The Whispering Hope Ranch Foundation

“The 990 is prepared by an outside accounting firm and is reviewed by senior staff prior to being filed with the irs.”

“In connection with any actual or possible conflicts of interest, an interested person must disclose the existence and nature of his or her financial interest to the directors and members of committees with board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest, the interested person shall leave the board or committee meeting while the financial interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. Each director, principal officer and member of a committee with board delegated authority annually signs a statement which affirms that such person (a) has received a copy of the conflicts of interest policy, (b) has read and understands the policy, (c) has agreed to comply with the policy, and (d) understands that whrf is a tax exempt organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

“The vice president of foundation operations compiles data from various non-profit compensation & benefits studies, which are published every three years. This data is provided to the appropriate officers of the executive committee of the board of directors, who then determine the compensation for the executive director. The executive director will also use data from the compensation & benefits studies to set compensation for other employees of the organization.”

“The organization's articles of incorporation, by-laws, conflict of interest policy and financial statements are made available to the public upon request.”