Nacm - New England Inc

“The organization is a not-for-profit corporation and has members.”

“The organization has members serving on its governing board. The governing board has the rights to elect one or more members of the governing body.”

“Year end tax filings and financial statements are reviewed by the officers and board members at scheduled board meetings. As of the timing of this filing, its schedules and associated financials have not been thoroughly reviewed by the asst treasurer and/or the board prior to submission to the irs.”

“Per policy, anyone with a conflict of interest is expected to refrain from voting on matters.”

“On an annual basis, the executive committee of bci/nacmne shall review the performance of the president. The organization will pay fair market value for his/her services within the context of fiscal responsibility to the organization. Comparable compensation and benefit packages will be researched by the president or an outside source contracted by the board, as needed. At a minimum, a verbal review is performed annually, on or around the anniversary hire date (july 1) of the president by the board chair. A salary review is conducted and awarded at this time. Confirmation of this award is followed up in writing by the board chair. A discretionary award based on employment agreement(s), the company's performance and the president's individual contributions during the fiscal year is awarded by the executive committee following the review and acceptance cpa prepared financial statements by the board. Confirmation of this award is followed up in writing by the board chair.- nacm new england has been involved in very costly, unforeseen litigation that has required extraordinary time of the president beyond the normal scope of responsibilities and compensation. The board has authorized this work, and accrued appropriate compensation for this significant, additional work performed to minimize the organization's financial risk and costly legal fees.”

“Form 990 is available for inspection upon request.”

“Software leasing 22,355. Consulting 13,615. Telephone 12,988. Pension admin & payroll fees 8,940. Credit card fees 7,442. Temporary help 6,366. Equipment rental & leases 5,082. Postage 2,664. Subscriptions 2,150. Miscellaneous 940. Collection fees 150. Bad debt -4.”