Points of Light Foundation

“In accordance with the organization's bylaws, section 4 15(b), there is an executive committee of the board which has the authority to exercise all of the powers of the board, except such powers as are prohibited by law, while the board is not in session. The members of the executive committee consist of certain current voting board members, including the chairman of the board.”

“In 2018, the corporation amended and restated the bylaws to bring the document up-to-date with governance best practices. Amendments included: process for termination of members; notice of meetings, quorums, and actions of members; terms and term limits; clarification of the vice chairman role; specification of standing board committees.”

“The form is prepared by a major accounting firm in conjunction with management. The audit committee holds a committee meeting to review the form. Following the meeting of the audit committee, all board members are sent a copy of the form as a part of a regular meeting of the board where it is reviewed prior to filing.”

“Board members sign conflict of interest statements on an annual basis. These statements are reviewed and any issues are addressed on a case-by-case basis.”

“The human resources committee of the board is responsible for the determination of the ceo's compensation. The committee's review process includes a comparison analysis of salaries to roles at similar non-profit organizations. In 2018, the organization contracted with a firm to conduct a compensation study to ensure fair compensation practices.”

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

“Points of light foundation engaged 5,000,000 volunteers in 2018 and operates with a network of innovative volunteer-mobilizing organizations located in more than 250 cities and 37 countries around the world. Together we are inspiring, equipping and mobilizing more people to use their time, talent, voice and resources to create positive change in their communities. We are offering creative, impactful and inspiring ways for people to engage in their communities and take action to solve problems. Due to a software limitation, 999,999 has been entered on page 1 rather than 5,000,000.”

“Stipends: program service expenses 853,189. Management and general expenses 0. Fundraising expenses 0. Total expenses 853,189. Consulting: program service expenses 1,908,802. Management and general expenses 446,790. Fundraising expenses 7,200. Total expenses 2,362,792. Volunteer coordination services: program service expenses 1,193,320. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,193,320.”

“Bad debt recoveries 158,880.”