Boston Harbor Now Inc.

“The president & ceo, director of finance, and the finance/audit committee review a draft of the form 990 as prepared by independent tax professionals and discuss any questions/issues with the tax professionals. Once they accept the draft, the return is filed.”

“Our conflict of interest policy requires board and staff to disclose any potential conflict of interest. Conflict of interest forms are completed at the start of each fiscal year and updated as need be. If the matter involves staff and is relatively minor, the president makes a decision on what course of action the staff member should follow. If the matter involves a board member or is a major issue involving staff, the president and executive committee discuss the question, and make a recommendation to the full board. Alternatively, a board member may recuse himself/herself from any boston harbor now participation in a matter that he/she believes raises a conflict or the appearance of a conflict.”

“The president and ceo's salaries are determined by the board of trustees. The review is based on a self-evaluation provided by the president, their own internal conversations, and conversations with additional board members as well as conversations with selected staff. Other officers and key employees' salaries are determined by the president and ceo.”

“Documents are made available upon request. Financial statements are also available on the organization's website.”

“Contract and professional fees: program service expenses 649,559. Management and general expenses 32,674. Fundraising expenses 39,370. Total expenses 721,603.”

“This process has not changed from the prior year.”

“The original fy2017 tax return was submitted prior to the audit of the organization's fy2017 financials. There has been an amendment to the entire tax return, including each schedule. No part or schedule is the same as the original fy2017 tax return.”

“During the year ended march 31, 2018, the organization became aware of certain restatements to the march 31, 2017 net asset balances of the organization. These restatements were attributable to errors in calculating cash, restricted cash, accounts payable and accrued expenses, deferred revenue and agency funds held as of march 31, 2017. This resulted in a prior period adjustment of $274,959.”

“Historical endowment funds data on part v of schedule d was removed from the amended 2017 return. Temporary activity does not qualify as an endowment and subsequently has been removed.”