Sightline Institute

“The Finance and Audit Committee (FAC) reviews and approves the Form 990, and forwards a copy to the Board Chair to distribute to the full Board. The Board Chair distributes it to the full Board, and informs the Executive Director (ED) that the Form 990 has been reviewed and approved by the FAC and distributed to the Board. The ED reviews the Form 990, signs it, and files it with the IRS.”

“Employees, board members, interns, volunteers, and contractors are required by policy to promptly disclose any conflict of interests to a supervisor or fellow board member. Board members are explicitly asked once a year if a conflict of interest exists. If a conflict of interest is determined to exist at any level, the interested parties are prohibited from making decisions regarding the relationship.”

“Annually, a sub-committee of the board reviews the Executive Director's (ED) self-evaluation, meets with the ED to discuss it, and solicits feedback from and meets with senior staff to judge their perspective of the ED's effectiveness. The sub-committee then creates a report that makes a recommendation to the full Board on whether and how much to increase the ED's salary and/or authorize a bonus, based on the members' evaluation of the quality of the ED's performance.”

“Financial statements are posted on the organization's website, and other governing documents are made available upon written request.”

“Recruiting: Program service expenses 4,050. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,050. Research support: Program service expenses 173,978. Management and general expenses 0. Fundraising expenses 0. Total expenses 173,978. Coalition consultation: Program service expenses 85,857. Management and general expenses 0. Fundraising expenses 0. Total expenses 85,857. Editing and design: Program service expenses 69,034. Management and general expenses 0. Fundraising expenses 0. Total expenses 69,034. Other consultation: Program service expenses 14,166. Management and general expenses 7,357. Fundraising expenses 4,445. Total expenses 25,968.”

“Per Note 1 - Summary of Significant Accounting Policies" in the 2024 audited financial statements, the 2023 functional expenses were reclassified to support a consistent allocation method between the current year (2024) and prior year (2023) presented. The most significant reclassification was to functional expenses, updating the payroll and related expenses allocation to conform with the current year's method of allocation. This reclassification resulted in program expenses decreasing $231,638, management and general expenses increasing $205,931, and fundraising expenses increasing $25,707.”