Broadwal Inc

“The organization has entered into a management agreement with walnut street center, inc.”

“Due to the nature of the organization and size of the board of directors, the organization does not have any committees. The organization pays an annual management fee to another nonprofit organization, walnut street center, inc., for administrative services provided.”

“Wsc's executive director, chief financial officer, and broadwal's board of directors review a draft of the form 990, which is prepared by broadwal's independent accountants. Any resultant comments and changes are incorporated into the form by the independent auditors. 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.”

“All officers and directors of the organization are required to disclose on an annual basis any potential interests that could give rise to conflicts. Any potential conflicts are evaluated by the officers of the organization. Individuals with potential conflicts conflicts of interest are prohibited from participating in any deliberations or decisions that may be effected by a potential conflict of interest.”

“Form 990, part vi, section b, line 15a and b: the organization does not have any employees. Broadwal has allocated a portion of salaries paid by walnut street center, another nonprofit organization for administrative support and maintenance of its facilities. Compensation of walnut street center's executive director is reviewed on an annual basis when the executive director is evaluated by walnut street center's board. Walnut street center's board of directors reviews and approves the compensation of the executive director on an annual basis using data for comparable organizations. Such deliberations and decisions are recorded in the meeting minutes for walnut street center.”

“Upon request and on massachusetts attorney general's website.”