Honorable Order of Kentucky Colonels Inc

“Review of form 990 ---------------------- sherry crose, the executive director, gerard kauffmann, the director of finance, and the finance committee of the board of trustees review the form 990 in detail and copies of the form 990 are provided to the board prior to filing.”

“Monitoring compliance with the conflict of interest policy ----------------------------------------------------------- all trustees, officers, and staff of the hokc are required to annually submit a list of organizations with whom he/she may have a relationship. That listing is compared to a listing of organizations with whom the hokc has business transactions and those who have applied to us for grants. No trustee or officer with such relationship is permitted to participate in, or advise on, any possible interaction between the honorable order and that organization.”

“Process for determining compensation -------------------------------------- the honorable order annually receives compensation reports from approximately 200 kentucky-based non-profit organizations. This information is reviewed by the compensation committee. After evaluating a number of factors, including experience, length of service and ability as well as comparable salary levels in other organizations, the committee prepares recommended compensation reports and submits its recommendations for hokc employee compensation to the full board of trustees for approval. Sherry crose, in consultation with the executive committee, performed a compensation review in 2021.”

“Making documents available to the public ----------------------------------------- the organization's governing documents, conflict of interest policy, and financials statements are available upon request.”

“Program service accomplishments -------------------------------- it receives hundreds of grant applications annually and through a careful winnowing and vetting process, seeks to ensure that its contributions are allocated in a dedicated and reasonable way. The organization also has an ongoing emergency grant process for kentucky nonprofits and also raises and distributes funds to provide disaster relief. In 2022, hokc granted $4,606,398 to 255 organizations who served 3.8 million individuals in the state of kentucky. Since hokc began as a 501(c)(3)organization, close to $58 million dollars has been awarded.”

“Other changes -------------------------- change in beneficial interest in third party trust $(168,492) adjustment for kcc activity ( 19,763) rounding 3 ---------- total changes $(188,252)”