Omaha Bridges Out of Poverty Inc

“There are no committess with authority to act on behalf of the governing body.”

“Each year, the finance committee reviews the draft form 990 in detail. Upon completion of its review, the committee recommends acceptance of the form 990 to the full board of directors. The full board then reviews and approves the form 990 prior to its submission to the irs.”

“Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a) has received a copy of the conflict of interest policy, b) has read and understands the policy, c) has agreed to comply with the policy, and d) 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 the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee 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.”

“In early 2023, the executive committee of the board of directors met to discuss and establish appropriate compensation for the incoming ceo position. The committee engaged an executive search firm to assist in recruiting, hiring, and determining a fair market salary based on comparable positions within similar organizations. This process ensured that compensation was aligned with market standards and the organization's budgetary considerations. The ceo compensation is included in the organization's annual operating budget, which is reviewed and approved by the full board of directors each fiscal year.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”