San Francisco Safe Inc

“Form 990 is prepared by an outside tax professional. The first draft of the form 990 is reviewed by safe's management and executive director with appropriate additions and/or corrections made. A final draft of the form 990 is then provided to all members of the board of directors for comment and revision, as applicable. The final form 990 is then filed with the internal revenue service.”

“The board of directors reviews all potential conflicts of interest at least annually. All personnel and board members are required to disclose potential conflicts and any related party affiliations annually. Loans between safe and members of management and the board are strictly prohibited. Safe seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with safe's policies and procedures.”

“The board of directors reviews the compensation of all high-level personnel annually. Efforts are made to secure compensation data from industry sources in order to determine competitveness and appropriateness of salaries. Every effort is made to ensure that the process is thorough and transparent in accordance with irs guidelines and safe's policies and procedures.”

“Safe's forms 1023 and 990 are maintained in a secure environment and held available for inspection by tax authorities and the general public upon request.”

“Safe's governing documents, conflict of interest policy and financial statements are maintained in a secure environment and held available for inspection by tax authorities and the general public upon request.”

“Community relations: program service expenses 93,789. Management and general expenses 0. Fundraising expenses 0. Total expenses 93,789. Professional services: program service expenses 51,695. Management and general expenses 1,169. Fundraising expenses 227. Total expenses 53,091. Contract services: program service expenses 10,823. Management and general expenses 434. Fundraising expenses 83. Total expenses 11,340.”

“In prior years, safe's statement of financial position reflected a liability related to funds received from unrelated entities restricted to the funding of specified projects. Management later determined their relationships were incorrectly deemed agency relationships and instead, safe was the beneficiary of the funds received. As a result, a correction was made to clear the liability balance at june 30, 2014 and record a temporarily restricted net asset. The financial statement impact resulting from this correction is to increase temporarily restricted net assets at june 30, 2014 by $35,220.”