Lemonade Circle

“Before filing, The Lemonade Circle provides a complete draft of Form 990 to all members of its governing body for review. The Executive Director works in coordination with the organization's accountant or preparer to ensure the form is accurate and complete. The Board of Directors is given the opportunity to ask questions and discuss the content during a scheduled board meeting or via email communication. Any feedback or requested changes are reviewed and addressed prior to submission. This process ensures transparency, accountability, and board oversight of the organization's financial and operational reporting.”

“The Lemonade Circle regularly and consistently monitors and enforces compliance with its Conflict of Interest Policy. Each year, all board members and key personnel are required to complete and sign a Conflict of Interest disclosure form. These disclosures are reviewed by the Executive Director and/or the Board Chair to identify any potential conflicts. If any conflicts are disclosed, they are addressed in accordance with the organization's bylaws and documented in board meeting minutes. Additionally, the Conflict of Interest Policy is reviewed annually during a board meeting to ensure continued relevance and awareness. This process promotes transparency and upholds the integrity of The Lemonade Circle's decision-making.”

“The only compensated individual at The Lemonade Circle is the Chief Executive Officer (CEO). The Board of Directors uses a formal review process to establish the CEO's salary prior to the start of each fiscal year. This process includes a review of the organization's budget, comparable compensation data when available, and the CEO's performance in alignment with organizational goals. The final compensation amount is determined and approved by a vote of the full Board of Directors, with the CEO recused from any discussions and decisions regarding their own compensation. The most recent compensation review and approval process was completed in 2023 for the 2024 calendar year.”

“The Lemonade Circle makes its governing documents, Conflict of Interest Policy, and financial statements available to the public upon request. Copies may be obtained by contacting the organization via email at [[email protected]] or by mailing a written request to our principal office. As this is the organization's first year exceeding $200,000 in annual revenue and filing a full Form 990, The Lemonade Circle is formalizing its transparency practices. Once filed, the Form 990 and accompanying financial statements will also be available on the organization's website to ensure public access and accountability.”