The Golden Triangle Development Link

“The organization's members consist of area businesses which support the mission of the organization with annual dues.”

“Each member is allowed to vote and elect the board of directors”

“Form 990 is reviewed by the vice president. The governing board of the organization reviews form 990 along with financial statments at first meeting subsequent to date filed.”

“The organization formed a committee to gather relevant information and recommend a compensation package for the executive director to the board of directors. The committee was aided by a consultant who researched communities with similar population and demographics to determine an equitable salary.”

“All information is made available to public upon request”

“Other expenses: program service expenses 29,501. Management and general expenses 2,428. Fundraising expenses 589. Total expenses 32,518. Hosting guests: program service expenses 30,310. Management and general expenses 0. Fundraising expenses 0. Total expenses 30,310. Other special programs: program service expenses 26,537. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,537. Dues and subscriptions: program service expenses 17,569. Management and general expenses 6,366. Fundraising expenses 1,528. Total expenses 25,463. Telephone & fax: program service expenses 17,730. Management and general expenses 6,197. Fundraising expenses 1,487. Total expenses 25,414. Contract procurement: program service expenses 25,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,000. Existing business development: program service expenses 18,377. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,377. Member luncheon/gala: program service expenses 12,124. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,124. Educational banquet: program service expenses 12,091. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,091. Maintenance: program service expenses 6,804. Management and general expenses 2,465. Fundraising expenses 592. Total expenses 9,861. Youth leadership program: program service expenses 8,650. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,650. Sounds of summer: program service expenses 1,497. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,497.”

“The link uses the modified cash basis of accounting, which is a comprehensive basis of accounting other than generally accepted accounting principles in the united states of america. Under this basis, revenues are recognized when collected rather than when earned, and expenses are recognized when paid rather than when incurred”