Connecticut Minority Supplier Development Council

“Form 990 review: After the Form 990 is completed by the organization's outside CPA firm a copy is given to the Executive Director and Controller for review. A meeting is then scheduled with members of the Audit Committee for review. Questions, if any, are then presented to the outside CPA firm for clarification. Upon receipt of satisfactory answers to all questions, the Form 990 is then approved by the Committee and the outside CPA firm is instructed to finalize the return.”

“Conflict of Interest Policy review: During every board meeting, whenever the Board is engaged in discussion relating to activities conducted by the Organization (entering into a contract, hiring personnel, etc.) the issue of the existence of a conflict of interest is routinely considered.”

“Compensation determination: In determining the compensation for the Organization's Executive Director and Key Employees the organization's Board of Directors considers the following factors: Level of Education; Experience; Compensation paid by other similar organizations and the financial status of the Organization. The Board also consults with an outside personnel agency. All discussions pertaining to decisions reached are documented.”

“Compensation determination: The Organization follows the same procedures for determining compensation for other Officers and Key Employees as it does for the CEO, Executive Director and Top-Level Management. See the response for Part VI, Line 15a.”

“Payroll fees 2012. 0. 2012. 0.”

“Special events 196209. 196209. 0. 0.”

“Bank service charges 2087. 0. 2087. 0.”

“Subscription/membership fees 1528. 0. 1528. 0.”

“Postage 2256. 1160. 1096. 0.”

“Mbeic expenses 1004. 1004. 0. 0.”

“Storage expense 2159. 0. 2159. 0.”

“Utilities 14756. 1476. 13280. 0.”

“SECURITY 454. 0. 454. 0.”

“Office maintenance 7302. 0. 7302. 0.”

“Moving expense 1061. 1061. 0. 0.”

“Printing 13856. 12756. 1100. 0.”

“Miscellaneous 2432. 2410. 22. 0.”

“Bad debt expense 9500. 0. 9500. 0.”