Connecticut Minority Supplier Development Council

“A copy of the Form 990 is first 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 who prepared the return, 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.”

“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.”

“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.”

“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.”

“Greater New England Minority Supplier Development Council makes their documentation available on their own website.”

“Description:payroll fees total expenses:1250 management and general:1250”

“Description:special events expense total expenses:120056 program services:1226 fundraising:118830”

“Description:bank service charges total expenses:2285 program services:868 fundraising:1417”

“Description:dues and subscriptions total expenses:5609 program services:5609”

“Description:postage total expenses:1272 program services:24 management and general:724 fundraising:524”

“Description:storage expense total expenses:2591 management and general:2591”

“Description:utilities total expenses:9330 program services:2799 management and general:4665 fundraising:1866”

“Description:consultants total expenses:29493 program services:29493”

“Description:security total expenses:558 management and general:558”

“Description:office maintenance total expenses:100 management and general:100”

“Description:printing total expenses:19360 program services:173 management and general:287 fundraising:18900”

“Description:bad debt expense total expenses:20000 management and general:20000”

“Description:miscellaneous total expenses:12039 program services:1938 management and general:6807 fundraising:3294”