Abbott House

“Richard fortunato, board member and justine r. Christakos, key employee, have a family relationship.”

“The organization amended its bylaws during the fiscal year to create a governance committee, which consists of three or more directors elected by a vote of the majority of the board of directors. The governance committee is responsible for: a) developing an ideal board profile; b) tracking board skill sets; c) monitoring board diversity and inclusiveness; d) identifying and developing potential board members; e) preparing and implementing new member orientation; f) managing continuing education/training for board membership; g) monitoring board member involvement including conducting annual board self-assessments and addressing the issues that surface; h) identifying need for new board members and need for members to transition off the board; i) monitoring board meetings with the goal to improve overall effectiveness of meetings; j) implementing activities that engage and involve board members in understanding and implementing the agency's mission and k) organizing social time/team building. The governance committee shall also nominate candidates for the board of directors, having reviewed their qualifications and prospective added value as board members.”

“Abbott house 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 audit committee of the board of directors for any comments. Any comments are then grouped, summarized, and provided to the outside accountants. Each issue is documented and addressed until the return is finalized and approved for filing. At a board meeting scheduled prior to the filing due date, the ceo and cfo present the form 990 to the entire board. The 990 is electronically sent to the entire board before the meeting.”

“Each key employee, board member and officer of abbott house shall complete a conflict of interest questionnaire at the time of his/her appointment. The questionnaire for the key employees will be reviewed by the president and ceo, who will attempt to resolve any actual or potential conflicts. In addition, the questionnaire for the board members and officers shall be reviewed by the chairman of the board in consultation with the president and ceo, who will attempt to resolve any actual or potential conflicts. Thereafter, the questionnaire will be completed on an annual basis for employees, officers, and board members. A key employee, board member or officer, who has an interest must immediately disclose to the president and ceo, the existence and nature of his or her interest in the proposed negotiation, transaction, or arrangement between abbott house and another individual or organization. Records of such disclosure shall include the name of the interested person, the nature of the interest, a record of any determination made by the president and ceo. For board members and officers, the record will also include any determination made by the board and the names of persons who were present for the discussions and any votes. An interested person may not participate in the proposed negotiation, transaction, or arrangement.”

“The salaries for the president and chief executive officer are determined by a recommendation from the chairman of the board. The procedures that the chairman follows are: - reviews the performance of the chief executive as measured against previously agreed objectives - gathers information on compensation paid to chief executives of comparable organizations and from an independent study of ceo compensation commissioned by cofcca to ensure compliance with executive order 38. - meets with the chief executive to discuss and document strengths, weaknesses, and goals for the upcoming year. Once these steps have been completed, the chairman of the board presents his or her findings and recommendations to the executive committee and then presents the compensation proposal to the board of directors in an executive session. The board's approval is documented in the minutes to the meeting. This process was last completed in 2019. The salaries for the other officers and key employees are determined by the chief executive officer. The procedures that the ceo follows are: - reviews the performance of the officers and key employees as measured against previously agreed objectives - gathers information on compensation paid to officers and key employees of comparable organizations - meets with the officers and key employees to discuss and document strengths, weaknesses, and goals for the upcoming year. Once these steps have been completed, the ceo then makes the determination as to the officers and key employees' salary.”

“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 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 at 100 north broadway, irvington, ny 10533 or by calling the organization directly at (914)591-7300.”

“Officer lorraine bullis did not receive compensation for her capacity as secretary. She received compensation in her role as an executive assistant to james kaufman, ceo.”

“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.”