Radiate Coalition

“Family relationship: Sherry Fincher (Board Chair) is the mother-in-law of Jennie Fincher (Director). Family relationship: Michael Perry (Director / President) is the husband of Valina Perry (Vice President).”

“Completed Form 990 was reviewed in-depth with Board Treasurer, and then submitted to entire current board of directors for review before it was filed with the IRS.”

“Conflict of interest policy is signed annually by officers and directors. Details of each financial transaction and vendor relationship of the organization are reported to the entire board for review.”

“In 2020, the Board of Directors recognized the importance of implementing compensation for the Chief Executive (and potentially other key positions) to promote excellence in leadership and foster growth for the organization during a quarterly board meeting. The Board of Directors held a special sessions to discuss compensation based on the organization's current size and financial position in comparison with independent nonprofit analytics for CEO/President compensation (for example, reports by Guidestar and Excellence in Giving) and voted to establish initial compensation. The Board of Directors also voted to task the Executive Committee with the quarterly establishment of performance goals and annual review of compensation packages for the CEO/President (as well as any key employees and/or contractors), with decisions to be subject to review by Board of Directors. The CEO/President is available to the Board of Directors and Executive Committee for discussion regarding role, responsibilities, and compensation, but is recused from all related motions and voting. The Board of Directors voted and approved CEO/President compensation as an independent contractor to begin in October 2020. Compensation was reviewed by the Executive Committee in 2021 before the Annual Meeting. The Board of Directors approved the MOU and compensation for the independent contractor of Marketing Director beginning January 2021. Compensation will be reviewed by the Executive Committee in 2021 before the Annual Meeting. At the 2021 Annual Meeting (Q4), the Board of Directors discussed, voted for, and approved compensation for the Vice President as an independent contractor reporting to the Executive Committee. All compensation will be reviewed at the 2022 Annual Meeting (Q4).”

“Governing documents, conflict of interest policy, and financial statements were available for inspection at the office. Copies (print and/or digital) were made available upon request. All yearly financials statements and Form 990s are posted on the organization's website.”

“Upon further review of 2021 financials, an error within a journal entry affecting merchandise revenues, cost of goods sold, and sales tax expense. The correction for the error impacted total revenue balance, prepaid expense balance, total asset balance, and net asset balance each by less than $70. Also, a donation was identified that was missing the corresponding designation journal entry. The correction increased net assets with donors restrictions by $367 and decreased net assets without donor restrictions by $367.”