Capstone Global Initiative Inc

“Organizations' process to review form 990 - outside accountant reviews the balance sheet and income statement accounts. Outside accountant reviews gl details as appropriate, tying out bank reconciliations and fixed assets with prior year tax returns. Gl detail is reviewed for all accounts with any questions posed and answered before finalizing financial reports for the tax accountant. Tax accountant provides year-end adjustments for depreciation. Outside accountant completes functional expense allocations by line item with input from ceo, as well as allocations of program expenses. Prior year tax returns are reviewed for any follow-up matters relative to the current year. This 990 will be reviewed by the board of directors.”

“The conflict of interest disclosure statement is reviewed and completed annually by each board member. Statements are to be signed and dated by each board member and a copy sent to the board secretary.”

“Compensation process for top official - formal decision-making process for top management: 1) review of previous year's: roles and responsibilities, compensation package, goals and priorities, as well as results achieved. 2) consider current year's: goals and objectives, role of top management, and time allocated to oversee and complete all duties and responsibilities. 3) research and review: local and state cost of living expenses compared to the national average, consider any changes or updates, which might need to be made. Review comparable data for positions held similar to top management. 4) complete and present a salary and compensation package to the independent compensation committee (icc) of the board of directors. 5) icc vote for approval.”

“Governing documents disclosure explanation - these documents are available upon request.”

“Contractors: program service expenses 217,943. Management and general expenses 43,589. Fundraising expenses 29,059. Total expenses 290,591. Legal and professional fees: program service expenses 101,557. Management and general expenses 20,311. Fundraising expenses 13,541. Total expenses 135,409. Payroll processing: program service expenses 7,093. Management and general expenses 1,419. Fundraising expenses 946. Total expenses 9,458.”