Bean Path

“Tonie sephus is dr. Nashlie sephus' mother.”

“Irs form 990 is provided to both the president and the finance committee of the board of directors on an annual basis for review. Any questions or concerns are answered/cleared before filing with the internal revenue service.”

“A potential conflict of interest must be disclosed as soon as the individual has become aware of it and always before any actions involving the potential conflict are taken. The individual must submit a signed, written statement disclosing all the material facts to the audit committee. An annual disclosure statement must be filed. Directors must also file the annual disclosure statement prior to their initial election and submit to the chair of the audit committee. After there has been disclosure of a potential conflict and after gathering any relevant information form the concerned director, officer, or key person, the audit committee shall determine whether there is a conflict of interest. The director, officer, or key person shall not be present for deliberation or vote on the matter and must not attempt to improperly influence the determination of whether a conflict of interest exists. In determining whether a conflict of interest exists, the audit committee shall consider whether the potential conflcit of interest would cause a transaction entered into by the bean path to raise questions of bias, inappropriate use of the bean path's assets, or any other impropriety. A conflict always exists in the case of a related party transaction - a transaction, agreement or other arrangement in which a related party has a financial interest and in which the bean path or any affiliate of the bean path is a participant. If the audit committee determines that there is a conflict of interst, it shall refer the matter to the board of directors.”

“The board of directors or a committee authorized by the board of directors shall approve compensation before it is paid. The board or authorized committee shall base approval of compensation on appropriate data, including compensation paid by comparable organization (three are sufficient if the bean path's income is less than $1,000,000) for functionally similar positions, availability of similar services in the geographic area of the bean path, and compensation surveys compiled by independent firms. The board or authorized committee shall contemporaneously document: - the terms of compensation and date of determination - the members of the board or committee who were present and those who voted for it - the comparability data relied on and how it was obtained - if the compensation is higher or lower than the range of comparable data, the basis for the determination, and - any actions with respect to consideration of the compensation by anyone on the board or committee who had a conflcit of interest with respect to the matter”

“The organization makes its governing documents, conflicts of interest policy and financial statements available to the public upon request, along with its form 990, return of organization exempt from income tax.”

“Contract labor: program service expenses 212,085. Management and general expenses 62,248. Fundraising expenses 31,743. Total expenses 306,076. Other professional fees: program service expenses 3,626. Management and general expenses 9,932. Fundraising expenses 483. Total expenses 14,041.”

“The auditor meets with the board of directors making a full presentation at the completion of the audit for the year answering any of the board's questions. The auditor works closely with the board of directors during the year should any concerns arise.”