Guild of Future Architects Foundation

“The 990 is reviewed by the finance and operations manager and the treasurer.”

“Each director, officer, and key employee shall, prior to assuming such position, and annually thereafter, complete, sign, and submit a disclosure statement identifying, to the best of the person's knowledge, any entity of which such person is an officer, director, trustee, member, owner (either as sole proprietor or a partner), or employee, and with which the organization has a relationship, and any transaction in which the organization is a participant and in which the person might have a conflicting interest. The statement shall also affirm that such person-- 1. Has received a copy of this conflict of interest policy, 2. Has read and understands this policy, 3. Has agreed to comply with this policy, and 4 understands that the organization is a tax-exempt organization and that, in order to maintain its federal tax exemption, it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

“The executive director's salary was approved by the board chair. The organization is in the process of of developing a formal compensation approval policy for all officers which will include review and approval by the board, comparability data and contemporaneous substantiation of the deliberation and decision.”

“The governing documents including the conflict of interest policy and financial statements are available upon request.”

“Mark beam, board director, received compensation for executive management services provided to the organization, not for his board service.”

“Consultants: program service expenses 321,998. Management and general expenses 189,943. Fundraising expenses 53,000. Total expenses 564,941.”