Bike Walk Kc

“A copy of the 990 is reviewed by the executive director prior to filing.”

“If a board member has an interest in a proposed transaction with the organization in the form of a significant personal financial interest in the transaction or in any organization involved in the transaction he or she must make full disclosure of such interest before any discussion or negotiation of such transaction. Any member who is aware of a potential conflict of interest shall not be present for any discussion of or vote in connection with the matter. A transaction involving a board member may be approved provided the material facts of the transaction and the member's interest are disclosed to the board in advance of approval and the board approves the transaction in good faith reasonably believing it is in the best interest of the organization.”

“Upon request, the organization makes it governing documents, conflict of interest policy, and financial statements available to the public.”

“Administrative support services: to ease administrative burdens and maintain efficiency in administrative processing bike walk kc is administering all payroll operations and facilities operations for other 501(c)(3) tax exempt organizations. A cost-sharing pool has been established whereby employees performing work for other nonprofits are paid through bike walk kc. Bike walk kc also shares office space and administrative expenses. Under agreed-upon terms the other nonprofit reimburses bike walk kc for the services performed by and expenses incurred by bike walk kc. This new activity revenue is reported as admin/support services on part viii. The related expenses are maintained in their natural expense classification on part ix.”