Year Up Inc.

“The full 990 is reviewed in detail by the audit committee at a full audit committee meeting with our 990 preparer in attendance. The chair of the audit committee then reports to the board any concerns arising from the 990 or states that there were no issues arising from the 990 and asks that the full board vote to approve the 990.”

“Each year all members of the board and all key management employees must sign the conflict of interest policy and take this into consideration as part of the due diligence for all business transactions. After a disclosure of a financial interest and all material facts, and after a discussion with the interested person, he or she shall leave the governing board or committee meeting while the remaining board or committee members discuss and determine by vote whether a conflict of interest exists. If a potential conflict of interest exists, a vote on whether or not to enter into the transaction will be taken by the disinterested directors or members.”

“Each year up staff member, including the ceo, receives a 360 degree review, which includes a review from local or national board for senior executives, prior to receiving a salary adjustment. This review occurs annually. Inputs to salary increase are informed by a number of factors, including but not limited to, competency, proficiency, performance, experience, geography, organizational growth and overall economy. The governing board reviews performance evaluations, salaries and recommendations for increases for all year up executives annually to ensure our compensation system is fair and equitable, and in line with market analysis. Year up salaries and salary bands are reviewed against market data on an on-going basis.”

“The organization's form 990 is available on our website, guidestar.org website or the massachusetts attorney general's website.”

“Audited financial statements, governing documents and conflict of interest policy documents are made available upon request.”

“Year up is a national nonprofit organization that enables low-income young adults (ages 18-24) to move from poverty to professional careers in one year. We seek to close the opportunity divide-the gap between those who have access to education, resources, and living-wage employment, and those who do not. Year up's mission is to close the opportunity divide by providing urban young adults with the skills, experience, and support that will empower them to reach their potential through professional careers and higher education. In achieving our mission, year up acts as an "opportunity broker" between young adults and corporations lacking access to a well-trained workforce and a pipeline of talent for approximately 14 million vacant jobs that companies will struggle to fill between now and 2020. In 2015 with the graduation of our largest class to date, year up saw 85% of its alumni go on to pursue full-time employment or education within four months of graduating. Those employed are earning an average starting wage of $18 per hour.”

“The organization has an audit committee that assumes responsibility for oversight of the audit and selection of an independent accountant.”