Additional Policies and Controls
The IRS Form 990 includes several questions focusing attention and governance practices on accountability and transparency. These questions are specifically designed to elicit whether your chapter or council has a written conflict of interest policy, an approved whistleblower protection policy, a document retention policy and a procedure for reviewing the IRS Form 990 prior to filing. All TU chapters and councils large enough to file the Form 990 (those with gross receipts normally larger than $50,000/ year) should have these policies in place. It is advised that regardless of your chapter or council’s size, you consider adopting these policies and procedures so as well.
It is important that each chapter and council implement proper management structures, operational policies, and administrative practices, In the Form 990, the IRS asks about policies such as document retention and destruction, ethics and whistleblower policies, and whether or not your board reviews the 990 before the Form is filed.