Community Hero Action Group

“Draft Form 990 was prepared and reviewed internally. The draft was then reviewed by Board of Directors during board meeting. After board approval 990 was submitted.”

“Board members and key staff must disclose potential conflicts annually and before relevant discussions. The Compliance Committee reviews major transactions quarterly to identify undisclosed conflicts. When conflicts arise the individual recuses themselves from discussions and decisions while independent board members determine if the transaction remains in the organizations best interest. For conflicts discovered after transactions begin the board conducts reviews and takes appropriate remedial action. All conflict reviews and resolutions are documented.”

“15a. The process used to establish compensation of the person who served in the role of Executive Director- Nicole McGruder. The Board of Directors annually reviews comparable salary data from similar nonprofits in our region and sector. This includes examining industry salary surveys and compensation studies for organizations of similar size budget and mission. The Board reviews market analysis to the and then deliberates and votes on appropriate compensation levels. All compensation decisions are documented in board minutes. The board reviews performance metrics to ensure compensation aligns with organizational goals and achievements. Performance review includes a survey by the Board of Directors Advisory Board and volunteers. 15b. There were no other key roles within the organization.”

“The organization makes its governing documents conflict of interest policy and financial statements available to the general public upon request. Additionally our Form 990 is available on GuideStar and the IRS website.”

“Community Hero Action Group”

“| Description:, Explanation:, Amount:| Part XI Line 9 represents a net asset reclassification of $344,364 to properly reflect the release of donor-restricted funds received in prior periods and utilized for program services in the current tax year plus minor rounding and reconciliation adjustments of $2,546 to align internal equity accounts with Form 990 reporting standards., Part XI Line 9- Other changes in net assets or fund balances, $346910|”

“| Explanation:| 24e. Miscellaneous expenses include bank charges and fees $161 postage and delivery $671 and taxes and licenses $237. These regular operational costs contribute to program service delivery 65% management and general administration 25% and fundraising activities 10%.”