First Descents

“The organization's form 990 is reviewed by the chief operating officer and personnel responsible for financial accounting.”

“Directors and officers must disclose all material facts concerning an actual or potential conflict of interest as soon as it is discovered. Disclosure shall be directed to the board of directors via the chairperson, chief executive officer or the secretary. If it appears that a conflict of interest exists, the board of directors or the chair of the relevant committee thereof shall appoint a non-interest person or a committee of the board of directors to investigate alternatives to the proposed transaction or arrangement. If the board of directors has reasonable cause to believe that a director or officer has failed to disclose an actual or possible conflict of interest, it shall inform such person of basis for such belief and afford such person an opportunity to explain the alleged failure to disclose. If after hearing the response of the director or officer, and making further investigation, the board of directors determines that the director or officer has failed to disclose an actual or possible conflict of interest, it shall take appropriate remedial action.”

“The organization conducted an analysis of nonprofit pay by region, job function, etc. In order to determine suitable compensation for its ceo, oco, directors and all staff. The proposed compensation was presented to the board for approval. This process was last conducted in december 2016.”

“The organization makes its governing documents available to the public by request at its office.”

“Direct program expenses 1,426,187 0 0 contract services 41 20 1,249 events 0 0 775,762 bank and merchant fees 4,737 53,068 3,469 other 5,369 998 2,881 other oli project costs 0 0 -104,164 special events expenses 0 0 -671,598 fd store expenses 0 0 -9,691 total 1,436,334 54,086 -2,092”

“Reserve funds 1,964,300 investment in subsidiary -423,393 total 1,540,907”