Capstone Global Initiative Inc

“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 returns are reviewed for any follow up matters relative to the current year. This 990 reviewed at board meeting july 2020. Executive director and outside accountant review return before filing.”

“Formal decision-making process for executive director compensation: review of previous year's: roles and responsibilities, compensation package (including housing allowance), goals and priorities as well as results achieved. Consider current year's: goals and objectives, role of the executive director and time allocated to oversee and complete all duties and responsibilities. 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 that of executive director. Review housing allowance documents, including the previous year's worksheet, any housing updates or expenses, which should be considered. Determine the reasonable housing allowance needs for the current / coming year. Complete and present a salary and compensation package (including housing allowance) to the entire board. Vote for approval. Letter signed and dated by the board of directors president.”

“These documents are available upon request.”

“Other purposes related to mission of the ministry.”

“Subcontractor 7,019 0 0 subcontractor 1,015 0 0 subcontractor 1,524 0 0 subcontractor 7,446 4,251 0 contractor-coach 22,795 0 0 contractor-coach 3,297 0 0 contractor-coach 4,949 0 0 contractor-coach 24,182 0 0 consulting 413 0 0 consulting 60 0 0 consulting 90 0 0 consulting 437 0 0 total 73,227 4,251 0”