Institute for Alternative Futures

“Jonathan peck (president) and rick j.f. Peck (director) are brothers.”

“The chairman, president, and secretary/treasurer all review the form 990 prior to its filing.”

“Whenever a director or officer had a direct or indirect financial or personal interest in any matter coming before the board of directors, the affected person would (a) fully disclose the nature of the interest and (b) withdraw from discussion, lobbying, and voting on the matter. Any transaction or vote involving a potential conflict of interest would be approved only when a majority of the disinterested directors determined that it was in the best interest of the corporation to do so. The minutes of meetings at which such votes are taken would record such disclosure, abstention, and rationale for approval.”

“In any decision concerning the compensation of a director or officer, or an employee or independent contractor receiving compensation of more than $50k per year, the board would comply with the "rebuttable presumption of reasonableness" under irc section 4958 whenever possible, including documentation of: the term of the transaction and the date approved; the directors who were present during debate and how they voted in the transaction; the comparability of data obtained and relied on by the board and how it was obtained; any actions by members of the board having a conflict of interest; and the basis for the determination.”

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

“The organization ceased operation at the end of 2019.”

“Iaf served as the common paymaster for itself and the alternative futures associates. Iaf reported 3 employees on the federal form w-3 for the year 2019. Of those 3 employees, two employees' times were allocated between the entities.”

“Professional fees: program service expenses 67,022. Management and general expenses 4,984. Fundraising expenses 0. Total expenses 72,006.”