Techforce Foundation

“The board by resolution may establish an executive committee and such additional committees, with board- delegated powers, as the board deems necessary to assist in the management and control of the foundation. Such committees shall consist of two (2) or more directors, including the relevant officer where appropriate, having such powers and duties, not inconsistent with subsection (d) hereof or any existing delegation of powers to a committee of directors. Unless otherwise limited by a resolution of the board, 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. Upon the creation of such committee, the board must approve the committee's responsibilities, initial membership, and chair. Each such committee may fix its own rules governing the conduct of its activities, not inconsistent with rules approved by the board and these bylaws, and shall make such reports to the board of its activities as the board may request. Changes to the membership, chair, or committee responsibilities must be approved by the board prior to such changes becoming effective.”

“The form 990 is prepared by the organization's public accounting firm based on information provided by management. Once the draft is available, it is reviewed by management and any changes incorporated into the filing. Once this detailed review is complete, the draft of the form 990 is presented to the board of directors for their review and comments prior to filing with the irs.”

“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 executive director's compensation is determined and managed by the board of directors. The executive committee delivers an annual performance review, and approves or denies any performance incentive pay to the executive director. No changes to the executive director's compensation may be made without review and approval of the board. The compensation is then documented in the personnel file.”

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

“Professional services: program service expenses 187,400. Management and general expenses 13,103. Fundraising expenses 16,639. Total expenses 217,142. Public relations: program service expenses 138,992. Management and general expenses 0. Fundraising expenses 0. Total expenses 138,992.”

“Scholarship refunds 78,057.”

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