Iyrs School of Technology & Trades

“The form 990 is prepared by the external auditors. The ceo and cfo both review the 990 prior to filing and work closely with the external tax team. Once they are satisfied with the form, it is shared with the finance committee electronically, and then with the board of trustees. The committee and board are asked if they have any questions or comments, which are reviewed electronically. Once there are no further changes, the form is submitted to the irs.”

“The organization's conflict of interest policy is provided to all officers, trustees and key employees. Annually, these individuals are asked to review the policy and sign a statement indicating that they understand the policy, have reported all potential conflicts during the past year in accordance with the policy and will report all potential conflicts during the coming year. All potential conflicts are evaluated by the chair of the board of trustees to determine if a conflict actually exists. In those instances where the potential transaction is a conflict, the board examines the transaction and a vote is taken (with those involved recusing themselves) as to whether the organization will enter into the transaction.”

“Annually, the compensation committee of the board conducts a performance review and evaluation of the president, establishing the president's compensation based on the evaluation of the president and consideration of a salary survey of comparable positions obtained from the forms 990 of similar organizations. The new president was hired as of july 15, 2023 with a 3 year contract through july 1, 2026. The pay for all other employees, including the chief operations & financial officer, key employees and highest compensated employees, is determined by the president. However, the board of trustees approves the budget which includes employee salaries, and a salary worksheet is available to all executive committee members upon request.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. The organization will mail copies upon request or provide copies to those who come to the administrative office during normal business hours. The organization charges for the copies in accordance with irs regulations.”

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