Black Visions

“Kandace montgomery and miski noor co-owned real estate together while serving together on the board of directors.”

“The organization maintains a voting membership that reserves the power to elect or vote out of office all members of the board of directors. Elections are held ever year for vacant positions on the board of directors.”

“The voting membership must approve the annual budget every year (including compensation levels), and ratify changes to the bylaws, and they alone can decide to dissolve the organization or merge it with another.”

“The organization's form 990 is drafted by the outside cpa firm, the treasurer of the board, and the director of finance. It is reviewed by the full board and our general counsel.”

“Regular trainings on conflict of interest are held to keep directors aware of their legal and fiduciary responsibilities. Moreover, the board treasurer and the general counsel together keep track of interests maintained by each member of the board of directors to ensure they are discussed and debated.”

“Every three years, the directors of finance and human resources are tasked with conducting a review of compensation levels at the organization relative to our peers with similar-sized staffs and budgets. The directors consult data made available by the minnesota council of nonprofits and salary data reported by indeed and glass door. The directors propose adjustments to the minimum and maximum salary allowed for each tier of employees based on the cost of living in minnesota and our competitors' form 990s. The adjustments are reviewed and approved by the full board of directors, which includes independent directors who are not compensated in any manner by the organization. There also exists a ceo salary cap at black visions, in which no member of the leadership team can earn more than 2x the lowest-paid employee.”

“We make our governing documents, conflicts of interest policy, and financial statements available to the public via our website and upon request.”

“Consultants: program service expenses 3,725. Management and general expenses 42,520. Fundraising expenses 0. Total expenses 46,245.”