Sicangu Community Development Corporation

“An electronic copy of the complete 990 and applicable schedules is provided to the board members for review prior to filing.”

“The policy applies to covered persons which includes (a) every director, officer, and key person of the organization, (b) any relative of any individual described in (a), and (c) any entity in which any individual described in (a) or (b) has a 35% or greater ownership or beneficial interest in or, in the case of a partnership or professional corporation, a direct or indirect ownership interest in excess of 5%. Additionally, covered persons must promptly disclose any new conflicts that arise during the year, including all material facts, to the board of directors. Upon disclosure of a potential conflict, the board reviews all relevant information and may request further details. The individual with the potential conflict may present information but is prohibited from influencing deliberations and must recuse themselves from both discussion and voting on the matter. The board, by majority vote, determines whether a conflict exists.”

“Management compensation is set and approved by the board of directors. The organization's top financial official is an employee of an unrelated but affiliated organization and receives all compensation from that organization. The board of directors, with the exception of the member at large, is a volunteer board and therefore a compensation process is not applicable. The member at large is an employee of an unrelated but affiliated organization and receives all compensation from that organization.”

“An electronic copy is maintained by the finance officer and available upon written request.”

“Contractor labor: program service expenses 209,047. Management and general expenses 186,664. Fundraising expenses 18,235. Total expenses 413,946. Consulting fees: program service expenses 40,935. Management and general expenses 85,849. Fundraising expenses 5,842. Total expenses 132,626. Professional fees: program service expenses 6,473. Management and general expenses 1,000. Fundraising expenses 344. Total expenses 7,817. Board stipend: program service expenses 2,294. Management and general expenses 0. Fundraising expenses 106. Total expenses 2,400.”