IRS 990 Nonprofit Profile

The Hope And Dreams Foundation

Form 990, part vi, line 9 - officers who cannot be reached: lori brower, 801 n 500 w, ste 200, bountiful, ut 84010 form 990, part vi, line 11b - organization's process to review form 990: the chairman reviews form 990 prior to signing and filing. Form 990, part vi, line 12c - enforcement of conflicts policy: each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms that such person understands and agrees to comply with the conflict of interest policy. The minutes of the board and committees with board-delegated powers are required to contain the same names of all persons who disclosed or otherwise were found to have a financial interest in connection with an actual or possible conflict of interest, the nature of the financial interest, any action taken to determine whether a conflict of interest was present, and the board's or committee's decision as to whether a conflict of interest in fact existed. The minutes will also contain the names of the persons who were present for discussions and votes relating to the transaction or arrangement, the content of the discussion and a record of any votes taken in connection therewith. To insure that the organization is operating in a manner consistent with its charitable purposes and that it does not engage in activities that could jeopardize its status as an organization exempt from federal income tax, periodic reviews shall be conducted. These reviews will include at a minimum the following subjects: (a) whether compensation arrangements and benefits are reasonable. (b) whether partnership and joint venture arrangements and arrangements with management service organizations conform to the organization's written policies, are properly recorded, reflect reasonable investment or payment for goods and services, further the organization's charitable purposes and do not result in inurement or impermissible private benefit or in an excess benefit transaction. Form 990, part vi, line 19 - governing documents disclosure explanation: governing documents, policies, financial statements and other foundation documents are made available to the public upon request.