Sun Foundation

“The board members have a business relationship with melanie worley, lloyd sweet, and matthew vanauken who are officers of a related tax-exempt organization for which they serve on the board. The board members also serve as board members of related tax-exempt organizations.”

“The organization does not have any committees with authority to act on behalf of the governing body.”

“The tax accountant prepares a draft of the form 990 which is reviewed by the vp of finance. Once all review comments and questions are cleared, the form is presented to the finance committee of the board of directors for approval. A copy of the tax return is made available to the board of directors for their review prior to filing with the irs.”

“Each member of the board of directors is asked to sign a conflict of interest statement annually. The board members are asked to disclose new conflicts of interest at each board meeting. Potential conflicts are reviewed by the cfo. Any directors with a conflict of interest shall not vote or provide any influence on the conflicting matter.”

“The organization's governing documents, conflict of interest policy, and audited financial statements are available upon request.”

“The compensation paid to the chief executive officer, chief financial officer, and the chief operating officer is paid for by nonprofit management services of colorado (nmsc), an unrelated tax-exempt organization. In addition to providing services to sun foundation, top management officials listed above also provide services in their respective positions to other tax-exempt organizations. The amounts reported on form 990, part vii, section a represent compensation and benefits paid to these individuals for their services to the filing organization as well as other tax-exempt organizations. In addition, the hours reported on form 990, part vii, section a devoted to related organizations represents only a portion of the total hours top management officials devote to their respective positions. Provided below is the compensation and benefits paid to these individuals for their services provided to sun foundation. Chief executive officer - $32,196 chief financial officer - $23,405 chief operating officer - $6,016”

“The board of directors approved the dissolution of the foundation and ceased operations. The assets and operations of the foundation were transferred to developmental pathways, inc., a related tax-exempt organization. The foundation filed articles of dissolution on june 28, 2019 with the colorado secretary of state and distributed its remaining assets in accordance with its governing documents.”

“Contract labor: program service expenses 0. Management and general expenses 0. Fundraising expenses 75,151. Total expenses 75,151. Other professional services: program service expenses 0. Management and general expenses 12,787. Fundraising expenses 620. Total expenses 13,407. Accounting and legal: program service expenses 0. Management and general expenses 0. Fundraising expenses 3,100. Total expenses 3,100.”

“Inter-fund transfer of assets upon dissolution to related organization -1,291,398.”