Policylink Equity Action Network

“Form 990 is prepared by an independent cpa firm in conjunction with the organization's controller and cfo. A draft of form 990 is then reviewed by the controller and cfo and any corrections/modifications are then made by the outside cpa. The revised draft is then reviewed by the cfo and chief operating officer. Any concerns that the cfo has are raised with the cpa firm, and when necessary, the chief operating officer. When a consensus is achieved, the return is then finalized and electronically filed with the taxing authorities. The filed form 990 is submitted to the entire board of directors.”

“Board members renew their conflict of interest statement anually. In the statement they pledge to alert the organization of any conflicts as they arise, not just on an annual basis. Conflicts of interest are approved by the board of directors in which determinations are made by the board in good faith, with knowledge of the material facts concerning the transaction and the director's interest in the transaction, and by vote of a majority of the directors in office not counting the vote of the interested director.”

“The salary for the ceo was approved by the board of directors from the related organization policylink, after a review of compensation data for the same position in similar organizations, compiled from nonprofit industry surveys, as well as information from specific organizations of similar impact. All deliberations and decisons regarding compensation are done by independent person review and approval, and are contemporaneously documented in the board meeting minutes.”

“Policylink equity action network makes its financial statements, organizing documents and conflicts of interest/ethics policy available to the public upon request.”

“The process has not changed from prior year.”