Restore Oregon Inc

“A draft of the organization's form 990 is provided to each board member for review and comment prior to submission.”

“The organization's conflict of interest policy form is distributed to each board member and key employee at the beginning of their term of service. The director or key employee signs and returns the form, disclosing potential conflicts of interest. If a conflict of interest exists, steps are followed including, but not limited to, disclosure to the board, recusal from related discussions and/or decisions, and resignation. All contracts are adminstered by the executive director, who reviews them for potential conflicts of interest.”

“The executive director's compensation is set by the board of directors after a review of salary data from appropriate independent sources and is recorded in the organization's minutes.”

“The executive director is the key employee. Their compensation is set by the board of directors after a review of salary data from appropriate independent sources and is recorded in the organization's minutes.”

“The organization makes copies of governing documents, forms 990, and any other legally required documents, available for public inspection by request in person at the office or in writing”

“Fiscal sponsorship activites (related to 990 part iii, part iv, and part vi) the organization serves as a fiscal sponsor for a project to preserve a historic building. Under the model a (comprehensive fiscal sponsorship) arrangement, the organization retains full legal, financial, and fiduciary responsibility for the sponsored project. All donations and grants for the sponsored project are made payable to the organization and reported as revenue on the organization's form 990. The organization ensures that all funds are expended in accordance with donor intent and the organization's exempt purpose. The organization exercises discretion and control over the use of all funds and provides administrative oversight, including accounting, payroll, compliance, and reporting services. Each fiscal sponsorship relationship is governed by a written agreement outlining the responsibilities of both the sponsor and the project. Sponsored projects are not separate legal entities; rather, they operate as initiatives of the organization under its ein and tax-exempt status. The organization charges an administrative fee to cover the cost of managing the project, and such fees are reported as program service revenue.”

“Payroll services 0 2,178 0 marketing consultant 191 0 0 other professional services 57,316 17,580 420 total 57,507 19,758 420”

“Part x - balance sheet explanation: line 15 other assets 306,000 of the balance reported on form 990 part x, line 15 represents construction in progress (cip) under a fiscal sponsor arrangement for a community facility being developed under a fiscally sponsored project of the organization. The organization operates under a model a (comprehensive) fiscal sponsorship arrangement, in which it retains full legal and fiduciary responsibility for the activities and assets of its sponsored projects. The facility under development aligns with the organization's exempt purpose of preservation and reuse of oregon's historic resources. As the fiscal sponsor, the organization retains ownership and control of the asset, and all construction expenditures are capitalized in accordance with gaap. All donations and grants received for this project are recognized as revenue by the organization and restricted for the purpose of facility construction. Disbursements are made in accordance with approved budgets, and the organization maintains oversight of all construction contracts, payments, and compliance requirements.”