Capital for Change Inc

“The organization's federal form 990 was provided to the organization's finance personnel for review prior to filing with the internal revenue service (irs). Following this review the form 990 was provided to each member of the organization's finance committee, prior to filing with the irs. Following this review the form 990 was provided to each member of the organization's board of directors prior to filing with the irs. As part of the tax return preparation process the organization hired a professional cpa firm with experience and expertise in not-for-profit tax return preparation to prepare the federal form 990. The cpa firm's tax professionals worked closely with the organization's finance personnel and various other individuals of the organization to obtain the information needed in order to prepare a complete and accurate tax return. The cpa firm prepared a draft federal form 990 and furnished it to the organization's finance personnel and other individuals for their review. The organization's finance personnel and other individuals reviewed the draft federal form 990 and discussed questions and comments with the cpa firm. Revisions were made to the draft federal form 990 where necessary and a revised draft was then furnished by the cpa firm to the organization's finance personnel and various other individuals for review and approval prior to presentation of the federal form 990 to the members of the organization's finance committee. Revisions were then made to the draft federal form 990 where necessary and a final draft was furnished by the cpa firm to the organization's full board of directors prior to filing with the irs.”

“Conflict of interest policy is provided to directors in the board resource manual. Directors review potential/actual conflict of interest issues as required and also annually document their involvements on an annual disclosure form.”

“The salaries of members of senior management are reviewed against publicly available compensation surveys. Job classes/ranges are adjusted to reflect third-party data and are reviewed by the executive committee. The board, via the executive committee, oversee the compensation of the ceo. Ceo compensation is determined by reviewing form 990s and industry survey and job grades and is approved by the board. The salaries of all members of senior management are reviewed by the executive committee and compared to industry data.”

“All governing documents and audited fs are available upon request.”

“Cumulative adjustment from adoption of new credit loss standard -390,175. Recovery of credit losses - funded loans 442,354. Provision for credit losses - unfunded loans -151,347.”

“There was no change to the selection process during the tax year.”