceo and relevant executive team members examine comparable data for the positions available via public 990 filings and other internet resources. Ultimately, salary adjustments are presented as part of the budget development process, which are vetted by relevant executive team members, considered by the ceo for review and approval and finally presented to the board of directors as part of the overall budget approval process.”

“In compliance with irs requirements, team impact makes their annual form 990 filing available to the public upon written request to the organization, led by their audit and finance committee. In addition, team impact publishes their yearly audited financial statement(s) and form 990(s) on their website. The organization's governing documents and conflict of interest policy are not made available to the public.”

“SAME AS PRIOR YEAR.”