Ultraviolet Education Fund

“The federal form 990 was first reviewed by the director of finance and outside counsel. It was then approved by the executive director and the vp of organizational advancement. The final draft was then forwarded to the board of directors before filing with the internal revenue service.”

“Upon or before hire, election, or appointment, each employee and board member provides a full written disclosure of all direct or indirect financial interests that could potentially result in a conflict of interest. Employees and board members disclose any interests in a proposed transaction or decision that may create a conflict of interest. After disclosure, the employee or board member will not be permitted to participate in the transaction or decision. Should there be any dispute as to whether a conflict of interest exists: 1) the executive director determines whether a conflict of interest exists for an employee, and determines the appropriate response. 2) the board of directors determines whether a conflict of interest exists for the executive director or a board member, and determines the appropriate response. If the board or executive committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it informs the member of the basis for such belief and affords the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the board or committee determines the member has failed to disclose an actual or possible conflict of interest, it takes appropriate disciplinary corrective action.”

“The compensation of the executive director involves an analysis of comparable salaries at other non-profit organizations of a similar size. The final compensation is reviewed and approved by the board of directors, in addition to being documented via email. The executive director whose salary is under review abstained from the debate and vote. The executive director approves compensation for the vp of organizational advancement and the vp of advocacy and membership. The last date of compensation review took place in june 2021.”

“Governing documents, conflict of interest policy, and financial statements are available upon request.”

“Payroll services: program service expenses 24,191. Management and general expenses 3,390. Fundraising expenses 2,163. Total expenses 29,744. Grant writing contractor: program service expenses 2,701. Management and general expenses 25. Fundraising expenses 42. Total expenses 2,768. Proofreaders: program service expenses 2,312. Management and general expenses 21. Fundraising expenses 37. Total expenses 2,370. Coaching: program service expenses 244. Management and general expenses 2. Fundraising expenses 4. Total expenses 250. Other outside services: program service expenses 17,368. Management and general expenses 161. Fundraising expenses 271. Total expenses 17,800. Communications contracting: program service expenses 120,403. Management and general expenses 1,115. Fundraising expenses 1,882. Total expenses 123,400. Creative contracting: program service expenses 89,377. Management and general expenses 828. Fundraising expenses 1,397. Total expenses 91,602.”

“On may 1, 2020, uvef received loan proceeds in the amount of $317,000 under the paycheck protection program. The promissory note calls for monthly principal and interest payments amortized over the term of the promissory note with a deferral of payments for the first six months. Under the coronavirus aid, relief, and economic security act (cares act), the promissory note may be forgiven by the small business administration in whole or in part. Uvef intends to use the proceeds for purposes consistent with the paycheck protection program and believes that its use of the loan proceeds will meet the conditions for forgiveness of the loan. Uvef intends to apply for forgiveness after completing the 24-week period. If forgiveness is granted, uvef will record revenue from debt extinguishments during the period that forgiveness was approved.”