Requipment Durable Medical Equipment Reuse Program

“A copy of the organization's information returns and draft financial statements is provided to the board of directors for review before filing.”

“The board of directors requires a declaration from all board members and senior management as to the existence and disclosure of any potential conflicts of interest. During fy 2017, no such conflicts arose. However, any potential conflicts are discussed by the dis-interested board members, while the party in potential conflict is required to leave the room. Board meeting minutes will document the discussion and decision making process. In the event of a potential conflict, procedures to obtain competitive bids and diligence on fair market value will be established.”

“Requipment's executive compensation program is administered by independent directors of the board of directors. The board of directors are responsible for establishing and maintaining a competitive compensation program for the key executives of the organization. The board meets as needed to review the compensation program and make recommendations for any changes to the board, as appropriate. A performance evaluation is conducted annually and is intended to ensure that the compensation program falls within a reasonable range of competitive practices for comparable positions among similarly situated organizations. Following this review, the board reviews and approves a base salary for the executive director.”

“Organization documents are available upon request.”

“Contracted staff: program service expenses 34,299. Management and general expenses 0. Fundraising expenses 0. Total expenses 34,299. Consultants: program service expenses 9,194. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,194. Payroll service fees: program service expenses 0. Management and general expenses 758. Fundraising expenses 0. Total expenses 758.”