Florida Next Foundation Inc.

“The board is provided with a copy of the organization's form 990 for review, either during a regularly scheduled board meeting or during a special purpose board meeting.”

“Conflict of interest policy - periodic reviews: to ensure the organization operates in an manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews are conducted as part of standard operating procedures. The period reviews, at a minimum, include the following subjects: (a) whether compensation arrangements and benefits were reasonable, based on competent survey information, and the result of arm's length transactions; and (b) whether partnerships, joint ventures and arrangements with management organizations conformed to the organzation's written policies, were properly recorded, reflected reasonable investment or payments for goods and services, furthered charitable purposes and did not result in inuremnt, impermissible private benefit or in an excess benefit transaction.”

“The organziation records in writing the decision made by each individual who decided or voted on compensation arrangements. Compensation arrangements are approved based on information about compensation paid by similarly situated taxable or tax-exempt organizations for similar services, current compensation surveys compiled by independent firms, or actual written offers from similarly situated organizations. Additionally, the following is the organization's policy regarding compensation and possible conflicts of interest: (a) a voting member of the governing board who receives compensation, directly or indirectly, from the organization is precluded from voting on matters pertaining to that member's compensation. (b) a voting member of any committee whose jurisdiction includes compensation matters and who recieves compensation, directly or indirectly, from the organization for services is precluded from voting on matters pertaining to that member's compensation. (c) no voting member of the governing member of the governing board or any other committee whose jurisdiction includes compensation matters and who receives compensation, directly or indirectly, from the organization, either individually or collectively, is prohibited from providing information to any committee regarding compensation.”

“The organization's governing documents, conflict of interest policy and financial statements are made available to the public upon request.”

“Consulting: program service expenses 3,422. Management and general expenses 483. Fundraising expenses 121. Total expenses 4,026.”

“Prior period adjustment related to understated accounts payable in prior fiscal year. Expenses paid in current fiscal year, but related to prior year and should have been accrued in prior fiscal year.”