Learning Through an Expanded Arts Program Inc.

“When the form 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, an electronic or paper copy is sent to all members of the board for review and comments. Any comments and questions concerning the 990 are discussed with management and appropriate actions are taken when necessary before filing with the irs.”

“The organization has a conflict of interest policy that applies to the board of directors and all members of management. The board mandates that all members of management and board members sign a conflict of interest policy and disclose any potential or actual conflicts that may exist annually. If a conflict of interest exists, management and/or board members will investigate the potential conflict and the potentially conflicted board member will not be allowed to vote or be part of any decisions about such matters.”

“Executive director compensation was last determined in october 2015 by a subcommittee of 5 members of the leap board of directors following their search for a new executive director. The decision was made with reference to comparable organizations in terms of organizational size and type of services and the committee consulted with an executive search professional with over 20 years of experience in the field. The hiring and compensation decision of the board was documented in meeting minutes and a board resolution was documented.”

“Leap makes its form 990 available for public inspection as required under setion 6104 of the internal revenue code. The form 990 is posted on guidestar.com and other similar types of websites. In addition the financial statements and conflict of interest policy and other relevant documents are available upon request at 441 west end ave, new york, ny 10024 or by calling the organization directly at (212)769-4160.”

“Bad debt: program service expenses 0. Management and general expenses 6,847. Fundraising expenses 0. Total expenses 6,847. Misc expenses: program service expenses 1,552. Management and general expenses 3,386. Fundraising expenses 0. Total expenses 4,938. Equipment maintenance: program service expenses 952. Management and general expenses 0. Fundraising expenses 0. Total expenses 952.”

“The process for selecting an independent accountant and establishing a committee that assumes responsibility for oversight of the audit has not changed from prior years.”