Policylink

“Form 990 is prepared by an independent cpa firm in conjunction with the organization's accounting manager and cfo. A draft of form 990 is then reviewed by the accounting manager and cfo, and any corrections/modifications are then made by the outside cpa. The revised draft is then reviewed by the cfo and vice president for strategic direction. Any concerns that the cfo has are raised with the cpa firm, and, when necessary, the vice president. When a consensus is achieved, the return is then finalized and electronically filed with the taxing authorities. The filed form 990 is submitted to the entire board of directors.”

“Board members renew their conflict of interest statement annually. In the statement, they pledge to alert the organization of any conflicts as they arise, not just on an annual basis.”

“The salary for the ceo was approved by the board of directors, after a review of compensation data for the same position in similar organizations, compiled from nonprofit industry surveys, as well as information from specific organizations of similar impact. The salaries for the vice president and cfo were set by the ceo.”

“Policylink makes its financial statements, organizing documents, and conflict of interest/ethics policy available to the public upon request.”

“Other project consultant fees: program service expenses 996,613. Management and general expenses 23,663. Fundraising expenses 1,694. Total expenses 1,021,970. Growth fund: program service expenses 362,062. Management and general expenses 0. Fundraising expenses 0. Total expenses 362,062. Arts & culture: program service expenses 113,632. Management and general expenses 0. Fundraising expenses 0. Total expenses 113,632. Open box - health fellows: program service expenses 110,100. Management and general expenses 0. Fundraising expenses 0. Total expenses 110,100. Dc communication initiative: program service expenses 99,163. Management and general expenses 0. Fundraising expenses 0. Total expenses 99,163. Temporary agencies and casual labor: program service expenses 25,620. Management and general expenses 26,510. Fundraising expenses 1,332. Total expenses 53,462.”