Women Business Collaborative

“The form 990 was prepared by the outside accountants and presented to the ceo, legal counsel, and board for review and approval prior to filing with the irs.”

“Annually, each director, principal officer and other member of a committee with governing board delegated powers signs a conflict of interest statement. In determining if there is a possible conflict of interest, an interested person makes a presentation at the executive committee meeting, but after the presentation, he/she leaves the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The chairperson of the executive committee, if appropriate, appoints a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the executive committee determines whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the executive committee determines by a majority vote of the disinterested directors or members whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it makes its decision as to whether to enter into the transaction or arrangement. If the executive committee has reasonable cause to believe that an interested person has failed to disclose actual or possible conflicts of interest, it informs the interested person of the basis for such belief and affords the person an opportunity to explain the alleged failure to disclose. If, after hearing the interested person's response and after making further investigation as warranted by the circumstances, the executive committee determines the interested person has failed to disclose an actual or possible conflict of interest, it takes appropriate disciplinary and corrective action. All proceedings are recorded in the minutes of the board meeting.”

“The process for determining compensation of the ceo includes the use of comparability data and review and approval by the board. The process is documented in the board meeting minutes. The last compensation review took place december 2024.”

“The organization makes its governing documents available to the public upon request.”

“Other professional fees: program service expenses 195,349. Management and general expenses 85,301. Fundraising expenses 0. Total expenses 280,650. Marketing consultants: program service expenses 5,226. Management and general expenses 14,534. Fundraising expenses 0. Total expenses 19,760.”