Community Catalyst Inc.

“The form 990 is provided to each board member before filing. Any questions and/or comments are sent to the audit committee for resolution with management. Once all questions/issues are satisfactorily resolved and each board member has voted to accept the form 990, it is filed electronically with the irs.”

“All board members sign an annual statement declaring that they received a copy of the conflict of interest policy, read and understood the policy, agreed to comply with the policy, and understood that the policy applies to all committees and subcommittees. If the board determines that a conflict of interest exists, it may appoint an independent person or committee to investigate alternatives. After exercising due diligence, the board must determine, by a majority vote, whether the transaction or an alternative is 1.) in the organization's best interest and for its own benefit, 2.) fair and reasonable to the organization, and 3.) the most advantageous transaction the organization can obtain under the circumstances. The interested person must recuse him/herself from the determination of whether the financial interest may result in a conflict of interest and in the resolution of such a conflict. If it is determined that an officer or a director violated the policy, the board may take appropriate disciplinary action against the interested person including, but not limited to, the removal from the board of directors.”

“The board of directors establish compensation for the executive director by reviewing salary information from comparable organizations contained in recent salary surveys. Management compensation is reviewed annually and compared to organizations of similar size, mission and geographical location using comparability data. The organization has an independent compensation committee which collects and evaluates annually outside data for compensation. That committee votes on the executive compensation of key employees on an annual basis.”

“The organization's governing documents, conflict of interest policy and financial statements are available for inspection upon request and also on the website of the massachusetts division of public charities.”

“The organization makes its form 990 and form 1023 available for public inspection as required under section 6104 of the internal revenue code upon request; guidestar.org; mass. Attorney general website -http://www.charities.ago.state.ma.us/charities/ and other similar types of websites.”

“Professional fees: program service expenses 1,692. Management and general expenses 676,467. Fundraising expenses 7,800. Total expenses 685,959. Program consulting: program service expenses 4,466,493. Management and general expenses 1,359,039. Fundraising expenses 0. Total expenses 5,825,532.”

“Uncollectible grants receivable -299,824. Return of expended grant funds -231,472.”

“The organization did not change either its oversight process or selection process during the tax year of its financial statements and selection of an independent accountant.”