Hillman Accelerator

“Form 990 is shared digitally with the board before filing for review and approval.”

“In connection with any actual or possible conflict of interest, an interested person must disclose the existence of his or her financial interest and must be given the opportunity to disclose all material facts to the directors and members of committees with board-delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he or she shall leave the 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. Each director, principal officer and member of a committee with board-delegated powers shall sign a statement which affirms such person (a) has received a copy of the policy; (b) has read and understands the policy; (c) has agreed to comply with the policy; and (d) understands the corporation 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.”

“The current process for compensation includes an independent review of comparable salary and benefits to the market. The items are reviewed by hillman's non-profit counsel at taft. Compensation amounts have been set by the board since the inception of the organization in 2017 and is reviewed at the year-end board meeting typically held in december of each calendar year. At this time the executive director is the only officer/director that is compensated.”

“The organization's documents are available upon request.”

“Contract services: program service expenses 85,471. Management and general expenses 108. Fundraising expenses 0. Total expenses 85,579.”