Construction Forum Stl

“There is not a committee with authority to act on behalf of the board.”

“The board receives a copy of the form 990 for review prior to submission to the internal revenue service.”

“Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Understands the corporation is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. To ensure the corporation operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: a. Whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining. B. Whether partnerships, joint ventures, and arrangements with management organizations conform to the corporation's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement impermissible private benefit or in an excess benefit transaction.”

“Executive director compensation is discussed with the president and executive director, as well as reviewed and approved by the board. There are no other paid officers or key employees.”

“The organization makes its governing documents, conflict of interest policy, and annual financial statements available to the public upon request.”

“Solicitations included a statement that sponsorships were deductible as a business expense since construction forum stl is a 501c4 organization.”