Dirt Palace Public Projects

“The form 990 is prepared by the treasurer of the board of directors in consultation with the managers. When it is complete, it is electronically shared with the entire board. The board is asked to review the 990 and provide any comments or feedback, as well as ask questions. Once the board has reviewed the 990, it is filed with the irs.”

“The organization has a written conflict of interest policy as part of the organization's by-laws. The organization's policy states that individuals should avoid placing themselves in positions wherein actual or perceived conflicts could arise. All directors complete a conflict of interest disclosure prior to joining the board, and disclosures are updated annually. All potential conflicts are reviewed by the full board of directors. The board determines whether a given transaction is on fair and reasonable terms and is in best interest of the organization, and then determines whether the organization should proceed with the transaction. In addition, if a conflict of interest exists, the director in question must recuse him or herself from any vote or recommendation regarding the transaction.”

“The organization does not currently compensate any management individuals directly. Two directors are also managing the work of the organization on a contract basis through an llc owned by the directors. The contract was reviewed and approved by the board of directors, with the managers recusing themselves. The compensation included in the contract was determined based on comparability data, with the directors donating half of the services in-kind.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. The organization will provide copies electronically or mail copies upon request within 7 days of the request.”

“Prior year 990 error 20,339.”