Legal Services for the Elderly Inc

“The form 990 is circulated to the lse board of directors for review via e- mail in an electronic format. The chair of the board of directors gathers all comments and questions and either forwards them to management to pass along to the auditor (if they are housekeeping in nature) or meets with management to discuss any concerns (if they are substantive questions or concerns). If needed, lse's auditor is asked to be a part of any meeting regarding the form 990. Only when all issues are resolved and changes incorporated into the final version is the 990 signed and filed by lse's executive director.”

“The conflict of interest policy is circulated to the board of directors on an annual basis. At that time each board member is required to complete and sign a disclosure statement identifying any organizations the board member or a family member is involved with that might reasonablye be anticipated to enter into an arrangement with lse. The policy is also provided to new members when they join the board. If an actual conflict arises the board member with the conflict is asked to withdraw from involvement in consideration of the arrangement.”

“The executive director's compensation is reviewed by the full board of directors on an annual basis as part of the performance review process. The board reviews comparables from the maine association of nonprofits salary survey and salary benefit information for comparable organizations located across new england and across the country in determining the appropriate compensation level for lse's executive director.”

“All other key employee salary levels are set by the executive director using the same methodology and are subject to approval by the board of directors through the annual budgeting process.”

“The organization's governing documents, conflict of interest policy and financial statements are made available to the public at its administrative office upon request during normal business hours.”