The Matagorda Bay Foundation

“The Executive Director reviews the Form 990 with the Board and answers any questions. A motion is made and approved prior to filing the Form 990 with the IRS.”

“The policy covers directors, the principal officer, and members of a committee with governing board delegated powers, who have a direct or indirect financial interest in any transaction with the organization. Each covered person must annually sign a statement which affirms such person has received a copy of the conflicts of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. After disclosure of a financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. The minutes of the governing board contain: the names of the persons who disclosed or otherwise were found to have a financial interest in connection with an actual or possible conflict of interest and the names of the persons who were present for discussions and votes relating to the transaction or arrangement, the content of the discussion, including any alternatives to the proposed transaction or arrangement, and a record of any votes taken in connection with the proceedings. Periodic reviews are also conducted, pursuant to the adopted policy.”

“Salaries are reviewed and approved by the Board of Directors. The most recent Executive Director review occurred in 2024. Staff salaries are reviewed and approved by the Board of Directors. A comparison of current salary ranges of both public and private sector positions with similar responsibilities and duties is completed during the review.”

“Documents are provided upon request to any entity requesting the records. An electronic copy is then sent to the requesting entity.”

“Payroll processing fees: Program service expenses 6,004. Management and general expenses 893. Fundraising expenses 47. Total expenses 6,944. Other professional fees: Program service expenses 62,515. Management and general expenses 24,319. Fundraising expenses 0. Total expenses 86,834. Environmental consulting: Program service expenses 378,398. Management and general expenses 0. Fundraising expenses 0. Total expenses 378,398. Engineering: Program service expenses 204,617. Management and general expenses 0. Fundraising expenses 0. Total expenses 204,617.”