Greater Boston Guild for the Blind Inc

“Effective december 23, 2013, the by-laws of the corporation were amended to change the duties and composition of the organization's officers, quorum requirements of the directors and the scope of duties of various board committees.”

“Massachusetts guild for the blind, llc is the sole member of greater boston guild for the blind, inc. (gbgb).”

“The sole member elects the board members of gbgb on an annual basis.”

“The form 990 is prepared by the finance department and reviewed by the organization's outside auditors. The form is then reviewed in detail by a committee of the board. After its approval, a copy of the form is distributed to the full board for review prior to its filing with the internal revenue service.”

“Officers, directors, and all staff are required to sign a conflict of interest policy. When there is a change in this information, they are required to complete an updated form. All conflicts of interest are reported in writing to the president. The president may then request that such interest or activity be disposed of, discontinued or limited. Officers, directors and department directors complete conflict of interest statements on an annual basis.”

“The compensation committee, which is comprised of guild and affiliate board members, reviews salary data from comparable organizations that has been reviewed by our auditors and attorneys for accuracy, completeness and compliance with applicable regulations and statutory requirements. Based upon their review of this data, and other relevant information including specific job performance, the committee determines appropriate compensation for the ceo, and other senior executives at a meeting at which the auditors and attorneys are present. Minutes of the committee's meetings are maintained. This process was conducted in 2013.”

“The form 990 is available on the guild's website. A copy of the form 990, governing documents, conflict of interest policy and financial statements are available upon request.”

“A portion of compensation paid by the jewish guild for the blind d/b/a jewish guild healthcare(ein# 13-1623854) has been allocated to greater boston guild for the blind and other subsidiaries. Greater boston guild for the blind employees did not receive any direct compensation from greater boston guild for the blind but did receive compensation from the jewish guild for the blind d/b/a jewish guild healthcare(ein# 13-1623854).”

“Actuarial gain on beneficial interest in unitrust 53,529.”

“The audit committee is responsible for the oversight and selection of independent accountants. There has been no change from the prior year.”