The Opportunity Alliance

“The draft is reviewed by the CFO. The draft is then presented to the Finance Committee by the audit firm. The Finance Committee reviews and makes a recommendation to the full Board of Trustees to approve. The Board of Trustees approves.”

“The conflict-of-interest policy or ethics policy is reviewed annually. Statements are sent annually to the Board of Trustees and are signed, returned, and maintained on file. Statements are reviewed by the President.”

“Human Resources is responsible for maintaining current tools to measure market value compensation including surveys at the national, state, and industry level. Job descriptions are assigned to various ranges of pay using a matrix that measures responsibility/complexity of job function. Changes to base pay are non-routine and supported with documentation. Supervisors approve compensation. Annually, the Executive Committee acts as a Compensation Committee to review compensation of the President and makes a recommendation to the Board of Trustees, who provide ultimate approval.”

“The bylaws, governing policies, and audited financial statements are maintained at the administrative offices and are provided to the public upon request.”

“Robert Payne, Chief Financial Officer, began employment with the Organization in 2025 and therefore did not receive any reportable compensation during the 2024 calendar year. He is required to be disclosed on Form 990 due to his officer role and any compensation paid to him will be reported beginning with the 2025 Form 990.”

“In FY25 TOA closed the following programs due to a variety of reasons including retirement of several staff and alignment with TOA's core work: - CDA Development Center: Training for the Child Development Associate credential. - The Women's Project, which worked directly with parents experiencing, or in recovery from, substance use, to provide both immediate support and long-term solutions. - Work Life Advisor, which supported and empowered individuals to help them find successful employment and economic stability. TOA no longer administers General Assistance: A program of the Department of Health and Human Services, administered by TOA in some cities and towns, which helps income-eligible individuals and families to meet their basic needs.”

“Section 1.263(a)-3(n) Election: The Opportunity Alliance 50 Lydia Lane South Portland, ME 04106 EIN 01-0274725 The Opportunity Alliance is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).”