Toolbox Inc.

“An electronic copy of the Form 990 is provided to all board members for individual review. This ensures that each member has ample time to go through the document thoroughly before the group discussion. An in-person meeting is scheduled where board members come together to review the Form 990 as a group. During this meeting, board members can ask questions, discuss any concerns, and clarify any points of confusion. During the group review, any necessary clarifications or missing items are identified. The board collaborates to ensure that all information is accurate and complete. Based on the feedback from the Board. any needed changes or adjustments to the Form 990 are made. This step ensures that the form is accurate and reflects the organization's activities and finances correctly. After revisions, the Form 990 is reviewed once more by the board. If no further questions or clarifications are needed, the board proceeds to the next step. A motion is made to approve and file the Form 990. This motion requires a second to proceed to a vote. The board votes either to approve or not approve the Form 990. A majority vote is required for the approval to pass. Once a majority approval is reached, the Chair of the Board signs the Form 990 and the Executive Director instructs the accounting team to file it with the IRS. This process ensures that all board members are involved in the review and approval of the Form 990, providing transparency and accountability in the organization's financial reporting.”

“The board gives the Executive Director position a review annually and has a meeting to discuss compensation where they look at comparable data and vote on compensation.”

“The organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year upon request.”