Central American Refugee Center Inc

“The organization has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by the audit committee and executive director and is ready to be filed with the internal revenue service, it is electronically sent to the board for approval. Once the board has approved the return it is filed with the internal revenue service.”

“Each director, principal officer and member of the governing board with delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy, b. Has read and understands the policy, and c. Has agreed to comply with the policy. 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 the governing board with delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, s/he shall leave the governing board meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists.”

“As of january 2024, carecen's top management official executive director (ed), elise de castillo, conducts market research to determine competitive salary ranges for each position and establish feasible compensation for all management and staff positions including her own. Compensation for all officers and employees is proposed during the annual budget planning process, presented to the board of directors during the annual meeting, and the board either approves the budget or requests changes. Budget approval is then documented in the board meeting minutes. Any salary increases to top management are offered (1) as a cola increase in january, (2) as a merit increase at the time of performance evaluations, and/or (3) at any point during the year as needed to increase salaries for market or other considerations.the compensation review process was last conducted in 2024.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is also 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 or by calling the organization directly.”

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