Mission Increase

“Dale and gail stockamp are husband and wife.”

“Mission increase foundation is the sole member of mission increase.”

“Mission increase foundation, the sole member, has authority to remove or replace members of the organization's board of directors.”

“Prior to filing, the form 990 is provided to all board members for review for accuracy and approval.”

“Each director and officer shall periodically sign a statement that affirms such person: a. Has received a copy of the conflict of interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Understands that the corporation is a charitable organization and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. Violations of the conflict of interest policy a. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflict of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. B. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“Procedure for approval of compensation a. General. The board shall review and approve the compensation of compensated individuals. B. Specific requirements. The board reviewing and approving compensation for compensated individuals shall satisfy the following requirements or procedures: (1) approval by persons without a conflict of interest. Compensation shall be reviewed and approved by the board, provided that directors with a conflict of interest with respect to the compensation arrangement at issue are not involved. Members of the board do not have a conflict of interest if they (a) are not benefitting from or participating in the compensation arrangement; (b) are not in an employment relationship subject to the direction or control of any person benefitting from or participating in the compensation arrangement; (c) do not receive compensation or other payments subject to the approval of any person benefitting from or participating in the compensation arrangement; (d) have no material financial interest affected by the compensation arrangement; and (e) do not approve a transaction providing economic benefits to any person participating in the compensation arrangement, who in turn has or will approve a transaction providing economic benefits to the member. (2) use of comparability data. In its review and approval of compensation, the board shall review and use data and surveys of comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated nonprofit organizations. (3) recording compensation deliberations. The board shall contemporaneously document and maintain records with respect to the deliberations and decisions regarding the compensation arrangement. (4) review and approval for certain executive officers. In addition to the requirements of this policy applicable to all compensated individuals, any compensation set for the ceo or president, and cfo or treasurer, (or individuals with equivalent powers, duties or responsibilities comparable to these positions), must also be determined to be just and reasonable. The board's review and approval shall occur initially upon hiring, whenever the term of employment, if any, is renewed or extended, and whenever the compensation is modified. Separate review and approval shall not be required if a modification of compensation extends to substantially all employees.”

“The governing documents are made available upon request. Conflict of interest representations are made annually.”

“Amended return explanation mission increase is filing an amended 2023 form 990 return to report an increase in grants received from mission increase foundation (related entity) of $50,785. The balance sheets of the two organizations are being corrected to reflect that this entity owns a portion of the assets reported in the related foundation's investment account, including the 2023 increase in that portion of the account. Part vi, question 7a and the explanation have also been updated to clarify the controlling entity's authority with respect to the board of directors. These amendements result in changes as follows: part i, lines 8, 12, 15, 18, 19, 20, 22. Part iv, line 11b. Part viii, lines 1d, 1h, 12. Part x, lines 1, 11, 12, 16, 31, 32, 33. Part xi, lines 1, 3, 4, 10. Schedule a part ii, lines 1, 4, 7, 10, 11. Schedule b part i, line 71. Schedule d, part vii, line 3a. Schedule r - part v.”