Connecticut Minority Supplier Development Council

“A copy of the Form 990 is first given to the President & CEO and the Finance Director for review. A meeting is then scheduled with members of the Finance 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 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 may also consult 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 and other Top-Level Management. See the response for Part VI, Line 15a.”

“Governing documents, conflict of interest policies, and financial statements are published on the organization's website and furnished upon request.”

“Description:bank service charges total expenses:1425 program services:926 management and general:285 fundraising:214”

“Description:dues and subscriptions total expenses:4828 program services:4828”

“Description:postage total expenses:1209 management and general:659 fundraising:550”

“Description:storage expense total expenses:2724 management and general:2724”

“Description:consultants total expenses:188800 program services:188800”

“Description:printing total expenses:581 management and general:269 fundraising:312”

“Description:bad debt expense total expenses:15000 management and general:15000”

“Description:miscellaneous total expenses:5964 program services:3811 management and general:2153”

“Description:meetings total expenses:233 program services:162 management and general:71”