Cascade Capital Funding

“The organizations original by-laws required that the organization have no less than 25 voting members. The board was authorized and given discretion to accept any individual agency, governmental unit, business organization, association, or leading instituion as a member of the corporation. All members had equal voting rights, except contractors who provided services to the organization (non-voting members).”

“The board of directors is selected as set out in article iv of the articles of incorporation. At least nine (9) voting directors and no more than twenty-five (25) voting directors, with the number of directors to be established by the board of directors. The directors shall be elected as their terms of office expire, by the directors at their annual meeting of board of directors by a majority of the votes cast at such election.”

“Decisions of the governing board are subject to approval by voting members of the corporation.”

“The executive director forwards the form 990 to the president, vice president,and secretary-treasurer for review.”

“Executive director compensation was reviewed and approved by the executive committee and signed off on by the board president aaron walker.”

“The organizations governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant.”

“Specialists retained for lending & payroll services”

“Program expenses:suppliess-----------------2,818licenses and taxes----------571printing and publications --354management and administrative expencesbad debt -----------1,226business development------ 1,794rent-------------------------1,145miscellaneous----------------1,400bank charges------------------85”