Out of Eden Walk

“An independent public accounting firm prepares the return with the assistance of management, after which the draft form 990 is provided to the full board of directors for review prior to filing. Board members are given an oppportunity to ask questions, suggest edits, and ensure the accuracy and completeness of the return. Final approval is documented in the board's meeting minutes, and the signed return is then submitted to the irs.”

“Article 9 of the organization's bylaws state that all officers, directors, and board members must annually sign a statement that affirms they have received, read, understood, and agreed to comply with the conflict of interest policy.”

“Out of eden walk 501(c)(3) employs a compensation decision making policy to ensure fair and reasonable rates of executive compensation. The board of directors is responsible for using market rate as an objective standard for calculating executive pay and yearly cost-of-living increases. The board of directors is responsible for conducting research inside and outside of the nonprofit sector for determining market rate. Executive compensation must be compared with that of a for-profit company of comparable size and with a similar mission to help define a fair and reasonable market rate figure. The board of directors is also responsible for referring to job descriptions, which include the organization's priority qualifications for executive staff, to help determine fair and reasonable rates of executive compensation. Our decision making process prioritizes board-conducted performance reviews, equal pay guiding principles, objectivity, and data-driven research and benchmarking against comparable organizations. Certain contractual relationships with external organizations, such as the national geographic society, have contractual stipulations about founding executive compensation. These must be approved by the board.”

“The organization's governing documents are available on the new mexico attorney general's charity website. The conflict of interest policy is also available on that site as it is in article 9 of the organization's bylaws.”

“Administrative fees: program service expenses 15,647. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,647. Civic engagement project: program service expenses 0. Management and general expenses 10,000. Fundraising expenses 0. Total expenses 10,000. Consulting services: program service expenses 24,000. Management and general expenses 9,488. Fundraising expenses 0. Total expenses 33,488. Guide services: program service expenses 39,469. Management and general expenses 0. Fundraising expenses 0. Total expenses 39,469. Program services: program service expenses 1,200. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,200. Curator services: program service expenses 0. Management and general expenses 25,000. Fundraising expenses 0. Total expenses 25,000.”

“The financial statements have been prepared on the cash-basis of accounting, modified to include the capitalization of assets and respective depreciation expense.”