Thrive Chicago Nfp

“After the form 990 is completed, the tax return is reviewed by the treasurer of thrive chicago. Once the treasurer is satisfied that the return has been prepared accurately in accordance with irs instructions, a copy is sent to all board members for their review.”

“Thrive chicago's policy requires that conflict of interest disclosure statements must be completed each year by all employees, officers, and directors and returned to the chair of the board for review. If the chair of the board determines that there is in fact a conflict of interest involving an employee or officer, the matter is disclosed to the board of directors for resolution. Conflicts involving a board member are handled in a similar manner, with the individual disclosing the conflict abstaining from any vote on the matter.”

“Compensation recommendations are reviewed by the board in conjunction with the annual budget process and are based on employee performance, inflationary figures, and budget constraints. Board approval/disapproval of recommended salaries is documented in the minutes as approval/disapproval of the annual budget.”

“Thrive chicago's governing documents, conflicts of interest policy, and financial statements are available to the public upon request.”

“Consultants: program service expenses 364,282. Management and general expenses 158,371. Fundraising expenses 0. Total expenses 522,653. Employee benefits: program service expenses 0. Management and general expenses 4,800. Fundraising expenses 0. Total expenses 4,800. Program fees: program service expenses 60,336. Management and general expenses 0. Fundraising expenses 0. Total expenses 60,336. Program service consultants: program service expenses 667,417. Management and general expenses 0. Fundraising expenses 0. Total expenses 667,417. Staffing services: program service expenses 0. Management and general expenses 44,836. Fundraising expenses 0. Total expenses 44,836.”

“The process has not changed from the prior year. At the time of filing the 990, the organization is engaged in an independent audit and will have the audited financial statements available upon completion.”