Rebuild the Dream

“A draft copy of form 990 is reviewed by the chief executive officer and the board of directors as soon as possible after the end of the fiscal year, but in any event before filing with the irs. The form 990 report is then filed with the irs by the statutory filing date, without extension to the extent possible.”

“In accordance with the organization's conflict of interest policy, all directors, officers and key employees are required to complete and sign an affiliation disclosure form, which is reviewed by the board at its annual meeting and maintained in the chief financial officer's office. Directors are provided with a list of prospective partners, vendors or other business contacts with which the organization anticipates entering into transactions, and asked to disclose the details of any interests that could give rise to a conflict of interest. Board members are prohibited from approving or permitting the organization to engage in any transaction with a board member unless the requirements of the california corporations code and the organization's conflict of interest policy have been satisfied.”

“Pursuant to its executive compensation policy, the board (or other authorized board committee) reviews the compensation arrangements of the chief executive officer, the chief financial officer (or any person performing the functions of the chief executive officer or chief financial officer, regardless of title), and any employee whose total annual compensation exceeds $100,000, to determine that the arrangements are reasonable. In making that determination, the board may consider the following factors, among others: compensation levels paid by similarly situated organizations for functionally comparable positions, the availability of similar services in the geographic area, independent compensation surveys compiled by independent firms, actual written offers from similar institutions competing for the person's services. These determinations are made at the time of hire, when compensation is modified, or at termination, and are documented contemporaneously.”

“The organization's form 990 is available upon request and, in addition, through websites such as guidestar as soon as reasonably practicable after filing.”

“The organization's governing documents, conflict of interest policy and financial statements are available upon request.”

“Other professional fees: program service expenses 120,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 120,000.”