Fund for a Better Future Inc

“The 990 is prepared by outside tax accountants and then reviewed by management and the audit committee. It is then sent to all voting members before filing.”

“A conflict of interest policy covers officers and directors, who are required to disclose potential conflicts annually in writing and prior to any vote by the board of directors in which a conflict exists or appears to exist. The board of directors determines if an actual or apparent conflict exists and is responsible for any required review and action. In all cases, board members recuse themselves from voting in case of conflicts of interest.”

“Resources legacy fund (rlf) is an unrelated organization that works with fbf, sharing resources that are paid to rlf from fbf. The rlf governance committee, on behalf of the rlf board, engaged an outside consultant to review the executive compensation of peers, to assess executive compensation, and to provide an independent opinion regarding the reasonableness of executive compensation. This process is documented. The positions of president, secretary, and treasurer were included in this assessment along with other key employees who work on fbf. This process is undertaken every 3 years and was last completed in 2024. Outside of this process, the president's compensation review is completed annually by the rlf governance committee and is documented.”

“Audited statements and 990 tax returns are available and downloadable from the fbf's website. Form 1024 is available upon request.”

“The organization makes its form 1024 available to the public upon request.”

“Fbf and resources legacy fund (rlf), an unrelated organization, are party to a cost sharing reimbursement agreement under which fbf reimburses rlf for direct and indirect costs, including personnel costs, incurred on behalf of fbf. As a part of the agreement, fbf reimbursed rlf for personnel costs for avi garbow, matthew armsby, rosina bugarin, and helena choi, as well as other shared staff. Fbf does not pay any payroll taxes directly; resources legacy fund satisfies employment tax-related obligations on behalf of fbf. Rlf's compensation of $51,095 to avi garbow, $38,924 to matthew armsby, $41,730 to rosina bugarin, and $20,181 to helena choi, respectively, was reimbursed by fbf to rlf and has been reported on part vii of the return for those individuals.”

“Contractor expenses (see below for details): program service expenses 1,921,021. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,921,021. Professional fees: program service expenses 139,424. Management and general expenses 14,467. Fundraising expenses 98. Total expenses 153,989. Temporary help: program service expenses 747. Management and general expenses 221. Fundraising expenses 4. Total expenses 972.”