Union Settlement Association Inc

“The organization uses an outside management company, btq financial, for management services. Services include financial management and financial system operations. No employees of the organization are compensated by btq financial. The management company was paid $207,873 for their services in fiscal year 2018.”

“Union settlement association, inc. 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 management and is ready to be filed with the internal revenue service, it is electronically sent to the board for approval. Any comments are provided to the board treasurer and the director of finance for review. Once the board has approved the return it is filed with the internal revenue service.”

“Each director, officer and key person shall, prior to the time such person assumes such position, be provided with a copy of the conflict of interest policy and complete, sign and submit a written statement to the secretary of union settlement identifying, to the best of such director's, officer or key person's knowledge, (a) any entity of which such director is an officer, director, trustee, member, owner (either as a sole proprietor or a partner), or employee and with which union settlement has a relationship, (b) any transaction in which union settlement is a participant and in which the director might have a conflicting interest (including any financial interest in a transaction or proposed transaction) and (c) any existing or proposed related party transactions (including transactions involving affiliates of union settlement), substantially as set forth in the policy or such other certification form as shall from time to time be adopted by the board of directors. At least annually thereafter each director, officer and key person shall submit a signed statement as adopted by the board of directors. Determinations regarding conflict matters shall be made by the board of directors or an authorized committee of the board. No related party or other covered person may participate in deliberations or voting relating to a matter with respect to which they may be conflicted, including any related party transaction; provided, however, that nothing in the policy shall prohibit the board of directors or any authorized board committee from requesting that such person present information concerning the transaction at a meeting of the board of directors or such committee prior to the commencement of deliberations or voting relating to such transaction. In no event shall a covered person or a related party influence improperly the deliberation or voting on the matter giving rise to a conflict or possible conflict. Directors who are not independent may be present at the time of such consideration but they may not participate in the deliberations or voting on matters covered by the policy if union settlement is a charitable corporation required to file an independent certified public accountant's audit report with the charities bureau. Determinations shall be made by majority vote of the directors present at the time of the vote, if a quorum is present at that time. Directors who are present at a meeting but not present at the time of a vote due to a conflict of interest or related party transaction shall be determined to be present at the time of the vote for this purpose. If the board of directors or committee has reasonable cause to believe a covered person or related party has failed to disclose an actual or possible conflict of interest and the related material facts, it shall inform such person of the basis for such belief and afford such person an opportunity to explain the alleged failure to disclose. If, after hearing such person's response and after making further investigation as warranted by the circumstances, the board of directors or committee determines such person has failed to disclose an actual or possible conflict of interest and the related material facts, it shall take appropriate disciplinary and corrective action.”

“The compensation of the executive director was established upon hiring in 2008, and has not been changed since. The compensation for the organization's executive director is approved by the executive committee of the board of directors. They review information from the united neighborhood houses ("unh") salary compensation survey, which is performed every one to two years. The compensation of the associate executive director has not received any increases during the same time period, other than cost-of-living increases that are provided to all employees. The salaries of highly compensated employees are approved by the executive director following review of the salary compensation survey conducted by united neighborhood houses and other market salary information.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The form 990 and summary financial statements are available on the website at www.unionsettlement.org. 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 request.”

“Consultants: program service expenses 977,851. Management and general expenses 83,827. Fundraising expenses 8,958. Total expenses 1,070,636. Contractual services: program service expenses 349,773. Management and general expenses 40,715. Fundraising expenses 3,990. Total expenses 394,478. Other professional fees: program service expenses 128,627. Management and general expenses 14,973. Fundraising expenses 1,467. Total expenses 145,067. Pest control services: program service expenses 27,731. Management and general expenses 3,228. Fundraising expenses 316. Total expenses 31,275. Security services: program service expenses 9,171. Management and general expenses 6,195. Fundraising expenses 6,414. Total expenses 21,780. Family childcare network providers: program service expenses 1,870,598. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,870,598.”

“Pension liability adjustment 1,865,033.”

“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.”

“During the year ended june 30, 2018, union settlement determined that it had not been accounting for accrued vacation time appropriately. A liability had previously been recognized for accrued vacation time only for administrative employees and did not accrue for vacation time associated with other employees subject to the same vacation policy. Accordingly, the previously presented results as of and for the year ended june 30, 2017 have been restated to reflect the proper vacation accrual. The restatement resulted in an increase in total liabilities and a decrease in unrestricted and total net assets of $335,185 as of june 30, 2017. The restatement resulted in an increase salaries and total expenses and a decrease in the change in unrestricted net assets of $23,081 for the year ended june 30, 2017. The restatement resulted in a decrease of $312,104 in the opening net asset balance as of july 1, 2016, representing the portion of the vacation accrual attributable to years ended june 30, 2016 and prior. During the year ended june 30, 2018, union settlement received the proceeds from the sale of st. Lucy's property. The proceeds amounted to $5,033,822. For the year ended june 30, 2017 these proceeds were reflected on the consolidated financial statements as assets of discontinued operations sold. On the 990 for the year ended june 30, 2017, a restatement was needed in order to remove the assets of a related entity not on the books. On the 990 for the year ended june 30, 2018, a prior period adjustment was recognized in order to disclose the collections of the sale by union settlement.”