Question
Alley Cat Allies, Inc. is a 501c3 charity with a mission to transform and develop communities to protect and improve the lives of cats. As
Alley Cat Allies, Inc. is a 501c3 charity with a mission to "transform and develop communities to protect and improve the lives of cats". As we discussed previously, Alley Cat Allies has had past issues related to their governance and overall work environment. The purpose of this exercise is to review their recent Form 990 to identify their current practices and overall soundness of their operations. For purposes of this exercise review the Alley Cat Allies Form 990 for 2020 (provided on the Canvas course site) and answer the following questions. Upload your solution directly to the assignment page. Questions: 1) How many voting members of the governing body are there at the end of the tax year? 2) How many of those voting members are independent? 3) Who is the board chair? 4) Is the board chair compensated by the organization? 5) What is the ratio of program expenses to total expenses? 6) What is the cost of fundraising (fundraising expenses divided by total contributions)? 7) Did the organization undergo a financial statement audit? 8) Did the organization have a written conflict of interest policy? 9) Did the organization have a written whistleblower policy? 10) Did the organization have a written document retention and destruction policy?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started