Firecracker Forum

“The 990 is reviewed by selected members of the board of directors and then distributed to all board members prior to filing.”

“The conflict of interest policy includes a duty to disclose: 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 governing board delegated powers considering the proposed transaction or arrangement. 4. Violations of the conflicts of interest policy a.if the governing board or committee 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. B.if,after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest,it shall take appropriate disciplinary and corrective action.”

“The board of directors decide the salary and benefits of the president of the agency. The board, which includes independent members, have assessed fair and equitable compensation based on compensation of managers of agencies of similar size, field and location to firecracker math.”

“Wages and salaries of staff are determined by the president, with oversight of the board of directors. The wages and salaries are based upon compensation of employees of agencies of similar size, field and location to firecracker math”

“Governing documents are available upon written request to the agency.”

“Instructors - firecracker frm 136,393 0 0 professional fees -other 5,606 0 0 contract services 70,243 0 0 total 212,242 0 0”

“Prior period expense reimbursements 2,045 program income from prior year 111,517 total 113,562 when the books were converted from quickbooks desktop to quickbooks online and linked with merchant banks, it was discovered that program revenue from the prior year had not been recognized in the amount of 111,516.70. In addition, there were refunds received for expenses paid in prior years in the amount of 2,045. This results in a net asset adjustment of 113,562.”