Free Yezidi Foundation

“There is a family relationship between two board members.”

“A copy of the federal form 990 is circulated electronically to the foundation's board members before it is filed with the internal revenue service.”

“The powers of board membership and those of the executive director or any foundation staff members may not be used to personally benefit board members or the executive director at the foundation's expense. If a party has a financial interest in an organizational transaction, he or she must fully disclose the interest and abstain from voting. Loans to board members or foundation staff members or volunteers are strictly prohibited. All salaries or payment expenses to any staff members or board members must be indicated in the foundation's financial reporting. To ensure the corporation operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: a. Whether compensation arrangements and benefits are reasonable, based on competent survey information. B. Whether partnerships, joint ventures, and arrangements with management organizations conform to the corporation's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes, and do not result in inurement, impermissible private benefit, or in an excess benefit transaction.”

“The compensation of the foundation's executive director is determined by the board of directors, based on comparable executive director compensation and the executive director's performance. The process was last performed in september 2024. In addition, as fyf curtailed its company health insurance program as of may 1, 2024, the board of directors agreed to increase the executive director's salary as of that month to offset the executive's cost of seeking insurance privately. The salaries of all other employees are determined by the foundation's executive director. Compensation ranges for all staff positions are approved by the foundation's executive director. No employee of the foundation may be compensated outside of the approved range without the approval of the foundation's executive director. Form 990, part vi, section b, line 15b: the organization does not have any officers or key employees other than the executive director.”

“The financial statements are available upon written request. The federal form 990 is available to any interested party upon request. It is also available at www.guidestar.org.”

“Consulting services: program service expenses 608,210. Management and general expenses 16,836. Fundraising expenses 9,018. Total expenses 634,064. Payroll processing: program service expenses 0. Management and general expenses 4,779. Fundraising expenses 0. Total expenses 4,779.”