Mount Olivet Cemetery

“Frank f. Giglio and daniel giglio have a family and business relationship.”

“Lot owners are members of the cemetery. They have the power to elect members of the governing body.”

“The form 990 will not be reviewed by the organization's governing body before it is filed with the internal revenue service.”

“The conflict of interest policy covers officers and board memebrs elected by the board of trustees and the lot owners of the cemetery. Disclosure of a potential conflict of interest must be made to the president to allow officers to preserve in confidence matters they believe should not be known to others. An annual disclosure is performed by the organization to ensure if any officers and board members have a conflict, it is then documented in the board minutes. At all other levels in the organization disclosure to the chairman of the board of trustees. The board will determine whether a conflict of interest exists. A conflict of interest would initially be reviewed by the chief operations officer, and if it was determined a possible conflict of interest does exist, it would be brought to the board for review, at which point the board would make its determination as to whether a conflict of interest did exist. When any such individual, family member, or business entity of each individual has a financial interest in a matter that comes before the individual for consideration, the individual shall disclose any interest and shall take part in the consideration or action of the matter.”

“Mount olivet cemetery has a salary review committee that reviews and recommends salary increases for the non-union employees. These employees are made up of office workers, the superintendent and the treasurer. The president and the secretary are not employees and are not reviewed on an annual basis. They receive a monthly fee for their services. The salary review committee, makes recommendations to the board of trustees. The committee uses the following criteria to make their recommendations: a. Use of a survey conducted by the society for human management which projects average increase in compensation b. The committee reviews the increases of the union workers under the collective bargaining agreement c. The committee rates the job performance of each non-union employee at the salary review committee meeting the recommendations are agreed to and then presented at the annual meeting of trustees for approval.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request.”

“Inventory valuation adjustments -70,708.”

“The organization has a committee that is responsible for the oversight of the audit of its financial statements and selection of an independent accountant. The process has not changed from the prior year.”