Homestart Inc.

“The Organization's Executive Committee has the authority to act on behalf of the Board of Directors.”

“The Organization's President/Executive Director, Director of Finance, and Finance Committee review in detail a draft of the Form 990, which is prepared by the Organization's independent accountants. Any resultant comments and changes are incorporated into the form by the independent accountants. A final version of the Form 990 is then provided to each member of the Board of Directors prior to its filing with the IRS.”

“The organization requires all officers and board members to annually complete and sign a conflict of interest questionnaire. The board chair is responsible for reviewing the signed statements and ensuring that interested persons are in compliance with the conflict of interest policy. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship.”

“Compensation of the President/Executive Director is reviewed on an annual basis in connection with the Organization's budgeting process. The Board of Directors reviews and approves the compensation of the President/Executive Director using data from comparable organizations. Such deliberations and decisions are recorded in the meeting minutes. The Director of Finance's salary is determined by the Executive Director, with review of publicly available compensation data from local comparable positions.”

“The Organization's audited financial statments are available to the public via the websites of certain state and regualtory agencies as well as upon request. The Organization's governing documents are made available to the general public upon request.”

“The organization has a Finance committee that assumes responsibility for the oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed since the prior year.”