Half Helen Foundation

“Approval of all Tax Returns are a line item on the board agenda annually. A copy of the completed return is sent to the board members at least one week prior to the meetings and full discussions are held. A motion is made and passed prior to accept the tax return as presented prior to submission.”

“Board members or officers are required to disclose any conflicts or interest they have prior to any related discussion. To date, hH has had no such disclosures to report. The financial statements of hH are created by Teresa Elliott, a relative to the Executive Director, which has been fully disclosed to the board. The board Treasurer, which is always held by a financial expert, i.e. accountant or bank VP, reviews all financials presented to the board prior to the meeting. Elliott has no access to cash, and it not authorized to purchase on behalf of hH. Transactions are entered into Quickbooks via staff with purchasing authority. Elliott does make the adjusting entries, such as depreciation, etc. necessary to complete the financial statements.”

“The Board of Directors conducts an annual review of the Executive Director in addition to establishing and reviewing progress towards key deliverables. Raises and or bonuses are issued based on performance. Available data sources on other nonprofits are used to ensure the salary of the Executive Director are reasonable. The Executive Director salary is $59,497 annually. No bonus was issued in 2021.”

“The public can request a copy of hH financial statements or tax filings by emailing the Executive Director at [email protected]”

“The Board of Directors make all final decisions at hH. At times, committees are used to vet ideas, however, they are only empowered to bring recommendations to the full board for approval. Minutes are kept at each meeting and approved by the full board at the subsequent meeting.”

“Committees of the board can only research and vet ideas and bring recommendations to the full board for approval. No committee is charged with the authority to make final decisions.”