The Mccarton Foundation for Developmental Disabilities Inc

“Sigurd ackerman, m.d. And cecelia mccarton, m.d. Are related through marriage.”

“The members of the board can elect one or more members of the governing body. Each board member has the ability to cast one vote.”

“The decisions of the governing body are subject to approval by the board members.”

“The 990 is reviewed by the organization's management and their internal accountants. It is then routed to the audit committee for their review and approval. Once the audit committee is satisfied with form 990 as presented, the form is then filed.”

“The board of directors and management are required to sign a conflict of interest policy annually. Should a conflict arise amongst a board member, the conflict is addressed, discussed, and voted on by the non-conflicting members of the board without the conflicted board member present.”

“The board of directors determines the compensation of officers and key employees by reviewing the compensation of similiar roles in non-profit organizations within the same geographical area from information available in the public domain and published compensation surveys.”

“Governing documents, conflict of interest policies are not made available to the public. The financial statements are available on the nys charities bureau website.”

“The organization is filing an amended 990 to correct amounts previously reported by the organization. The amounts previously reported were prior to the organization's annual audit being completed. The audit had been delayed due to complications caused by the covid-19 pandemic. The following is a summary of the amendments from the previously filed 990; part vii - section a - reportable compensation for officers was adjusted. Part viii - revenues were adjusted on line 2a from $1,745,717 to $1,890,816. Part ix - the statement of functional expenses lines were adjusted to align with the organization's audited results. Schedule b was amended to include additional contributors. Schedule l was included to disclose related party loans made to the organization.”

“The organization has hired an internal accounting firm to assist with compliance and financial reporting to the organization's external auditors. The audit committee oversees the audit process with the involvement of the organization's internal accountants.”

“During the year ended june 30, 2019, mccarton made certain adjustments to its net assets as of june 30, 2018. The nature of these adjustments and their impact on mccarton's financial position as of june 30, 2018, and the results of its activities for the year then ended, are as follows: 1. Correction to record one month of additional prepaid rent that was incorrectly expensed in 2018. 2. Correction to record lease related refunds and corresponding receivable. 3. Correction to fixed assets and related accumulated depreciation for items that were originally expensed in 2018 that should have been capitalized. 4. Correction to record rent expense on a straight-line basis.”