Firstday Foundation

“Per the irs instructions, certain business relationships between the organization's current officers, directors, trustees, or key employees, as reported in part vii, section a, must be disclosed. Because of the interrelated nature of the filing organization with its related entities (as disclosed on schedule r), all of the officers and directors with overlapping responsibilities have business relationships with each other.”

“THE EVP CFO REVIEWS THE 990 BY COMPARING PRIOR RETURN WITH CURRENT RETURN. IN ADDITION, ALL FINANCIAL DATA ON THE 990 IS RECONCILED TO THE FINANCIAL STATEMENTS. AFTER REVIEW IS MADE BY THE TREASURER, THE EVP CFO WILL THEN REVIEW THE RETURN WITH THE PRESIDENT BEFORE CONSIDERING FINALIZING THE RETURN. The FILED 990 IS PRESENTED TO THE BOARD DURING ONE OF ITS BOARD MEETINGS.”

“All members of the governing board and officers are covered with the conflict of interest and compliance policy and requirements. All members of the governing board and officers must complete a conflict-of-interest disclosure on an annual basis. If a conflict of interest should arise, the person associated with the conflict is excluded from discussion, debate and decision making on the matter. This shall include the person with the conflict being excluded from a meeting where any matter associated with the conflict is discussed.”

“Each year, the firstday foundation board of trustees executive committee, which is made up of the chairperson, vice-chairperson, president/ceo, secretary, treasurer, immediate past chairperson and general counsel, requests from the executive vice president of human resources current salary surveys for organizations in texas and the u.s., both nonprofit and for profit. Additionally, a schedule of salary ranges of the executive compensation for nonprofit and other organizations of similar size and complexity is provided. The president/ceo does not participate the meeting in which his compensation is considered. The committee arrives at the compensation or one-time bonus for the president/ceo after review and discussion of the supporting data. The decision of the committee is presented to the board of trustees for ratification.”

“Each year the ceo will review the compensation of officers and key employees prior to the finalization of the agency budget based on the evaluation of similar positions for nonprofit and other organizations of similar size and complexity.”

“The form 990, financial statements, governing documents, and conflict of interest policy will be provided upon request to the public by contacting the firstday foundation corporate office.”

“George cowden, vice-chair/secretary, receives compensation from both the filing organization and related organizations for legal services provided to the organization. No part of his compensation was provided for his service as a board member.”

“Firstday foundation is a charitable organization that provides philanthropic grants and management and governance services to nonprofit organizations doing good work across the globe. Our goal is to elevate and enhance the work nonprofits are doing to serve children, families and communities in need throughout the world; making good, greater.”