Equality Florida Institute Inc.

“Form 990 is first reviewed by the executive director, treasurer and finance committee. The form is then distributed to the full board of directors for review and comment prior to filing.”

“Any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest, must disclose the existence of the actual or possible financial interest immediately upon discovery. Procedures for addressing the conflict are documented in the minutes. The minutes shall contain: (a) the names of the persons who disclosed or otherwise were found to have a financial interest in connection with an actual or possible conflict of interest, the nature of the financial interest, any action taken to determine whether a conflict of interst was present, and the decision as to whether a conflict of interest in fact existed; and (b) the names of the persons who were present for discussions and votes relating to the transaction or arrangement, the content of the discussion, including any alternatives to the proposed transaction or arrangement, and a record of any votes taken in connection with the proceedings. The conflict of interest policy is reviewed annually with all interested persons.”

“The executive director's compensation is reviewed and approved by the board of directors. The process includes approval by persons without a conflict of interest, use of comparability data, and recording compensation deliberations. Relevant information may include, but is not limited to, compensation levels paid by similarly situated organizations for functionally comparable positions, the availability of similar services in the geographic area of the organization, current compensation surveys compiled by independent firms, and actual written offers from similar institutions competing for the services of the compensated person. Review and approval is promptly recorded in the minutes and contain: (a) the terms of the compensation and date approved; (b) the names of the members who were present and voted on the compensation; (c) the comparability data obtained and relied upon, and how it was obtained; (d) any action taken with respect to consideration of the compensation by a member who had a conflict of interest with respect to the compensation; and (e) if the reasonable compensation is higher or lower than the range of comparability data obtained, and the basis for the decision. The current salary of our executive director has been found to be in the mid-range of researched salaries.”

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

“Form 990 is being amended to: - correct officer compensation reported on page 7 - include average hours per week for related organizations on page 7 - include top financial official on page 7 - remove in-kind and properly categorize income reported on page 9 - remove in-kind and group expenses reported on page 10 in accordance with the form instructions - restate prior year figures reported on pages 1 and 11 to reflect changes per the 2012 amended return - adjust schedule a to reflect changes per the 2012 and 2013 amended returns - complete schedule b using special rule for sections 509(a)(1) and 170(b)(1)(a)(vi) - prepare schedule c, part ii for section 501(c)(3) organizations that have a section 501(h) election in effect during the tax year - report endowment funds as required by schedule d, part v - include the fin 48 footnote disclosure as required by schedule d - include schedule m - expand schedule o disclosures - update schedule r to include all related organizations and relevant disclosures”

“Canvassers: program service expenses 83,623. Management and general expenses 0. Fundraising expenses 18,977. Total expenses 102,600. Contract labor: program service expenses 87,601. Management and general expenses 6,441. Fundraising expenses 14,568. Total expenses 108,610. Other professional fees: program service expenses 16,969. Management and general expenses 99. Fundraising expenses 3,834. Total expenses 20,902.”

“Adjustment to opening net assets as a result of the change in accounting method from cash to accrual (see part xii, line 1) -17,207. Write off of uncollectible pledges -10,824.”

“During 2013, the organization changed from the cash method to the accrual method of accounting and had reviewed financial statements prepared for the first time. As a result of the change in accounting method, opening net assets were adjusted to account for prior year expenses paid during 2013. See part xi, line 9. The adjustment is comprised of legal fees of $5,827 and employer 403(b) match of $11,380.”