Oes Home of Rhode Island

“The Organizations Form 990 is intitially by the President and Director for accuracy. Once this process has occurred, the President presents the Form 990 at the following Board of Directors meeting for review before filing the 990.”

“Members of the Board of Directors are required to report annually any potential conflicts of interest. These potential conflicts are reviewed by the Executive committee of the Board of Directors. If this committee decides that a conflict of interest exists, then appropriate restrictions for participation and approving affected areas will be put into place.”

“The Officers of the Board of Directors are responsible for determining the compensation of the Administrator. Only at the time of initial hiring has the information been reported to the entire Board of Directors. Subsequent to initial hiring, compensation increases come within the annual budgetary process which is approved by the Board of Directors.”

“The Organization maintains copies of its Governing documents and financial statements at its administrative location. The Governing documents and financial statements are available upon request.”

“Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Organization and recognize a tax liability if the Organization has taken an uncertain position that more than likely than would not be sustained upon examination by the Internal Revenue Service. The Organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Organization recognizes interest and penalties, if applicable, as a component of administrative expenses.”