The Circle Foundation Inc

“Upon completion, a draft copy of the form 990 is forwarded in pdf format by the tax preparer to the president and executive staff. The president forwards the return to the board members upon request. Notice is sent to the preparer if any questions or concerns are raised. If so, they are addressed and a revised form 990 is distributed. Once all issues, if any, are resolved a final form 990 is prepared and, upon receipt of a signed efile authorization, electronically filed. A copy is sent to all states in which the organization is registered.”

“Each board member and employee is required to disclose conflicts of interest prior to affiliation or employment with the organization. Company policy requires disclosure of any circumstances that may arise after the relationship has been established that may be perceived as a conflict. Written or verbal communication to an independent board member or the president serves as adequate disclosure. Decisions to terminate the relationship are made on a case by case basis given all relevant information.”

“Circle employees receive evaluations on a semi-annual basis during which their level of performance and contributions to the organizations's tax-exempt purpose are assessed. Pay scales are determined by adjusting the employee's prior period salary/hourly rate for a number of factors, including, but not limited to, the cost of living, individual employee performance and work ethic and the organization's financial position. Final salary/rate decisions are derived after consideration of average pay levels for similar work with other non-profit organizations in the washington, dc metropolitan area. Pay increases or decreases are documented in the employee file for future reference.”

“Corporate documents subject to public scrutiny are provided upon request.”

“ROUNDING ADJUSTMENT -1.”