FORM 990, PART VI, SECTION A, LINE 3 |
IN JANUARY 2021 HOPE MINISTRIES ENTERED INTO AN AGREEMENT WITH SMCO THRIFT, LLC TO MANAGE HOPE MINISTRIES THRIFT, LLC (WHICH CONTAINS HOPE MINISTRIES' THRIFT STORE OPERATIONS). THIS AGREEMENT ENGAGES SMCO THRIFT, LLC TO MANAGE, OPERATE, AND MAINTAIN THE THRIFT STORES IN AN EFFICIENT, REASONABLE, AND SATISFACTORY MANNER. THIS INCLUDES PERSONNEL, ACCOUNTING, DONOR RELATIONS, AND GENERAL UPKEEP. |
FORM 990, PART VI, SECTION B, LINE 11B |
A COPY OF THE FORM 990 IS DISTRIBUTED ELECTRONICALLY TO THE HOPE MINISTRIES BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING WITH THE IRS. |
FORM 990, PART VI, SECTION B, LINE 12C |
MEMBERS OF THE BOARD ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. THEY ARE GIVEN AN OPPORTUNITY AT THAT TIME TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. ALL DISCLOSED POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED BY THE BOARD OF DIRECTORS IN A TIMELY FASHION. |
FORM 990, PART VI, SECTION B, LINE 15A |
ALL MEMBERS OF THE BOARD OF DIRECTORS PARTICIPATE IN A WRITTEN PERFORMANCE EVALUATION OF THE CEO. THE EXECUTIVE COMMITTEE IS CHARGED WITH DISCUSSING THE REVIEW WITH THE CEO AND MAKING A RECOMMENDATION ON COMPENSATION. AS PART OF THE PROCESS, EXECUTIVE SALARY LEVELS AT COMPARABLE NONPROFIT ORGANIZATIONS IN THE GREATER DES MOINES AREA AND THE MIDWEST ARE REVIEWED. THE RECOMMENDATIONS ARE PRESENTED TO THE FULL BOARD OF DIRECTORS FOR APRROVAL. |
FORM 990, PART VI, SECTION C, LINE 19 |
THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS (WHICH INCLUDE THE ARTICLES OF INCORPORATION AND THE BY-LAWS), CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. |
FORM 990, PART XII, LINE 2C: |
NO CHANGES FROM PRIOR YEAR. |