Outdoor Afro

“The board adopted amended and restated bylaws and a new principals of corporate governance on november 11, 2023. The bylaws were streamlined to eliminate duplicative language, items already in the california corporations code and outdoor afro's certificate of incorporation. They were also updated to reflect changes in the law and how outdoor afro conducts its business. The amendment also divided the board into three classes serving staggered terms of three years, created an ex officio board seat for the ceo, and established the audit committee.”

“A draft of the form 990 is provided to the board for review before the return is filed.”

“Every member of the board signed conflict of interest policies in 2023 and the board began conducting a conflicts check at the beginning of every meeting.”

“The independent members of the organization's board set the compensation for the organization's two direct reports - chief executive officer (ceo) and executive director (ed) - annually. The organization hired its first ed in early 2023. As part of that hiring process in 2022, the board established a salary for the ed using benchmarking and the organization's annual budget. Based upon the recommendation of the governance committee, independent members of the board established the ceo's 2023 salary using three factors (1) the board's evaluation of the ceo, (2) the ceo's self-evaluation, and (3) ceo comensation benchmarking metrics developed by the organzations human resources adviser. The benchmarking metrics included multiple reputable compensation benchmarking data reports and analysis of comparable data for organziations of similar size, location, and budget. The benchmarking process is documented in a rebuttable presumption checklist. Aside from the ceo and the ed, all of the organzation's officers are volunteers and do not receive any compensation.”

“The organization makes its governing documents, conflict of interest statement, and financial statements available upon request.”

“The board adopted a document retention and destruction policy on march 27, 2024.”

“Outdoor afro began 2023 with $2,975,623 in donor restricted revenue. $2,276,185 of this restricted revenue was released in 2023, displayed in the change in revenue from 2022 to 2023.”

“Communications: program service expenses 128,908. Management and general expenses 34,174. Fundraising expenses 46,067. Total expenses 209,149. Human resources: program service expenses 0. Management and general expenses 94,800. Fundraising expenses 0. Total expenses 94,800. Outside services: program service expenses 77,742. Management and general expenses 18,787. Fundraising expenses 43,024. Total expenses 139,553.”

“The organization did not change its selection or oversight process during the year.”