Woonsocket Head Start Child Development Assoc

“The form 990 is prepared by the external auditors and reviewed by management. Once all are satisfied with the form, it is finalized and a copy is sent to all board members. At the subsequent board meeting, the board is asked if they have any questions or comments and a general review of the form is conducted by management. Revisions, corrections, etc. Are made as necessary. Subsequent to this meeting the form is submitted to the irs.”

“In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest or the possible financial interest. Annually, employees, consultants, and agents must complete a conflict of interest acknowledgement and disclosure document. This filing of annual statements does not relieve employees, consultants, and agents of the responsibility to bring financial conflicts or possible financial conflicts that arise between annual filing periods to the attention of the executive director. All financial conflicts and possible financial conflicts will be reviewed with the executive director. If the review reveals that a financial conflict of interest exists, the corporation will seek out a transaction, arrangement or contract from a person or entity that would not rise to a conflict of interest. Each employee, consultant, and agent shall annually sign a statement which affirms such person: (a) has received a copy of the conflict of interest policy; (b) has read and understands the policy; (c) has agreed to comply with the policy; and (d) understands the corporation is a not for profit and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. Employees who fail to disclose actual or possible conflicts of interest are subject to disciplinary action up to and including termination.”

“Annual salaries increases for all personnel, except the executive director, are presented as part of the annual budget and must be approved by the board of directors. The executive director's annual salary increase is based on an annual evaluation by the board of directors.”

“The association's form 1023 is available to the public upon request to the executive director. The association's governing documents, conflict of interest policy and financial statements are available to the public upon request to the executive director.”

“The organization did not change either its oversight process or selection process during the tax year.”