Capstone Global Initiative Inc

“Organizations process to review form 990, executive director and bookkeeper review the balance sheet and income statement accounts with outside accountant. 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 answered before finalizing financial reports for tax accountant. Tax accountant provides year-end adjustments for depreciation. Outside accountant completes functional expense allocations by line item with input from executive director, as well as allocations of program expenses. Prior year tax retusn are reviewed for any follow-up matters relative to the current year. This 990 was revied by the board on 11.14.23.”

“Compensation process for top offical - formal decision-making process for executive director compensation: 1) review for previous year's: roles and responsibilities, compensation package (including housing allowance), goals and priorities as well as results achieved. 2) consider current year's: goals and objectives, role of the executive director 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 yours as executive director. 4) review hosuing allowance documents, including the previous year's worksheet, any housing updates or expenses, which should be considered. 5) determine the reasonable housing allowance needs for the current/coming year. 6) complete and present a salary and compensation package (including housing allowance) to the entire board. 7) vote for approval. 8) letter sign and dated by the board of directors president. 9) process complete.”

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

“Contractors: program service expenses 71,519. Management and general expenses 14,304. Fundraising expenses 9,536. Total expenses 95,359. Professional fees: program service expenses 2,437. Management and general expenses 487. Fundraising expenses 325. Total expenses 3,249.”