American Leadership Forum - Silicon Valley

“The form 990 is prepared by an independent cpa firm, in co-ordination with the chief operating officer. All questions are resolved with the coo, and the final draft of form 990 is reviewed by the audit committee prior to submission. A copy of the filed form 990 is sent to the entire board.”

“The organization monitors and enforces compliance with the conflict of interest policy by surveying the board annually.”

“The process for determining compensation of the ceo, executive director or top management officials includes: 1. Review and approval by the governing body or compensation committee provided that persons with a conflict of interest with respect to the compensation arrangement at issue were not involved. 2. Use of comparable compensation information for similarly qualified persons in functionally comparable positions at similar organizations. 3. Contemporaneous substantiation of the deliberation and decision of the compensation arrangement. 4. Date of last review: the new ceo has not yet had a review. The ceo is the only key employee.”

“The organization makes its governing documents, conflict of interest policy and financial statements, as well as its forms 1023 and 990, available to the general public on request at its offices.”

“The organization makes its governing documents, conflict of interest policy, financial statements and copies of its forms 990 and 1023 available to the public for inspection at its offices.”

“Due to an inability to retreive the cost basis information for the sale of stock, the gain has been reported at a net amount.”

“Contract: program service expenses 185,250. Management and general expenses 65,752. Fundraising expenses 22,920. Total expenses 273,922. Audit: program service expenses 0. Management and general expenses 24,313. Fundraising expenses 0. Total expenses 24,313. Payroll service fees: program service expenses 1,800. Management and general expenses 771. Fundraising expenses 644. Total expenses 3,215. Other: program service expenses 34,336. Management and general expenses 7,593. Fundraising expenses 3,709. Total expenses 45,638. Program director: program service expenses 67,806. Management and general expenses 0. Fundraising expenses 0. Total expenses 67,806. Wilderness trip director: program service expenses 35,932. Management and general expenses 0. Fundraising expenses 0. Total expenses 35,932.”

“The audit committee has responsibility for oversight of the audit, and selection of the independent accountant. The process has not changed from the prior year.”