Long Island Association for AIDS Care Inc

“Annual presentation on corporate compliance is presented to all board of directors, management and key staff. The board members are given an opportunity to review the 990 and ask questions prior to the offical board meeting. During the board meeting, the 990 is distributed to all board members and reviewed by the auditor present at the meeting. Once the auditor has completed the presentation and review of the financial statements and the 990, members are given an opportunity to ask questions, etc. Once the process is complete, a vote is called.”

“A written conflict of interest policy is reviewed and signed off by all members of the board of directors, as well as management and key staff. The policy is reviewed each year at the annual meeting. Board meetings are scheduled one year in advance, and the dates and topics are on the schedule, including conflicts of interest. Board members are reminded at the board meeting before the actual presentation to ensure attendance.”

“Compensation for the ceo is conducted by the executive committee of the board of directors and data is gathered from comparative data from other not-for-profits as well as data from outside consulting firms: prm consulting and verisight consulting. The length of employment as well as education and experience are taken into consideration by the executive committee when approving a final amount. The ceo is not present during this meeting and does not vote on her compensation. Compensation for key employees is conducted by the president/ceo in consultation with the executive committee of the board of directors. Comparative data is taken from other nonprofits and salary surveys. The length of employment as well as education and experience are taken into consideration. Any major changes to the benefits package are reviewed and approved by the entire board of directors.”

“The governing documents, conflict of interest policy and financial statements are made available to the public upon request.”

“Upon the termination of the cfo in march, 2013, liaac hired zapken & loeb to be the outsourced cfo who would perform the following functions: assist with preparation of workpapers for the annual audit; liaison with outside cpa firm conducting the audit; oversee the internal finance department; present financial statements at board of director's meetings; and to be available for finance-related projects.”

“Form 990, part vii, column f is made up of the following benefits amounts during the calendar year ended december 31, 2013: gail barouh (total $42,263): pension - $24,410 health insurance - $8,672 life insurance - $1,308 long term care insurance - $6,455 short/long term disability insurance - $1,418 catherine hart (total $18,629): pension - $15,012 health insurance - $260 life insurance - $1,681 short/long term disability insurance - $1,676 carol cutrone (total $23,704): pension - $8,307 life insurance - $1,404 health insurance - $9,306 long term care insurance - $3,011 short/long term disability insurance - $1,676 ma josefina jacinto (total $2,554): health insurance - $2,168 life insurance - $131 short/long term disability insurance - $255”

“The process for overseeing the audit of the financial statements and selection of an independent accountant that audited the financial statements has been consistent with prior years.”