Family Policy Alliance Foundation

“Form 990 was reviewed in detail by the Treasurer and Board of Directors. A copy of Form 990 was provided to all Board members before filing. Form 990 was reviewed by the organization's outside CPA firm and outside legal counsel.”

“The Conflict of Interest Policy is reviewed annually during a Board of Directors meeting. Annual Disclosure Statements are signed by Directors, Officers and all employees and reviewed by the COO. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship.”

“Family Policy Foundation shares certain board members and officers with Family Policy Alliance, a related organization. Family Policy Foundation reimburses Family Policy Alliance for the work Family Policy Alliance's employees (including officers) perform for Family Policy Foundation. Below is the process that Family Policy Alliance uses in setting officer compensation. The Board of Directors determines compensation of the organization's CEO by reviewing survey information, comparability data and contemporaneous documentation. All these deliberations and decisions regarding compensation are documented as they occur. The voting members of the Board are independent Directors of the organization's Board of Directors. Compensation of other executive personnel is determined by the CEO after reviewing survey information, comparability data and contemporaneous documentation.”

“The organization makes its governing documents and conflict of interest policy available to the public in accordance with the applicable laws. The organization makes its financial statements and Form 990 available on its website.”

“Family Policy Foundation does not have any employees of its own or make any related payroll filings, such as Form W-3. Therefore "0" is reported on Form 990, Part V, Line 2a. However, Family Policy Foundation does reimburse its related organization, Family Policy Alliance, for work FPA employees perform for FPF. This reimbursed compensation is the compensation reported on Form 990, Part IX, Lines 5 and 7.”

“Other fees: Program service expenses 124,009. Management and general expenses 1,274. Fundraising expenses 11,479. Total expenses 136,762.”

“In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 9/30/2019. The 2018 Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Part X, Lines 27-29: Line 27 - Net assets without donor restrictions -$1,434,202 Line 29 - Net assets with donor restrictions 279,110 Total net assets -$1,155,092”

“The Audit Committee of the Board of Directors reviews the results of the annual financial audit and oversees the selection of the independent auditors. There were no changes to this process from prior years.”