Elder Empowerment Foundation

“Persons Right to Approve Governing Body DecisionsCertain decisions of the organizations governing body are subject to approval by The Board of Directors including the Executive Director. In accordance with the organizations bylaws, these individuals has the legal right to approve or veto major actions taken by the Board of Directors, including but not limited to amendments to the bylaws, significant financial commitments, changes in mission or purpose, and dissolution of the organization. This oversight is intended to ensure continuity with the organizations founding vision and to promote accountability in governance.”

“Schedule O Governing Body Review of Form 990A copy of the Form 990 is provided to all members of the organizations governing body prior to its filing with the IRS. The governing body is given the opportunity to review and provide comments or ask questions about the content of the return. This review typically occurs via email or during a regularly scheduled board meeting. The organizations treasurer or designated financial officer coordinates the preparation of the return and addresses any questions raised by board members. All comments or concerns are resolved before the return is finalized and submitted.”

“Schedule O Conflict of Interest Policy ComplianceThe organization has a written conflict of interest policy in place. Each year, all officers, directors, and key employees are required to complete and sign a conflict of interest disclosure form. The organizations board reviews all disclosures and addresses any actual or potential conflicts in accordance with the policy. Individuals with a conflict of interest are required to recuse themselves from related discussions and votes. The organization documents all reviews and actions taken to manage conflicts to ensure compliance with legal and ethical standards.”

“Schedule O Compensation Determination for Top Management OfficialThe organization has established a process for determining reasonable compensation for its top management official, consistent with IRS guidelines and best practices for nonprofit governance. This process includes a review of comparable compensation data from similarly sized organizations, consideration of the individuals qualifications and responsibilities, and approval by independent members of the governing body. The process is documented in the organizations meeting minutes.Although no compensation was paid to the top management official during the current tax year, the organization maintains this policy to ensure proper procedures are followed should compensation be provided in the future.”

“Schedule O Compensation Determination for Officers and Key Employees (Excluding Top Management Official)The organization has established a formal process for determining reasonable compensation for officers and key employees, excluding the top management official. This process involves reviewing compensation data from comparable nonprofit organizations, evaluating the scope of responsibilities, and obtaining approval from disinterested members of the governing body. The process is designed to ensure compliance with IRS guidelines and to support the organizations mission with fair and transparent practices.Although no compensation was paid to officers or key employees during the current tax year, the organization maintains this process and documentation in place to guide any futu”

“Schedule O Public Availability of Governing DocumentsThe organization makes its governing documents, including its Articles of Incorporation, bylaws, and Form 990, available to the general public upon request. Interested parties may obtain copies by contacting the organization via email or mail at the address listed on the Form 990. Additionally, Form 990 is publicly accessible through third-party nonprofit information websites such as GuideStar (Candid) or the IRS website. The organization is committed to transparency and will respond to public requests for documents in a timely manner.”

“Schedule O Explanation of Other Changes in Net Assets or Fund BalancesIn the prior tax year, the organization filed Form 990-N (e-Postcard), which does not require reporting of financial details such as net assets. However, the organization maintained a positive net asset balance at the end of that year. In the current tax year, the organization filed a full Form 990, which includes the reporting of beginning and ending net assets. The beginning net assets reported on this return reflect the actual carryover balance from the prior year that was not reported on the Form 990-N. This results in an increase in net assets not tied to current-year income or activity, but rather due to the change in reporting requirements and format.”

“Schedule O Line 11g: Other Professional Fees and Other ExpensesThe amount reported on Line 11g includes payments for consulting services provided to the organization during the tax year. These consulting services were related to strategic planning, program development and other operational needs. The consultants were independent contractors with no decision-making authority within the organization, and their services supported the organizations exempt purpose and operations.”