Techforce Foundation

“The executive committee consists of members of the governing body, including board president, treasurer, secretary, and vice chair as well as the executive director. The executive committee shall have and may exercise, when the board is not in session, all of the powers of the board in the management of the business and affairs of the foundation; provided; however, the executive committee must report in writing to the board at the next meeting of the board all actions taken by the executive committee between meetings of the board.”

“The initial review of the 990 is conducted by the ceo and vice president of finance. After any applicable edits are made, the draft 990 is distributed to all board members for additional review prior to the ceo signing the 990.”

“Annually, each director, officer and member of a committee with board authorized powers signs a statement which affirms (s)he has received a copy of the conflicts of interest policy, read and understands the policy, agrees to comply with the policy and understands the foundation is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one of more of its tax-exempt purposes. The organization also conducts periodic reviews to ensure the foundation operates in a manner consistent with its charitable purpose. These reviews specifically look at compensation arrangements with disqualified persons and whether partnerships, joint ventures, and arrangements with management organizations conform to the foundation's written policies.”

“The ceo's compensation is determined and managed by the board of directors. The executive committee delivers an annual performance review, and approves any performance incentive pay or merit increase to the ceo. No changes to the ceo's compensation may be made without review and approval of the board. The compensation is then documented in the personnel file. The executive committee also approves the incentive pay and merit increase for the foundation's staff. For key employees, the foundation periodically hires an external consultant to benchmark salaries to ensure they are competitive and in line with industry norms.”

“The foundation makes its form 990 returns available to the public for inspection on the foundation's website. Its form 1023, governing documents, conflict of interest policy, and financial statements are made available to the public for inspection upon request.”

“Public relations: program service expenses 38,333. Management and general expenses 0. Fundraising expenses 10,404. Total expenses 48,737. Professional services: program service expenses 577,385. Management and general expenses 130,332. Fundraising expenses 131,000. Total expenses 838,717.”

“Scholarship refunds 109,869.”

“This process has not changed from the prior year.”