Our Spot Kc

“A copy of the 990 will be provided for review to the entire board and all board members will vote to approve the 990 before it is filed.”

“Annually, board members, officers, and other staff complete the conflicts of interest questionnaire. Staff disclosures are made to the executive director (or if he or she is the one with the conflict, then to the designated committee), who determines whether a conflict exists and is material, and if the matters are material, bring them to the attention of the designated committee. Disclosures involving directors are made to the board of directors. The board as a whole determines whether a conflict exists and is material, and in the presence of an existing material conflict, whether the contemplated transaction may be authorized as just, fair, and reasonable to our spot kc. The decision of the board on these matters will rest in their sole discretion, and their concern must always be in the best interest of our spot kc and the advancement of its purpose.”

“The executive director's compensation is determined by the organization's financial status and assessment of similar nonprofits in size and duties of the executive director provided via guidestar or a non-profit salary index by umkc. The board approves the executive director's compensation.”

“The organization makes it governing documents available upon request.”

“The financial statements of oskc have been prepared on the modified cash basis of accounting. Under that basis, revenues and related support are recognized when received rather than when earned, and expenses are recognized when paid rather than when incurred. The statements have been modified from the cash basis of accounting by recording capital assets and related depreciation and debt incurred to purchase capital assets.”