Multicultural AIDS Coalition Inc.

“There are no committees with authority to act on behalf of the board”

“A copy of the 990 is reviewed by the executive director and director of finance prior to filing. Form 990 is distributed to the board before filing.”

“Each board member completes a conflict of interest questionnaire annually. Any member of the board of directors who may be involved in mac business transaction in which there is a possible conflict of interest shall promptly notify the chairman of the board. The trustee shall refrain from voting on any such transaction, participating in deliberations concerning it, or using personal influence in any way in the matter. The trustee's presence may not be counted in determining the quorum for any vote with respect to a mac business transaction in which he or she has a possible conflict of interest. Futhermore, the trustee, or the chairman in the director's absence, shall disclose a potential conflict of interest to the other members of the board before any vote on a mac business transaction and such disclosure shall be recorded in the board minutes of the meeting at which it is made. Any mac business transaction which involves a potential conflict of interest with a member of the board of directors shall have terms which are at least as fair and reasonable to the mac as those which would otherwise be available to the mac if it were dealing with an unrelated party.”

“Compensation of the organization's executive director is approved by the board of directors. Compensation of the organization's officers and key employees is based on a performance review done by supervisors. Compensation is then approved by the supervisor, finance director, and executive director. The process described here was last completed in 2023.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Subcontractor services: program service expenses 157,247. Management and general expenses 19,310. Fundraising expenses 0. Total expenses 176,557. Contractor services: program service expenses 161,995. Management and general expenses 19,893. Fundraising expenses 0. Total expenses 181,888.”

“Amendment return to update information previously reported on form 990 to reconcile to issued audit and ufr statements. Updates to balance sheet assets to include reducing accounts receivable by including allowance for doubtful: ($18,324) updates to balance sheet liabilities to include reducing pr taxes payable: ($21,234) reducing pr other whld/garn: ($715) reducing pr clearing: ($43,860) reducing accrued expensees audit fee:$(16,980) adjusted expenses increased gross salaries: $65,809 increased prof fees-audit: $16,980 increased bad debt expense:$ 18,324”