Bos Philly

“BOS Philly maintains written minutes for all governing body meetings which document key discussions decisions and votes. These minutes are reviewed and approved by the board at subsequent meetings and stored as official records. At this time BOS Philly does not have any committees with authority to act on behalf of the governing body”

“No review was or will be conducted”

“BOS Philly has a written Conflict of Interest Policy that requires officers directors and key personnel to disclose any financial or personal interests that may influence the organizations decisions. When a potential conflict arises the individual must disclose it to the board and they are recused from discussions and voting on the matter. The board reviews the transaction to ensure it is fair reasonable and in the best interest of the organization. All conflict disclosures and resolutions are documented in board meeting minutes. If a conflict is discovered after a transaction has occurred the board assesses the situation and takes appropriate corrective actions to maintain compliance and integrity”

“No documents available to the public”

“| Explanation:| Form 990 is reviewed by the board before submission. A draft is circulated to all board members for comments and approval”

“| Explanation:| Board members disclose conflicts annually and whenever a potential conflict arises. Conflicts are documented in meeting minutes and conflicted members recuse themselves from discussions and voting”

“| Explanation:| There is no executive compensation”

“| Explanation:| BOS Philly generated $8347.00 in program service revenue primarily through ticket sales for fundraising events. The organization hosted multiple events with a portion of the ticket sales supporting charitable initiatives while covering operational costs associated with event planning and execution”

“| Description:, Explanation:, Amount:| Credit Card Liabilities, The organization incurred credit card liabilities to cover initial startup costs and operational expenses before receiving sufficient revenue from fundraising and donations., $9712| Bank Accounts Checking & Savings, The organization maintains funds in its checking and savings accounts primarily from initial donations and event revenue to support future operations., $7364|”

“| Explanation:| BOS Philly organizes community-based fundraising events to support LGBTQ+ charities in Philadelphia. These events including social gatherings themed parties and networking opportunities help raise awareness and financial support for LGBTQ+ nonprofit organizations. In 2024 BOS Philly raised fund through event ticket sales and direct donations which were distributed to local LGBTQ+ organizations providing essential services such as housing support healthcare access and advocacy initiatives”

“| Explanation:| BOS Phillys total expenses for the year amounted to [$XX,XXX] allocated across program services management and fundraising. The largest expense categories included event costs charitable contributions marketing and operational expenses as outlined below:" ? Program Service Expenses $10,644 - Costs directly related to executing fundraising events including venue rentals entertainment decorations permits and catering. These expenses are essential for engaging the community and raising funds for LGBTQ+ charities. ? Charitable Contributions $5,000 - Direct financial support given to LGBTQ+ nonprofits and community organizations. Funds were allocated based on mission alignment and impact assessment. ? Marketing & Advertising $X,XXX - Promotional expenses for fundraising events including social media ads printed materials and digital marketing campaigns. ? Management & General Expenses $9737 - Administrative costs including legal and professional fees office supplies website maintenance and other overhead expenses necessary to sustain operations. ? Fundraising Expenses $X,XXX - Costs associated with donor outreach sponsorship acquisition and campaign management to support continued financial growth. All expenses were incurred in furtherance of BOS Phillys mission to support LGBTQ+ nonprofits and foster community engagement”