Ryan Nece Foundation Inc

“Form 990 is prepared by external auditors and reviewed by management. Once all are satisfied with the form, it's finalized, and a copy emailed to all voting board members. Upon review and comment, revisions, corrections, etc. Are made as necessary. Form 990 is then submitted to the irs for filing.”

“All board members received the conflict of interest policy at time of admittance to the board of the organization and update annually.”

“Part vi, line 15a and 15b the executive committee discusses and obtains information regarding comparable salaries when setting compensation levels. The board of directors votes and approves any changes to wages annually.”

“The organization makes its governing documents (articles of incorporation and by-laws), its conflict of interest policy, and financial statements available upon request for the same period of disclosure as set forth under irc section 6104(d). The organization will mail copies upon request or provide documents to those who come to the administrative offices during regular business hours.”

“Program service expenses the foundation is run by the chief executive officer and chief operating officer with assistance from the board. Their compensation is the largest expense of the organization. Their main responsibilities are to run the programs and raise money. Their time is allocated based on actual time spent in each function, which shows program service expense as 82% of total expenses. The special events generate a substantial amount of revenue used to run the program and are required events for the organization. Over time, the organization expects to rely less on the two special events to generate revenue which will allow more time to be spent on improving the program. In addition, the organization receives a significant amount of in-kind donations for the two main programs (power of thanksgiving and student service program). These in-kind donations include supplies, food and various facilitators and educators. The in-kind donations (of time and material) allow the organization to keep costs to the programs low.”