Thrive Chicago Nfp

“After the form 990 is completed, the tax return is reviewed by both the treasurer of thrive chicago and legal counsel. 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.”

“Programmatic expenses: program service expenses 774,116. Management and general expenses 8,439. Fundraising expenses 0. Total expenses 782,555. Payroll service fees: program service expenses 6,183. Management and general expenses 1,091. Fundraising expenses 0. Total expenses 7,274. Copier rent: program service expenses 15,787. Management and general expenses 2,786. Fundraising expenses 0. Total expenses 18,573. Postage: program service expenses 760. Management and general expenses 134. Fundraising expenses 0. Total expenses 894.”