Fellowship Square Foundation Incorporated

“Fellowship Square engaged in a Management Agreement with S.L. Nusbaum as of APRIL 1, 2017 to provide Accounting, Human Resource and Management oversight for the organization. the organization previously had a management contract with National Lutheran Communities & Services.”

“changes were made to the organization's bylaws to comply with the laws of the district of columbia, to increase clarity and remove unnecessary language, and to effect an overall simplification of the bylaws.”

“internal management employees will perform an initial review. ONCE APPROVED, The WHOLE Board WILL review and approve the 990 Prior to the return being filed.”

“the organization'S conflict of interest policy requires each director and/or officer to annually disclose his/her knowledge and understanding of the policy which includes the duty of the director and/or officer to disclose to the board of directors any actual or potential conflicts of interest. the board of directors (excluding any member whO is party to the conflict) is responsible for reviewing the potential conflict and making the determination if an actual conflict of interest exists. upon knowledge that a conflict was not properly disclosed to the board of directors, appropriate corrective and disciplinary actions shall be taken. individuals party to any conflicts of interest shall be precluded from voting on any matteres associated with the arrangement or transaction involving such conflict.”

“WHEN EXAMINING COMPENSATION FOR A NEW EXECUTIVE DIRECTOR, THE BOARD REVIEWS COMPENSATION SURVEYS TO ENSURE OFFICER COMPENSATION IS WITHIN FAIR MARKET VALUE FOR THE INDUSTRY. THEREAFTER, the board reviews the executive director's performance and determines his compensation on an annual basis. the board also provides guidelines for compensation of other foundation employees. These discussions are documented in board minutes.”

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

“Contracts: Program service expenses 414,266. Management and general expenses 2,683. Fundraising expenses 0. Total expenses 416,949. Consultant: Program service expenses 95,162. Management and general expenses 1,385. Fundraising expenses 0. Total expenses 96,547. Professional Fees: Program service expenses 0. Management and general expenses 36,052. Fundraising expenses 0. Total expenses 36,052.”

“NEt asset transfer 2,132,198.”