Corporation for Enterprise Development

“The form 990 was prepared by outside accountants and reviewed by the finance/investment committee. A final copy of the 990 was provided to each board member before filing with the irs.”

“Cfed's conflicts of interest policy and a conflict of interest declaration statement are distributed annually to all members of the board of directors. The directors must answer a series of questions to disclose any conflicts of interest and sign the statement. Also, cfed's employees' handbook contains a conflict of interest policy that all employees must sign. Upon the first knowledge by an interested person that cfed is considering or has considered a transaction or arrangement with an entity or individual with which the interested person has an interest, the interested person must disclose the existence and nature of his or her interest to the president. After disclosure of the interest, the interested person may not participate in consideration of the proposed transaction or arrangement and is not present for the consideration of or vote on such transaction unless the president requests information from the interested person.”

“To determine the president's compensation, the organization compiled 990 data from like organizations and used data from independent surveys. This data was reviewed and deliberated by the organization's board, which also conducted a formal review of the president's performance. The board voted on and approved the president's compensation and documented its deliberations in the organization's records. The last review took place in january 2016.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Human resources: program service expenses 29,945. Management and general expenses 11,474. Fundraising expenses 0. Total expenses 41,419. Communications consultants: program service expenses 173,640. Management and general expenses 0. Fundraising expenses 1,950. Total expenses 175,590. Conference management consultants: program service expenses 54,651. Management and general expenses 0. Fundraising expenses 0. Total expenses 54,651. Field expert: program service expenses 690,673. Management and general expenses 0. Fundraising expenses 0. Total expenses 690,673. Organizational development consultants: program service expenses 81,725. Management and general expenses 10,997. Fundraising expenses 0. Total expenses 92,722. Payroll service fees: program service expenses 15,508. Management and general expenses 5,942. Fundraising expenses 0. Total expenses 21,450. Production consultants: program service expenses 58,530. Management and general expenses 0. Fundraising expenses 1,100. Total expenses 59,630. Other professional fees: program service expenses 314,264. Management and general expenses 1. Fundraising expenses 0. Total expenses 314,265. Regulatory support: program service expenses 224. Management and general expenses 86. Fundraising expenses 0. Total expenses 310. Rebranding services: program service expenses 32,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 32,500.”