Standard 4: Compensated Board Members - Not more than one or 10% (whichever is greater) directly or indirectly compensated person(s) serving as voting member(s) of the board. Compensated members shall not serve as the board's chair or treasurer.
BFAS does not meet this Standard because:
- 5 members out of the 10 member board of directors (50%) are compensated either directly or indirectly. One of the compensated board members is the chair of the board.
Standard 16: Annual Report - Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.
BFAS does not meet this standard because the most recent annual report did not include:
- Total expenses for each major program in the same categories that appear in the organization’s financial statements.