Spaulding Academy & Family Services

“A first draft of the 990 is prepared by our external auditors and reviewed in detail for accuracy by the ceo and cfo. Edits, if any, are made and an updated 990 is presented to and approved by the finance committee of the board of trustees with a final draft presented to the full board, for approval, prior to filing.”

“Spaulding youth center does regularly and consistently comply with this policy by requiring board members to submit a conflict of interest form prior to january 1st of each year.”

“The process of determining compensation includes all of the three elements as follows: 1.review and approval: the compensation of that person is reviewed and approved by the executive committee of the board of trustees, provided that persons with conflicts of interest with respect to the compensation arrangement at issue are not involved in this review and approval. 2.use of data as to comparable compensation: the compensation of the person is reviewed and approved using data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. 3.contemporaneous documentation and recordkeeping: there is contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation agreement.”

“AVAILABLE UPON REQUEST.”

“Employee recruitment: program service expenses 0. Management and general expenses 50,026. Fundraising expenses 0. Total expenses 50,026. Vehicle lease and maintenance: program service expenses 33,175. Management and general expenses 2,605. Fundraising expenses 0. Total expenses 35,780. Consulting: program service expenses 35,040. Management and general expenses 0. Fundraising expenses 0. Total expenses 35,040. Student activities: program service expenses 24,483. Management and general expenses 0. Fundraising expenses 0. Total expenses 24,483. Client treatment services: program service expenses 19,348. Management and general expenses 0. Fundraising expenses 0. Total expenses 19,348. Memberships: program service expenses 904. Management and general expenses 3,338. Fundraising expenses 335. Total expenses 4,577. Bank fees: program service expenses 0. Management and general expenses 4,119. Fundraising expenses 220. Total expenses 4,339. Bad debt expense: program service expenses 1,215. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,215. Annual meeting: program service expenses 0. Management and general expenses 983. Fundraising expenses 0. Total expenses 983.”

“Change in value of beneficial interests in trusts 83,179. Change in split interest value -3,743.”

“The center's finance committee assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. These processes have not changed during the year.”