Liberation Programs Inc.

“The organization has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. After the form 990 has been prepared, a copy is reviewed by management and when it is ready to be filed with the internal revenue service, it is electronically sent to the board for review. Once the board has reviewed the return it is filed with the internal revenue service.”

“Every year each board member completes and signs an annual disclosure statement, agreeing to comply with the policy guidelines and to inform the board chair should any potential conflict arise. Potential conflicts are reviewed by the executive committee which will result in a written course of action, signed by the board chair. If a conflict arises involving a member of the executive committee, that member will be required to recuse himself/herself from the vote which would be taken without that member present to ensure independence. Employees and volunteers receive a copy of the conflict of interest policy and code of conduct policy at the time of hire and participate in an annual training recorded in the agency annual training log.”

“The organization participates in salary surveys with the ct community nonprofit alliance to determine proper salary levels compensation amounts for officers and/or key employees are approved as a part of the annual budget process. The compensation for the ceo was established as part of the recruitment search for the ceo which is done by an outside agency. Increases to the ceo's compensation are approved by the executive committee of the board of directors. The last compensation review process for the ceo took place in january 2024. The cfo's compensation is budgeted annually in april and apporoved in may/june.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is also posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request or by calling the organization directly. The financial statements, form 990, and financial conflict of interest policy are available on liberation programs' website.”

“The audit committee of the board of directors is responsible for the oversight of the audit and selection of an independent accountant. The finance committee of the board of directors meets monthly to review the monthly internal financial statements and is responsible for approving the annual budget.”