Civic Intelligence

The Peavey Project

EIN 87-1481908 • 501(c)3 • Richmond, VA

Profile

Our mission is teaching mindfulness as a tool to enhance personal health performance and the communities we serve.

11905 Glen Gary CourtRichmond, VA 23233

www.thepeaveyproject.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

64th percentile

10%

Higher net margin than 64% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

89th percentile

62%

Faster asset growth than 89% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2024

Revenue Growth

88th percentile

70%

Faster revenue growth than 88% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2024

Assets

Up

$253,495

Up $33,467 (+15%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$253,495

Up $33,467 (+15%) from 2023

Revenue

Up

$325,088

Up $186,595 (+135%) from 2023

Expenses

Up

$291,621

Up $176,617 (+154%) from 2023

Net Income

Up

$33,467

Up $9,978 (+42%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2021: $60,066Liabilities 2021: $0Net Assets 2021: $60,0662021Assets 2022: $115,965Liabilities 2022: $0Net Assets 2022: $115,9652022Assets 2023: $220,028Liabilities 2023: $0Net Assets 2023: $220,0282023Assets 2024: $253,495Liabilities 2024: $0Net Assets 2024: $253,4952024

Highlighted filing

2024

Assets$253,495
Liabilities$0
Net Assets$253,495

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0Revenue 2021: $66,753Expenses 2021: $6,687Net Income 2021: $60,0662021Revenue 2022: $101,043Expenses 2022: $45,144Net Income 2022: $55,8992022Revenue 2023: $138,493Expenses 2023: $115,004Net Income 2023: $23,4892023Revenue 2024: $325,088Expenses 2024: $291,621Net Income 2024: $33,4672024

Highlighted filing

2024

Revenue$325,088
Expenses$291,621
Net Income$33,467

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 2, 2025
Return Version
2024v5.1
Gross Receipts
$406,353
Mission and Program Overview

Mission

Our mission is teaching mindfulness as a tool to enhance personal health performance and the communities we serve.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$220,028$253,495▲ $33,467
Cash and Non-Interest-Bearing Accounts$220,028$250,078▲ $30,050
Accounts Receivable-$3,417-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$220,028$253,495▲ $33,467
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$220,028$253,495▲ $33,467
Total Liabilities and Net Assets / Fund Balance$220,028$253,495▲ $33,467
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Collin McconaghyOfficerFT$105,000$105,000
John E Mcdonald IiiOfficerFT$105,000$105,000

Board Members and Trustees

NameTitle
Will StettiniusPresident of Board
Wit RobertsonVice President/community Builder
Alex PeaveyLifelong Board Member
Sarah PeaveyLifelong Board Member
Luke WalkerDevelopment
Anne RusbuldtEvents/secretary
Beth FallonEvents/secretary
Dashon TibbsMarketing
John ReifsniderStrategy
Revenue and Support

Revenue Composition

Contributions and Grants
$216,819
Program Service Revenue
$112,800
Investment Income
$49
Other Revenue
$-4,580
All Other Contributions
$216,819
Change in Net Assets
$33,467
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$226,165
Other Expenses$64,826
Total Fundraising Expense$51,195
Grants and Similar Amounts Paid$630
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$142,800$35,700$31,500$210,000
Payroll Taxes$10,992$2,748$2,425$16,165
All Other Expenses$6,857$5,859$2,689$15,405
Fees for Services Accounting-$13,573-$13,573
Other Expenses$2,793$645$1,470$4,908
Insurance-$3,400-$3,400
Travel$2,302$340-$2,642
Advertising$799$799-$1,598
Grants to Domestic Individuals$630--$630
Fees for Services Legal-$114-$114
Total Functional Expenses$174,417$66,009$51,195$291,621
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$80,187
Fundraising Gross Income$75,607
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Music on a Mission$66,357$66,357$14,104$52,253
The Peavey Documentary$9,250$9,250$31,174$-21,924
Total Events$75,607$75,607$69,795$5,812
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Douglas R MonroeFamily MemberCharitable ContributionNo$15,000
Douglas and Elizabeth MonroeFamily MemberCharitable ContributionNo$5,150
-Family MemberCharitable ContributionNo$1,152
Mac McdonaldFamily MemberCharitable ContributionNo$1,000
Laurie StettiniusFamily MemberCharitable ContributionNo$603
Annie StettiniusFamily MemberCharitable ContributionNo$500
Leigh McconaghyFamily MemberCharitable ContributionNo$208
William StettiniusFamily MemberCharitable ContributionNo$104
-Family MemberCharitable ContributionNo$50
Dixon McdonaldFamily MemberCharitable ContributionNo$50
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Sarah peavey and alex peavey are married.

Form 990, Part VI, Section B, Line 11B

The form 990 was prepared based on financials statements prepared by roseline tax advisors, pllc, and other internally generated information. A draft of the financial statements and form 990 was reviewed by the officers. A final draft of the form 990 was provided to the board of directors. The form distributed to the board of directors reflects the return ultimately filed with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

The peavey project has established a conflict of interest policy that has been reviewed and approved by the board of directors. The policy is based upon the irs model conflict of interest policy. It adds information needed to allow the peavey project to assess director independence.

Form 990, Part VI, Section B, Line 15

The peavey project board of directors annually evaluates the officers' performance and asks for input. They document how they reached their decision, including the data on which they relied, in minutes of the meeting during which the compensation was approved. The documentation includes (1) a description of the compensation and benefits and the date it was approved; (2) the members of the board who were present during the discussion about compensation and benefits, and the results of the vote; (3) a description of the comparability data relied upon and how the data was obtained; and (4) any actions taken (such as abstaining from discussion and vote) with respect to consideration of the compensation by anyone who is otherwise a member of the board but who had a conflict of interest with respect to the decision on the compensation and benefits.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Peavey Project
EIN
87-1481908
Phone
8049713778
Address
11905 GLEN GARY COURT, RICHMOND, VA 23233

Signing Officer

Name
Collin Mcconaghy
Title
Officer
Phone
8049713878
Signed
2025-06-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Collin Mcconaghy
Formed
2021
Legal Domicile
Va
Voting Board Members
10
Independent Board Members
10
Employees
2
Volunteers
10

Preparer

Firm
Roseline Tax Advisors Pllc
Address
140 VIRGINIA STREET SUITE 300, RICHMOND, VA 23219
Preparer
Ryan Y Thompson
Phone
8045457440
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IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0112800
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0220028
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0253495
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION REPORTED A SHORT YEAR FOR THE PERIOD AUGUST 1, 2023 TO DECEMBER 31, 2023 TO ALLOW FOR A CALENDAR YEAR-END.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PAGE VI
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0333234
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt093868
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0178889
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0108619
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01227
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0715837
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt049
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt049
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt071992
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt044625
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0157063
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt054950
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt03000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0331630
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt049
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt049
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt01047467
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0405226
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0138493
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0335952
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0163569
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt04227
IRS990ScheduleA/Total509Grp/TotalAmt01047467
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0405275
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0138493
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0335952
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0163569
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt04227
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01047516
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleG/AgrmtProfFundraisingActyInd00
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt069795
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt03500
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt03500
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0MUSIC ON A MISSION
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0THE PEAVEY DOCUMENTARY
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt021017
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt021017
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt066357
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt09250
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt075607
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt066357
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt09250
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt075607
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt05812
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt045278
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt014104
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt031174
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0BETH AND DOUG MONROE FAMILY FUND
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1122 AGENCY AVENUE LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0DOUGLAS AND ELIZABETH MONROE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1DOUGLAS R MONROE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2ANNIE STETTINIUS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm3LAURIE STETTINIUS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm4LEIGH MCCONAGHY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm5MAC MCDONALD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm6WILLIAM STETTINIUS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm7DIXON MCDONALD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0FAMILY MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1FAMILY MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2FAMILY MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3FAMILY MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt4FAMILY MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt5FAMILY MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt6FAMILY MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt7FAMILY MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt8FAMILY MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt9FAMILY MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd20
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd30
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd40
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd50
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd60
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd70
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd80
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd90
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt05150
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt115000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt2500
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt3603
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt4208
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt51000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt6104
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt750
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt81152
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt950
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0CHARITABLE CONTRIBUTION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1CHARITABLE CONTRIBUTION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2CHARITABLE CONTRIBUTION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3CHARITABLE CONTRIBUTION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc4CHARITABLE CONTRIBUTION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc5CHARITABLE CONTRIBUTION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc6CHARITABLE CONTRIBUTION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc7CHARITABLE CONTRIBUTION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc8CHARITABLE CONTRIBUTION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc9CHARITABLE CONTRIBUTION
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SARAH PEAVEY AND ALEX PEAVEY ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WAS PREPARED BASED ON FINANCIALS STATEMENTS PREPARED BY ROSELINE TAX ADVISORS, PLLC, AND OTHER INTERNALLY GENERATED INFORMATION. A DRAFT OF THE FINANCIAL STATEMENTS AND FORM 990 WAS REVIEWED BY THE OFFICERS. A FINAL DRAFT OF THE FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS. THE FORM DISTRIBUTED TO THE BOARD OF DIRECTORS REFLECTS THE RETURN ULTIMATELY FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PEAVEY PROJECT HAS ESTABLISHED A CONFLICT OF INTEREST POLICY THAT HAS BEEN REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. THE POLICY IS BASED UPON THE IRS MODEL CONFLICT OF INTEREST POLICY. IT ADDS INFORMATION NEEDED TO ALLOW THE PEAVEY PROJECT TO ASSESS DIRECTOR INDEPENDENCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PEAVEY PROJECT BOARD OF DIRECTORS ANNUALLY EVALUATES THE OFFICERS' PERFORMANCE AND ASKS FOR INPUT. THEY DOCUMENT HOW THEY REACHED THEIR DECISION, INCLUDING THE DATA ON WHICH THEY RELIED, IN MINUTES OF THE MEETING DURING WHICH THE COMPENSATION WAS APPROVED. THE DOCUMENTATION INCLUDES (1) A DESCRIPTION OF THE COMPENSATION AND BENEFITS AND THE DATE IT WAS APPROVED; (2) THE MEMBERS OF THE BOARD WHO WERE PRESENT DURING THE DISCUSSION ABOUT COMPENSATION AND BENEFITS, AND THE RESULTS OF THE VOTE; (3) A DESCRIPTION OF THE COMPARABILITY DATA RELIED UPON AND HOW THE DATA WAS OBTAINED; AND (4) ANY ACTIONS TAKEN (SUCH AS ABSTAINING FROM DISCUSSION AND VOTE) WITH RESPECT TO CONSIDERATION OF THE COMPENSATION BY ANYONE WHO IS OTHERWISE A MEMBER OF THE BOARD BUT WHO HAD A CONFLICT OF INTEREST WITH RESPECT TO THE DECISION ON THE COMPENSATION AND BENEFITS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.

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