Blue Bow Foundation

“Key employees Kimberly Colley and William Colley are married, and both worked for Roach & Mitchell, PLLC, a private law firm owned by former Director Jonathan Roach and Board President Frank Mitchell, for a portion of 2020.”

“Committees did not have any official meetings in 2020, so no meeting notes or minutes were kept.”

“All Directors have been made aware of the filing of this Form 990 and can be provided a copy upon request.”

“The Board of Directors and key employees collectively monitor the activities and relationships of the corporation to ensure that no conflict of interest exists. All Directors and key employees have received a copy of the corporation's Conflict of Interest Policy and have signed an Acknowledgement Form declaring thus. Should a conflict arise, the policy will be employed.”

“The process of determining compensation of key employees (namely, the Chief Executive Officer (formerly Executive Director), the Chief Financial Officer (formerly Director of Finance), and the newly created Chief Operating Officer of the organization involved an initial proposal in the organization's business plan, which was based on an analysis of comparable salaries for comparable positions in other 501(c)(3) and private organizations. No compensation will be rendered to any employee until ample revenue is generated to support the operation, function, and mission of the organization first. At that time, a renewed proposal will be submitted for Board review, analysis, and approval before compensation is remitted.”

“The Blue Bow Foundation, Inc., did not make its governing documents, conflict of interest policy, or financial statements readily available to the public during the tax year; but said documents are available upon request.”

“Other expenses encompassed miscellaneous fees associated with business systems (e.g., Stripe), membership dues to professional development and business improvement seminars and courses, Board-approved reimbursements for expenses, and miscellaneous items associated with emotional support gift baskets that were not program-related.”