Latinolead Inc

“The executive committee consists of the board chair, immediate past chair, vice chair, secretary, treasurer, executive director, and the chairs of all standing committees established by the board who are regular directors. The committee shall exercise the powers of the board in the interim between meetings of the board, with general power to discharge the duties of the board, except as such power from time to time may be limited by the board.”

“The form 990 is prepared by the organization's outside public accounting firm based on information provided by management. Once a draft of the filing is complete, it is provided electronically to the board for their feedback and review for a period of at least one week prior to filing.”

“Each insider shall disclose to the board all material facts regarding interest in the transaction in question promptly upon learning of facts. The board will determine if a conflict of interest exists. The board will then conduct a complete review of situation including questioning of insider, review of all material facts and gather comparability data to compare against the transaction at hand. After exercising due diligence, the board will determine if the transaction is in the best interests of the organization or if a better alternative is available.”

“Organization uses data from comparable organizations and calculates an average salary amount based upon their projected growth and size of organization. The board of directors determines compensation for employees based on nonprofit best practices and local average range for the roles of various employee positions. The finance committee then reviews and provides recommendations to the board of directors which ultimately approves the budget and salaries. This process will be documented in the minutes. The most recent compensation study was completed in 2021.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Grant coordinator: program service expenses 2,500. Management and general expenses 0. Fundraising expenses 27,500. Total expenses 30,000. Payroll fees: program service expenses 0. Management and general expenses 679. Fundraising expenses 0. Total expenses 679. Communications: program service expenses 32,741. Management and general expenses 0. Fundraising expenses 0. Total expenses 32,741. Project management: program service expenses 8,423. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,423. Video production: program service expenses 8,850. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,850. Other fees: program service expenses 9,390. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,390.”