Compass Connections

“Business relationships: per the irs instructions, certain business relationships between the organization's current officers, directors, trustees, or key employees, as reported in part vii, section a, must be disclosed. Because of the interrelated nature of the filing organization with its related entities (as disclosed on schedule r), all of the officers and directors with overlapping responsibilities have business relationships with each other.”

“Significant changes to governing documents: in 2022, the organization filed a restated certificate of formation and adopted new bylaws. The changes reflect: a new office address, new board composition, and established the executive director as the chief operating officer and a representative of the company. The changes also reflect that compass connections' controlling company's name was changed from bcfs to firstday foundation.”

“Power to appoint members of the governing body: the board of trustees of firstday foundation, as the parent company of the organization, has the power to elect members of the organization's governing body.”

“Process to review form 990: the treasurer reviews the 990 by comparing the prior return with the current return. In addition, all financial data on the 990 is reconciled to the financial statements. After review is made by the treasurer, the treasurer will then review the return with the president before considering finalizing the return. The form 990 is provided to the board members via its internal intranet prior to filing.”

“Monitoring compliance with the conflict of interest policy: all members of the governing board and officers are covered with the conflict of interest and compliance policy and requirements. All members of the governing board and officers must complete a conflict-of-interest disclosure on an annual basis. If a conflict of interest should arise, the person associated with the conflict is excluded from discussion, debate and decision making on the matter. This shall include the person with the conflict being excluded from a meeting where any matter associated with the conflict is discussed.”

“Determining compensation for the organization's top management official: the executive director's compensation, paid by a related organization, is reviewed on an annual basis utilizing national and regional salary survey data for equivalent positions with similar nonprofit organizations. The market analysis is examined by the chief operating officer of the parent organization and any compensation modification is recommended and discussed with the chairman of the board of directors. With the concurrence of the board chairman, the compensation is included in the annual operating budget which is contemplated and acted on by the entire board of directors. Approved compensation adjustments are recorded in the personnel record of the executive director along with the rationale for any compensation modification.”

“Determining compensation for other officers or key employees: other officer compensation, paid by a related organization, is reviewed on an annual basis utilizing national and regional salary survey data for equivalent positions with similar nonprofit organizations. The market analysis is examined by the chief operating officer of the parent organization and any compensation modification is recommended and discussed with the chairman of the board of directors. With the concurrence of the board chairman, the compensation is included in the annual operating budget which is contemplated and acted on by the entire board of directors. Approved compensation adjustments are recorded in the personnel record of the executive director along with the rationale for any compensation modification.”

“Availability of documents: the 990, financial statements, governing documents, and conflict of interest policy will be provided upon request to the public by contacting the firstday foundation corporate office.”

“George cowden compensation: george cowden, vice-chair/secretary, receives compensation from a related organization for legal services provided to the organization. No part of his compensation was provided for his service as a board member.”

“Undertaking of program services not listed in prior year 990: compass connections provides critical services to meet the needs of vulnerable families through foster care and adoption services, residential services, and family support services.”

“Significant program services: the 501(c)(3) was repurposed with the intent to link more children and families to support services nationally. These services include residential services, foster and adoption services, and family support services.”

“Other changes in net assets: net transfer to related party $686,014”