Bridgeport Rescue Mission Inc

“There are no committees with authority to act on behalf of the governing body. Therefore, this question was answered no in accordance with the instructions.”

“Form 990 is prepared by an independent tax preparer and reviewed in detail by the organization's top management. The reviewed form 990 is then provided to the board of directors prior to filing with the irs.”

“Board members and officers sign a conflict of interest statement annually. The signed statements are reviewed by the chief executive officer and the board chair reviews the chief executive officer's statement. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any decision with regard to matters affected by the relationship.”

“Line 15a - the chief executive officer's compensation is determined and reviewed by the board of directors using comparisons to third party market data. The contemporaneous substantiation of the deliberation and decision process is completed annually and documented in the minutes. Line 15b - the compensation for the chief accounting officer is determined by the chief executive officer and is provided to the board of directors for review and approval as part of the percentage increases in the annual budget process. When a new person is hired for these positions, the chief executive officer compares third party market data in determining the offered compensation. The contemporaneous substantiation of the deliberation and decision process is completed annually and documented in the minutes.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Additionally, the organization's financial statements and public inspection copy of the form 990 are available to view via the organization's website.”

“Bridgeport rescue mission is fortunate to have a large number of unpaid volunteers who perform many of the mission's key program services. The value of these services is not recognized under generally accepted accounting principles or in this form 990. The use of volunteers for program services results is a significant cost savings for the mission, but because that value is excluded, the mission's program service expenses as reflected in the form 990 are not a true measure or representation of the organization's operational efficiency. If the value of the volunteer services were recognized in the 990 and program expenses, the mission's true operational efficiency would be much higher.”

“Bridgeport rescue mission does not file any w-2s as all employees are outsourced from a professional employment organization. Bridgeport rescue mission reimburses the professional employment organization for the employees' compensation and the reimbursements are reported on 990 part vii, section a and 990 part ix, lines 5-10.”

“Change in value of beneficial interest in perpetual trust 16,588.”