Peoples Forum Inc.

“Management gives the draft 990 to the board to review and approve before filing.”

“Duty to disclose: in connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with board-delegated powers considering the proposed transaction. Violations of the conflicts of interest policy: a. If the board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. B. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“It is the policy of the corporation to pay no more than reasonable compensation for personal services rendered to the corporation by officers and employees. The directors of the corporation shall not receive compensation for fulfilling their duties as directors, although directors may be reimbursed for actual out-of-pocket expenses which they incur in order to fulfill their duties as directors. The board of directors must approve in advance the amount of all compensation for officers of the corporation. Before approving the compensation of an officer, the board shall determine that the total compensation to be provided by the corporation to the officer is reasonable in amount in light of the position, responsibility and qualification of the officer for the position held, including the result of an evaluation of the officer's prior performance for the corporation, if applicable. In making the determination, the board shall consider total compensation to include the salary and the value of all benefits provided by the corporation to the individual in payment for services. At the time of the discussion and decision concerning an officer's compensation, the officer should not be present in the meeting. The board shall obtain and consider appropriate data concerning comparable compensation paid to similar officers in like circumstances. Tpf's board members determined compensation for executive director and top management personnel by researching comparable salaries in the nyc area and consulting with partners in the nonprofit sector. After extensive research, board members decided on salaries that were competitive while keeping the sustainability and fiscal health of the organization in mind. The board consults independent, outside advisors regarding the contemplated compensation package before making offers to senior management. The board shall set forth the basis for its decisions with respect to compensation in the minutes of the meeting at which the decisions are made, including the conclusions of the evaluation and the basis for determining that the individual's compensation was reasonable in light of the evaluation and the comparability data.”

“The organziation makes its form 990 available for public inspection as required under section 6104 of the internal revenue code upon request and on the ny attorney gernal website -https://www.charitiesnys.com/registrysearch/search_charities.jsp”

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

“The organization did not change either its oversight process or selection process during the tax year.”