Formed Foundation

“Before filing Form 990, the FORMED Foundation ensures that a complete draft of the return is provided to all members of the governing body for review. Once the draft is complete, it is shared with the Board of Directors via secure email. Board members are given an opportunity to review the return and provide feedback or ask questions. Any comments or suggested changes are discussed and incorporated as appropriate before finalizing and submitting the return to the IRS. This process ensures transparency, accuracy, and board oversight of the Foundation's financial and operational reporting.”

“Yes. The FORMED Foundation regularly and consistently monitors and enforces compliance with its Conflict of Interest Policy through an annual disclosure process. Each year, all officers, directors, trustees, and key employees are required to complete and sign a conflict of interest disclosure form. These forms are reviewed by the governance committee and retained in the Foundation's records. In addition, any potential conflicts disclosed throughout the year are evaluated by the Board of Directors, which documents the process and decisions in meeting minutes. The Foundation also includes a standing agenda item on conflicts of interest at each board meeting to ensure ongoing compliance and transparency.”

“During the tax year, the FORMED Foundation made its governing documents, conflict of interest policy, and financial statements available to the public upon request. These documents are maintained both electronically and in physical form at the organization's office. Individuals interested in reviewing these materials may request access by contacting the organization via email or in writing. Copies are provided electronically or made available for in-person review, ensuring transparency and public accessibility.”

“Capacity building consultants, psychological services, trainers' fee, all other related fees as bank fees, foreign transactions fees, and filing services fees”