North Star Alliance

“Each board member is provided a draft copy of the Form 990. The president will convene a telephonic board meeting to review the document with the board members, obtain changes and feedback, and then the board will approve the return to be filed.”

“The organization has adopted a conflict of interest policy. Each board member reviews the conflict of policy and accompanying checklist, and signs the conflict of interest disclosure form. These are retained by the secretary. The board members review the conflict of interest policy at every annual meeting.”

“The organization does not pay any fees to directors or officers for their service as a director (except reimbursement for expenses in amounts approved by the board). Salaries for officers are fixed by resolution of the board or persons to whom the board has delegated this function. No officer shall be prevented from receiveing compensation by reason of the fact they are a director. In all such casees, any salaries received by officers shall be reasonable and given in return for actual services rendered which related to performance of the public benefit purpose of the organization. Officers serving as directors are not permitted to vote on his / her own compensation as an officer. The board periodically reviews the fairness of compensation and benefits paid to every person (i) once such person is hired, (ii) upon any extension or renewal of such person's term of employment, and (iii) when such person's compensation is modified (unless all employees are subject to the same general modifications of compensation).”

“There was no activity in prior year. As 2019 is the first year of operations, the organization elected to follow GAAP basis of accounting. The prior year tax returns reflected cash basis but no assets, liabilities, or activities were reported in prior year. The organization will follow GAAP for all periods going forward.”

“The board of directors oversees the audit process. Year 2019 was the first year of operation and the first year the organization engaged an audit firm to audit the books of the organization in compliance with CA nonprofit requirements.”

“The bylaws require the board to evaluate fairness of compensation to the officers of the organization (i) once such person is hired, (ii)upon any extension or renewal of such person's term of employment, and (iii) when such person's compensation is modified.”

“The organization's governing documents and financial statements are available upon written request.”

“The organization updated its bylaws to reflect a change in its mission. This is reflected in Part III.”