Monarch 61 Project Inc.

“A complete copy of form 990 is provided to the organization before return submission.”

“An actual or potential conflict of interest occurs when you can influence a decision that may result in a direct or indirect personal gain for you or for an immediate family member because of monarch 61 project's work. Any employee or board member must disclose any personal or business interest in transactions with monarch 61 project. This includes significant ownership in a firm in which monarch 61 project does business. Under no circumstances may you, an immediate family member, a business partner, or any business in when you have financial interest solicit or receive any bribe, kickback, favor, anything with a monetary value more than $25, or special consideration from any person having business dealing involving monarch 61 project without the express written consent of monarch 61.”

“The board of directors are responsible for establishing compensation for the executive director. The board will conduct a review of the executive's compensation annually. This review will include a comparison of compensation paid by similarly sized organizations in the same geographical location. In setting the compensation for the executive director, the board, through a committee, will employ non-profit industry best practices and existing compensation surveys in determining appropriate compensation for monarch 61 project's executive director. The committee will document its process for the full board's review. The board's committee will consider the following, among other factors: the individual's duties and responsibilities. The number of employees the individual manages.”

“Every board member will receive and review a copy of the 990 before it is filed with the irs. The copy provided to the board should be an exact replica of what will be filed with the irs. The board will review the 990 as part of their duties to ensure that the organization is fulfilling its tax-exempt purpose.”