Vera Institute of Justice Inc

“The organization has its form 990 prepared by an outside accounting firm. There is no review before the form 990 is filed with the internal revenue service.”

“The organization's conflict of interest policy requires its officers and trustees to disclose whenever they have a financial interest that is implicated by a transaction or arrangement into which the organization is contemplating entering (a "potential conflict"). If a potential conflict exists, the interested officer or trustee must disclose the nature of his or her interest to the committee of the board evaluating the transaction and is excluded from all deliberations and decisions concerning the matter. In addition, the organization's trustees are required, on an annual basis, to certify that they have read and understood the organization's conflict of interest policy and to disclose certain relationships that could give rise to a potential or actual conflict of interest.”

“The executive committee of the board of trustees is charged with the task of determining and approving the compensation of the president and director on an annual basis. As part of this process, the committee reviews comparability data including compensation surveys/studies, form 990s of other organizations, and information provided by an independent compensation consultant. The executive committee is composed entirely of independent persons with respect to the matter. The process was last conducted in 2023.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. In addition, the financial statements, conflict of interest policy, form 990, articles of incorporation, and by-laws are available to the public upon written request or by calling the organization directly.”

“The organization ceased conducting its unaccompanied children program as of december 1, 2023.”

“Payroll processing fees: program service expenses 81,920. Management and general expenses 85,262. Fundraising expenses 15,771. Total expenses 182,953. Consultant fees: program service expenses 3,457,533. Management and general expenses 726,479. Fundraising expenses 710,248. Total expenses 4,894,260. Stipends: program service expenses 48,075. Management and general expenses 95,231. Fundraising expenses 4,727. Total expenses 148,033. Other professional fees: program service expenses 64,883. Management and general expenses 79,071. Fundraising expenses 828. Total expenses 144,782. Subcontractor fees: program service expenses 89,399,375. Management and general expenses 0. Fundraising expenses 0. Total expenses 89,399,375.”

“The organization has an audit committee that assumes responsibility 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.”