Forge Project Association

“No review was conducted by the board of directors. A review was/will be conducted by the board designated executive director (officer position) before filing and a final copy of the 990 form will be shared with the board of directors upon filing.”

“The organization has a conflict of interest policy which covers all directors, officers, and key persons of the organization. A covered person has a duty to disclose in good faith to the directors the material facts of any proposed transaction of the organization in which such covered person or a related party has any actual or potential conflict of interest. The disclosure should be made prior to any consideration of such proposed transaction by the board. The member with a potential conflict is required to disclose such conflict, is given the opportunity to present and share facts about such interest and is then required to leave any meeting in which the rest of the board may discuss and then vote on determining the conflict of interest. Additional restrictions imposed on persons with a conflict, include prohibiting them from participating in the governing body's deliberations and decisions relevant to the area(s) of conflicted interest. The member with a potential conflict is required to disclose such conflict, is given the opportunity to present and share facts about such interest and is then required to leave any meeting in which the rest of the board may discuss and then vote on determining the conflict of interest. Additional restrictions imposed on persons with a conflict, include prohibiting them from participating in the governing body's deliberations and decisions relevant to the area(s) of conflicted interest. Any proposed transaction in which a covered person or related party has a conflict of interest must be approved by a majority of the board, not including any interested individual(s). In approving any such transaction, the durector must make a determination that the transaction is fair, reasonable, and in the organization's best interest. If a covered person or related party has a substantial financial interest in such transaction, the directors must consider alternative transactions to the extent available. Covered persons must, upon or prior to their initial election or hiring, and annually thereafter, complete, sign, and submit a disclosure statement. Each covered person must disclose on the disclosure statement all situations that pose a potential or actual conflict of interest as set forth in the disclosure statement. A copy of the policy is given to each newly elected or appointed covered person prior to the commencement of his or her duties. Each covered person must acknowledge, not less than annually, that he or she has read and is in compliance with this policy.”

“Compensation based on past employment was established for the officer position of executive director in 2024. A full review of the compensation for this position was undertaken during november - december 2024 to set compensation and review process for 2025 and moving forward. The organization does not have other compensated officers or key employees.”

“AVAILABLE BY REQUEST”