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 returns are reviewed for any follow up matters relative to the current year. This 990 reviewed at Board meeting on July 15, 2021.”

“Compensation process for top official - Formal decision-making process for Executive Director compensation 1 Review of previous years roles and responsibilties, compensation package including housing allowance, goals and priorities as well as results achieved. 2 Consider current years 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, considering any changes or updates which might need to be made. Review comparable data for positions held similar to that of Executive Director. 4 Review housing allowance documents including the previous years worksheet as well as 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 signed and dated by the President of the Board of Directors.”

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

“Program Service Expenses 20,404, Grants and allocations 0, Revenue 0 All other accomplishments - other purposes related to mission of the ministry.”

“Other Fees for services 1 Contractor Coach 120, 2 Subcontractor 9,195 3 Subcontractor 911, 4 Subcontractor 41,375 Total 51,601.”