Sco Family of Services

“The form 990 is prepared by an outside accounting firm in conjunction with the organization's financial department. A copy of the form 990 is reviewed by the organization's president & ceo and cfo, and then provided to all members of the board of directors via electronic mail with an opportunity for them to comment or make inquiry before it is filed with the internal revenue service.”

“Upon hire, all employees complete a mandatory corporate compliance training and are asked to complete a conflict of interest statement, disclosing any potential conflicts. Annually, the sco board of directors, senior management, clinical personnel, program management and administrative staff complete corporate compliance training and complete a conflict of interest statement. The statements are reviewed by sco's corporate compliance department. Potential conflicts are vetted through the corporate compliance department with feedback from sco's president & ceo and the human resources department. All situations are brought to the agency's board committee which reviews agency risk and those situations which are conflicts are addressed. All information is maintained and the conflict of interest statement is maintained in the employee's personnel file. Potential conflicts involving the president & ceo or board members are reviewed by the executive committee of the board. The conflict of interest policy shall include, at a minimum, the following provisions: (a) procedures for disclosing a conflict of interest to the audit and compliance committee; (b) a requirement that the person with the conflict of interest not be present at or participate in board or committee deliberation or vote on the matter giving rise to such conflict; (c) a prohibition against any attempt by the person with the conflict to influence improperly the deliberation or voting on the matter giving rise to such conflict; (d) a requirement that the existence and resolution of the conflict be documented in the corporation's records, including in the minutes of any meeting at which the conflict was discussed or voted upon; and (e) procedures for disclosing, addressing, and documenting related party transactions in accordance section 715 of the new york not-for-profit corporation law.”

“The process of determining the president & ceo's compensation included a comprehensive analysis of compensation among comparable organizations as prepared by an outside consultant during fy24. This analysis referenced form 990 filings as well as an executive compensation survey conducted by a third party which included similar non-profit organizations in the new york region. The peer group of organizations within the compensation survey were fully researched and vetted through the economic research institute (eri) salary database. This database assists with determining comparable agencies based upon ntee (national taxonomy of exempt entities) code as listed on guidestar.org for 990 reporting. Following a review of this information by the board of directors, an appropriate compensation package for the president & ceo was determined, approved, and recorded into the board report. Compensation for other officers is determined by the president & ceo and approved by the chair of the finance committee of the board of directors.”

“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 the organization's website, the new york state attorney general website, guidestar.org and other similar types of websites. In addition, the governing documents and conflict of interest policy are also available upon written request or by calling the organization directly.”

“Change in unfunded pension obligation 5,439,502. Gain on interest rate swap -149,874. Rounding 1. Loss on asset disposal 232,334.”

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