Family Network Foundation of North Texas

“The organization has delegated control over certain management duties that are customarily performed by or under the direct supervision of its officers, directors, trustees, or key employees to a qualified management company (or designated individual). This delegation is made pursuant to a formal agreement that outlines the scope of responsibilities, performance expectations, and oversight mechanisms. While the management company (or individual) is entrusted with day-to-day operational responsibilities, the organization's governing body retains ultimate authority and fiduciary responsibility. The board of directors continues to exercise active oversight to ensure that all activities align with the organization's mission, comply with applicable laws and regulations, and uphold standards of accountability and transparency. This arrangement is designed to enhance operational efficiency while maintaining strong governance and ethical stewardship of the organization's resources.”

“The organization's Form 990 is prepared by an external accounting firm based on financial records and operational data provided by the finance department. Once a draft is completed, it is reviewed internally by the Chief Financial Officer and Executive Director for accuracy and completeness. The draft is then circulated to the Board of Directors, who are given an opportunity to review and comment prior to filing. Any feedback or corrections are incorporated before final submission to the IRS. This process ensures that the Form 990 accurately reflects the organization's financial position and governance practices.”

“Monitoring and Enforcement The organization regularly and consistently monitors compliance with the conflict of interest policy through the following procedures: Annual distribution and collection of conflict of interest disclosure forms. Review of all disclosures by the Governance or Audit Committee (or designated compliance officer). Documentation of any potential conflicts and the steps taken to address them, including recusal from decision-making where appropriate. Periodic training and reminders to ensure continued awareness and compliance. Maintenance of records of all disclosures and actions taken in response. These procedures help ensure transparency, accountability, and integrity in the organization's operations and decision-making processes.”

“During the tax year, the organization made its governing documents (including articles of incorporation and bylaws), conflict of interest policy, and financial statements available to the public upon request. These documents were accessible in the following ways: Upon Request: Copies were provided to individuals who submitted written or verbal requests to the organization's main office. Website Access (if applicable): The organization maintained a website where key governance documents and recent financial statements were posted and available for download. Public Inspection: In accordance with IRS regulations, the organization made its Form 990, Form 1023, and related documents available for public inspection at its principal office during regular business hours. This approach ensures transparency and accountability, and aligns with the organization's commitment to public trust and regulatory compliance.”

“Adjustment”