Capital Workforce Partners Inc

“Capital workforce partners 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. When the form 990 has been prepared, reviewed by the finance and audit committee and is ready to be filed with the internal revenue service, an electronic copy of the form 990 is distributed to the board for review and comment prior to filing.”

“The board shall comply with the requirements of the connecticut revised nonstock corporation act, any and all connecticut department of labor conflict of interest policies and those restrictions as to conflict of interest as established in section 107(h) (1&2) of wioa, which specifically state that board of directors members may not: (1) vote on a matter under consideration by the local workforce development board regarding the provision of services by such member (or by an entity that such member represents) or that would provide direct financial benefit to such member or the immediate family of such member? Or (2) engage in any other activity determined by the governor to constitute a conflict of interest as specified in the state plan. Notwithstanding the foregoing, any director who has a conflicting interest with any transaction effected or proposed to be effected by the organization shall, in addition to complying with the requirements delineated above, recuse himself/herself from and play no part, directly or indirectly, in any discussion, deliberations or vote on such proposed corporate transaction. The board of directors retains the authority to determine if a director has an interest respecting a transaction effected or proposed to be effected by the corporation, which is a conflicting interest. On an annual basis, the governance committee is required to review and disclose any coi and sign the coi policy as set forth by capital workforce partners. On a quarterly basis at board meetings, the chair of the board reminds the members of the policy and that if any circumstances have changed for any regarding the policy, that they should contact the chair and disclose the conflict.”

“The organization obtains annual compensation surveys from various nonprofit organizations and uses these to ensure that the organization's executive compensation plan compares favorably with similar organizations of the same size and mission. Periodically, the organization engages the services of a compensation consultant to determine whether our salary structure fairly and equitably compensates all employees and complies with flsa. Further, executive compensation is reviewed annually by the executive committee of the board of directors. This process was last conducted during the 2022-2023 fiscal year and is documented in the board minutes.”

“The organization's form 990 is available for public inspection as required under section 6104 of the internal revenue code. In addition, the organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“Other prof services 376,800 41,330 0 tuition assistance 0 2,966 0 participant contractual servi 3,861,431 0 0 total 4,238,231 44,296 0”