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.”

“Amendments to the organization's governing documents included the following: 1) removal of the sole member of the organization. The organization shall have no voting or non-voting members. 2) upon dissolution of the organization, assets shall be distributed to an organization or organizations organized and operated exclusively for charitable,educational, or scientific purposes by reason of description in section 501(c)(3) of the code, and as a public charity or charities under either 509(a)(1) or 509(a)(2) of the code. 3) updated the qualifications to be eligible to serve on the board of directors. 4) the board of directors shall have the authority to elect and remove board members of the organization.”

“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 - $31,056 chief financial officer - $14,737 chief operating officer - $4,683”

“Contract labor: program service expenses 0. Management and general expenses 0. Fundraising expenses 135,151. Total expenses 135,151. Other professional services: program service expenses 0. Management and general expenses 27,004. Fundraising expenses 15,701. Total expenses 42,705.”