Future Ready Cleveland

“The ceo (holly trifiro) was never on payroll. She was paid through an employment contract through her company reinvented. The total amount paid to reinvented consulting for services related to future ready cleveland during the period was $381,591. This was paid directly to reinvented by the city fund.”

“There are no committees with authority to act on behalf of the governing body.”

“The form 990 was prepared by tax advisors of a national accounting firm with information provided by management. The board will review the 990 and approve before filing.”

“If any person associated with the organization believes there may be a conflict of interest, they can report that to the ceo or to the board chair. If it is reported to the ceo, the ceo would disclose it to the board chair immediately. The board chair would then determine whether the full board is eligible to engage in reviewing the conflict. If they are, then the full board would review the potential conflict and make a recommendation on how to proceed. If they are not all eligible to participate (perhaps because a board member is involved in the perceived conflict), then the board chair would appoint a disinterested person or committee to review the proposed transaction or arrangement and investigate alternatives. After this, the board or committee would decide whether future ready cleveland can receive the services from a person or entity that would not give rise to a conflict of interest. If this is possible, the board chair would direct staff to proceed with that alternate arrangement. If a more advantageous arrangement is not reasonably possible under circumstances that don't create a conflict of interest, the board or committee would vote on whether to move forward or not regarding the transaction or arrangement based on criteria identified in the conflict of interest policy. If a conflict is found and it was not disclosed by the interested party, the board or committee would inform the interested party, provide an opportunity for explanation, and then take appropriate disciplinary or corrective action. As a matter of ongoing monitoring, all grants and contracts are reviewed and approved by the ceo with consideration to potential conflicts of interest during the review process. Grants and contracts above the approved organizational threshold are voted on by the board of directors for the organization.”

“The board determines the ceo compensation through a formal review process led by the board chair, who is an uncompensated and disinterested director. The board chair conducted a review of comparable compensation data from peer nonprofit organizations and developed a recommendation for the board's consideration. The ceo did not participate in the review or deliberations regarding compensation. The full board reviewed and approved the compensation recommendation. The board chair and other directors involved in the decision had no conflicts of interest with respect to the ceo's compensation. The board expects to split the cost of the ceo's compensation between future ready cleveland and future ready cleveland coalition in alignment with their board-approved cost sharing arrangement.”

“The organization's documents are available upon request.”

“Consulting: program service expenses 127,930. Management and general expenses 91,900. Fundraising expenses 11,833. Total expenses 231,663. Peo fees: program service expenses 0. Management and general expenses 469. Fundraising expenses 8. Total expenses 477.”