Directions for Our Youth Inc

“The form 990 has been prepared and is reviewed by management. Once reviewed and filed by the leadership and finance teams, the form 990 is filed with the internal revenue service. The form 990 is electronically sent to the full board after the form 990 is filed.”

“The policy is applicable to board members. Board members sign a disclosure statement annually. Any director, principal officer, or member of a committee with board of directors delegated powers, who has a direct or indirect financial interest (as defined below), is an interested person. 1. Duty to disclose in connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with board of directors delegated powers considering the proposed transaction or arrangement. 2. Determining whether a conflict of interest exists after disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the board of directors or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board of directors or committee members shall decide if a conflict of interest exists. 3. Procedures for addressing the conflict of interest a. An interested person may make a presentation at the board of directors or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. B. The chairperson of the board of directors or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. C. After exercising due diligence, the board of directors or committee shall determine whether dfoy can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. D. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the board of directors or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in dfoy's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, it shall make its decision as to whether to enter into the transaction or arrangement 4. Violations of the conflicts of interest policy a. If the board of directors or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. B. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the board of directors or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“Compensation for the executive director is set by the board of directors. The board referred to the salary and staffing trends report issued by professionals for non-profits staffing group. Compensation for the coo and other top management officials is set by the executive director following guidelines from industry salary surveys. This process was last undertaken in 2023 to set the compensation for the executive director. The process included board approval and the approval was 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. The return is made available on guidestar.org and other similar types of websites. In addition, the financial statements, governing documents, and conflict of interest policy are also available upon written request at 26 bruckner blvd., 5th floor, bronx, ny 10454.”

“The finance committee oversees the audit of its financial statements and selection of an independent accountant. The process has not changed from the prior year.”