Form 990 Accountability and Transparency Policy Statements

NUMBER OF BOARD MEMBERS

As per the By-Laws adopted in 2009 by the Board of Directors of Gainesville Fisher House Foundation, Inc. there shall always be 12 or more members of the Board of Directors who shall be of independent mind and shall vote for any policy changes or fiscal management as such.

BOARD MEMBERS VOTING INDEPENDENTLY

As independently voting Board Members no material diversion of assets shall happen without a majority vote and all pertinent information distributed to the BOD.

BOARD REQUIREMENT OF FINANCIAL STATEMENTS AND AUDITS

The Board of Directors will require the Executive Board, consisting of the President, Vice-President, Treasurer, Secretary and Executive Director to assure there are financial statements prepared by competent independent accountant and investment advisors.

The Board of Directors shall determine the schedule of audits to be performed on behalf of the Foundation. If the Board of Directors deem that the activity of the Foundation for that particular year has not warranted an audit (as in the case of Covid 19) they shall make that determination on an annual basis. In the State of Florida audits need only be performed on a regular basis if the non-profit takes in over $500,000.00 in a fiscal year.

LOAN TO PARTIES OR BOARD MEMBERS

The Board of Directors of the Gainesville Fisher House Foundation, Inc. has made it a policy not to make loans in any circumstance. This determination come under the tax code U.S. 4966.

BOARD MINUTES AND ANNUAL BOARD MINUTES AND RECORDS

The Gainesville Fisher House Foundation maintains its Board Minutes and Annual Board Minutes for any board member or member of the public who wishes to review these minutes at its office at all times. A request to review may be made to the Executive Director who maintains the office under guidance of the Board.

All records of the Gainesville Fisher House Foundations shall be stored and maintained for the legal limit and standard of record keeping.

990 REVIEW AND DISTRIBUTION

It is the permanent policy of the Gainesville Fisher House Foundation to distribute the 990 to its Board Members prior to their approval at the Board meeting and prior to filing.