Hillel Foundation of Cambridge Inc

“Following review by management, a copy of the form 990 is sent to select members of the audit committee reporting to the executive committee, for review and comment before it is filed. Upon request, the form 990 is available for review by any member of the board.”

“Hillel foundation of cambridge has a written conflict of interest policy. Officers and trustees are required to complete and sign a conflict of interest statement annually. Any potential conflicts of interest are reviewed by the audit committee which then reports to the board the proposed transaction or arrangement. After disclosure of the financial interest and all facts, the interested person shall, if present, leave the board or audit committee meeting while the potential conflict of interest is discussed and voted upon. The remaining audit committee or board members by majority vote shall decide if a conflict of interest exists. If the audit committee or board members determine by consensus that a conflict of interest exists, the interested person, if present, shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement that involves the conflict of interest. A. Co-chair or the chair of the audit committee shall appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. B. If alternatives are investigated per paragraph (a) above, the board or audit committee shall determine whether harvard hillel can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. C. If a more advantageous transaction or arrangement is not reasonably attainable, the board or audit committee shall determine by a majority vote of disinterested directors whether the transaction or arrangement is in harvard hillel's best interest and is fair and reasonable to harvard hillel, and shall make its decision as to whether to enter into the transaction or arrangement in conformity with such determination.”

“The chair of the board appoints a committee of independent persons to conduct a full review of the executive director's performance. The executive committee performs an explicit comparison of salary levels of other new england and national hillels before setting the terms of the executive director's contract and compensation. The executive director conducts a performace review of other officers and key employees. The compensation is finalized after discussions between the executive director and the treasurer.”

“The foundation makes its governing documents and financial statements available upon request. The form 990 and audited financial statements are also available on the massachusetts attorney general's website.”

“Security services: program service expenses 158,156. Management and general expenses 5,099. Fundraising expenses 5,019. Total expenses 168,274. Other professional services: program service expenses 137,627. Management and general expenses 199,631. Fundraising expenses 167,583. Total expenses 504,841.”