Ashrei Foundation

“Ashrei revised its bylaws to remove language that bound the board eligibility to CRC membership, updated board term limits, removed the provision that Board members can be compensated for services rendered to the organization, updated the minimum board meeting requirement, updated the board member election meeting, updated the nominating committee structure requirements and added an article outlining dissolution.”

“Form 990 was provided to all voting members of the governing body to review prior to the filing deadline.”

“Ashrei regularly monitors compliance with its Conflict of Interest policy by requiring interested persons to disclose the existence of a possible conflict of interest. The governing board will determine whether a conflict of interest has occurred and the procedures to address the conflict of interest. If a member fails to disclose a conflict of interest, there will be appropriate disciplinary and corrective action.”

“The Ashrei Foundation received the official designation from the IRS as a 501(c)(3) on March 30, 2022. As a new not-for-profit, we developed a very robust hiring process. We consulted other nonprofit organization for their opinions and best practices, and pulled data to study salaries paid to executive directors of not-for-profits in the state of Missouri. In this way, the Board of the Ashrei Foundation determined what would be a fair salary and what benefits to offer our executive director.”

“Other officers of the organization are not currently paid but if they were to be, the governing board would use comparable data from other nonprofit organizations to determine a fair and reasonable salary.”

“The Form 990 is available to the public upon request. Form 990 is also provided to Guidestar to be available for public review.”