Arca Foundation

“Arca's foundation's irs form 990 is reviewed by the arca foundation finance committee at their regular meeting prior to the return due date. Arca foundation finance committee then presents the irs form 990 to the arca foundation board of directors at their regular board meeting for their review and approval. A draft of the irs form 990 is e mailed to those reviewing and approving one week prior to the meeting.”

“Arca foundation has a conflict of interest policy which includes having all new board and committee members sign an acknowledgement they have read and understand the policy. All board and committee members are required annually and in writing to disclose all businesses or other organizations of which the member or leader, or a member of his family, is an officer, member, owner, or employee; or for which the member or leader, or a member of his family, acts as an agent; or from which the member or leader, or a member of his family, receives compensation or renumeration of any sort, with which arca foundation competes or with which arca foundation has, or might reasonably in the future enter into, a relationship or transaction. Arca foundation also has a policy directing the board president and other board members on how to disclose a potential conflict of interest when issues are discussed or voted, which includes disclosure and the party removing themselves from the meeting during discussion and vote. The policy directs the board or committee to seek alternatives to the proposed transaction so as not producing a conflict of interest unless a more advantageous transaction or arrangement is not reasonably possible.”

“Arca's foundation's executive committee conducts periodic reviews to determine if: 1)compensation arrangements and benefits are reasonable, based on competent survey information and the result of arm's length bargaining and 2) conform to arca's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purpose and do not result in impermissible private benefit or in an excess benefit transaction. These reviews occur at least annually. The committee does a comparative survey of salaries of organizations similar in size and nature. The review and comparative study is documented.”

“WISCONSIN”

“Governing documents, policies, financial statements and the irs form 990 are made available to the public upon request within three working days of the date the request was made. Arca and arca foundation's consolidated audited financial statements are posted on the arcaopeningdoors.org website.”

“Program service expenses 759,149 76% management and general expenses 128,478 13% fundraising expenses 109,744 11% 990, part i, line 15 - there were no salaries for the year ended june 30, 2018 as those positions were performed by employees of arca and are included as contractual services on the statement of functional expenses.”