Feet First Foundation

“In 2024, the board became aware that the executive director during 2021-2023, had used the organizations cash assets to pay personal expenses and make unapproved sponsorships and gifts. Upon becoming aware of the misappropriation, the board immediately took steps to safe guard the organizations assets. Such measures included disengaging with the executive director, terminating his access to organizational assets and systems, and implementing stronger internal controls around all assets. In furtherance of their efforts to remediate the situation, the organization also filed a letter with the district attorneys office notifying the authorities the former executive directors misconduct.”

“The bylaws call for review of the 990 and other business matters at an annual meeting at a times and place fixed by the board.”

“The conflict of interest policy as adopted by the board of directors explicitly states that all interested persons that have a conflict of interest as defined in the policy have a duty to disclose the conflict to the board of diretors. The board has the responsibility to investigate all conflicts of interest and determine whether a conflict exists, the business relationship is reasonable and necessary and/or if another option that does not involve conflict. The board must periodically review all conflicts to ensure that the foundation operated in a manner consistenat with its charitable purposes and does not engage in activities that could jeopardize its tax-exempt status.”

“The bylaws call for periodic board review of officer salaries to ensure that officer compensation is fair, reasonable and given in return for services actually rendered for the foundations performance of the public benefit purposes of the foundation.no salaried officer serving as a director shall be permitted to vote on their own compensation as an officer.”

“The bylaws call for periodic board review of all salaries to ensure that compensation is fair, reasonable and given in return for services actually rendered for the foundations performance of the public benefit purposes of the foundation.”

“Public access to conflict of interest, bylaws and financial statements are available to the public upon request.”

“Pt IX, Line 24: IN 2024 THE ORGANIZATION BECAME AWARE OF A MISAPPROPRIATION OF ASSETS (SEE ABOVE NOTE AT Pt VI, Line 5). IN 2025, THE ORGANIZATION PRESENTED THEIR DISCOVERY TO THEIR LOCAL DISTRICT ATTORNEY. HOWEVER, THE ORGANIZATION DOES NOT BELIEVE THAT IT WILL BE ABLE TO RECOVER THE MISAPPROPRIATE ASSETS. ACCORDINGLY, THE RELATED THEFT LOSSES HAVE BEEN WRITTEN OFF AS OF THE END OF 2024.”

“Guideline 401k processing fee 886. 86. 800. 0.”

“Program supplies & materials 2476. 2476. 0. 0.”

“Training/certifications 1210. 1210. 0. 0.”

“Vehicle expenses 8808. 7108. 1700. 0.”

“Court fees & expenses 200. 200. 0. 0.”

“Printing & copying 18. 0. 0. 18.”

“Postage & shipping 1734. 1734. 0. 0.”

“Dues & subscriptions 404. 0. 404. 0.”

“GIFTS 177. 177. 0. 0.”

“Bank fees 4122. 4122. 0. 0.”

“Referral incentive 300. 300. 0. 0.”

“Website 6801. 3801. 3000. 0.”

“Extracurriculars 1720. 720. 0. 1000.”

“Prior year payroll taxes 719. 0. 719. 0.”

“Unrecoverable theft losses 267541. 0. 267541. 0.”