Joel and Nina Taylor Foundation

“Form 990 is prepared by a CPA, with a detailed review performed by the organization's lawyer - who is also a CPA. The staff of his law firm provides basic bookkeeping services to the organization. Questions are discussed with the organization's President during the preparation process. The final draft of Form 990is sent to each Board member for review prior to the President signing and filing the Form. Time is given for Board members to review Form 990 and to ask questions, suggest changes, corrections or additions to the Form prior to the President signing and filing the Form.”

“Board members complete an annual disclosure statement designed to reveal all conflicts of interest between the Board Member and the Organization. The disclosure statement is designed to disclose actual and potential conflicts of interest. The Board reviews all disclosure statements each year. Any Member who has a conflict of interest or potential conflict of interest is excused from participation in the discussion of the matter and does not vote with regard to the matter.”

“Reasonable compensation for Officers is determined by the Board of Directors. Reasonable compensation is defined as the amount that would ordinarily be paid for similar services by comparable organization or business organizations under similar circumstances.Compensation is based on the time required, Officer's experience and expertise and the Organization's ability to pay.”

“Form 1023, Form 990 and the organization's key organizational documents are made available to the public upon request. There were no requests for the organization's documents made during 2022.”