Raising a Village Foundation

“Driven 2 Succeed (D2S) is a youth-development program for elementary, middle, and high school students that provides support in the areas of academic interventions, social emotional learning, and college and career readiness. For the 2023-2024 school year, 464 students were served across the District of Columbia.”

“The return preparer emails a draft of Form 990 to management for internal review. Any revisions are incorporated by the return preparer, and a revised draft is then emailed to the engaged independent accounting firm for review. Once all changes have been made and approved by the independent accounting firm, the final Form 990 is emailed by the return preparer to the Founder/CEO, Board Chair and Budget & Finance Committee for final review. Upon receipt of final approval from these officers, the Form 990 is sent to management for approval, and a copy of the final Form 990 is distributed to all seated board members prior to filing with the IRS.”

“Any Board or committee member who becomes aware of a potential conflict of interest with respect to any matter coming before the Board, committee, or working group shall make this potential conflict known immediately in any discussion relating to the matter.”

“Any director, officer, key employee, or committee member with board-delegated authority must disclose any actual or potential conflict of interest and all material facts related to any proposed transaction or arrangement. Each interested person shall annually sign a statement affirming that they have received, read, understand, and agree to comply with the Conflict of Interest Policy, and understand the organizations charitable purpose and obligation to maintain its federal tax-exempt status. The statement shall also disclose or update any interests that could give rise to a conflict, including family relationships, business or investment holdings, and relevant affiliations. The organization shall conduct regular reviews, at least annually by the board secretary, to ensure compliance with this policy, including review of compensation arrangements, partnerships and joint ventures, board and committee implementation of the policy, and potential improvements to the policy. Outside advisors may be used but do not relieve the governing board of its responsibilities. If a conflict of interest is identified, the governing board or committee shall evaluate alternatives, determine whether a conflict-free arrangement is reasonably available, and, if not, decide by a majority vote of disinterested directors whether the transaction is fair, reasonable, and in the organizations best interest before approving it.”

“Compensation is determined through a process that includes review and approval by the Board of Directors and the Budget & Finance Committee. As part of this process, management prepares budget projections and compensation proposals, which are evaluated in light of the organizations financial condition and operating budget. The board or committee reviews relevant comparability data, including market and industry benchmarks, and documents its deliberations and decisions contemporaneously. Individuals whose compensation is being reviewed do not participate in the discussion or approval of their own compensation.”

“See above.”

“Raising A Village Foundations governing documents, Conflict of Interest Policy, are available to the public upon request by emailing [email protected].”