Equality Utah Foundation

“The form 990 is prepared by a cpa firm. It is reviewed for completeness and accuracy by the organization's contract cfo, the executive director, and the finance committee. A copy of the return is also provided to the full board of directors prior to filing.”

“The organization's conflict of interest policy is reviewed annually with board members and management. In addition, the conflict of interest policy is reviewed with new board members and before any large transactions are entered into or significant decisions are made. The organization requires that all board members and management annually disclose any potential conflicts of interest. When potential conflicts of interest are disclosed, the executive committee is responsible for reviewing those conflicts and determining the appropriate action to be taken, such as recusal from discussion and voting on issues related to the conflict.”

“In determining the executive director's compensation, the organization uses a committee consisting of individuals who are independent from the executive director. The organization relies on comparability data, such as salary surveys and similar data, to establish a reasonable level of compensation based on the position, size of organization, and region. The deliberation and determination of compensation is contemporaneously documented.”

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon written request to the organization's offices.”

“Other direct special event expense 34,864 other direct special event expense -34,864”

“The financial statements of the organization have been prepared on the modified cash basis of accounting, which is a comprehensive basis of accounting other than generally accepted accounting principles (u.s. Gaap). This basis of presentation differs from u.s. Gaap in that revenues are recognized when received rather than when earned, and expenses are recognized when paid rather than when the obligation is incurred. Modifications to the cash basis of accounting include related-party accounts receivable, related-party accounts payable, property and equipment, and in-kind contributions. Related-party receivables are recognized when paid by the organization on behalf of a related party. Related-party payables are recognized when expenses are paid by a related party on behalf of the organization.”

“No actual change in accounting method has occurred. In the prior year, the tax preparer indicated that the organization used the cash method of accounting. In the prior year, the organization actually had been using a modified cash basis of accounting.”