Westchester Parks Foundation Inc.

“The organization outsources its management duties, specifically the position of executive director, to the jomake group inc. The fee paid to the jomake group inc. In 2015 for the executive director's services was $77,499. The executive director provides professional leadership, oversees all operations and management for wpf staff. Acts as a liaison between westchester county parks, board of legislatures, advocacy groups as well as any other parties on the behalf of wpf. Develop and implement programs. Monitors rules, regulations and compliance with all policies and by-laws. Recruit, supervise staff. Contract is approved by the full board of trustees upon recommendation of the chair the executive committee.”

“Westchester parks foundation, 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 and reviewed by mangement, it is sent to the members of the finance committee for any comments. Any comments are then grouped, summarized and reviewed with management and the accounting firm. All issues are documented and addressed. The form 990 is then submitted to the full board of directors. Any comments are again reviewed by the finance committee, management and the accounting firm. Each issue is documented and addressed until the return is finalized and approved for filing.”

“The foundation has a conflict of interest policy which requires board members, officers and employees to sign a conflict of interest statement annually, which identifies any and all actual or potential conflicts of interest. Questionnaires shall be available for inspection by any board member, and may be reviewed by the foundation's legal counsel. Any conflicts that are identified are addressed and noted in board minutes. Those board members, officers and employees who have conflicts of interest do not vote on matters involving such conflicts. The foundation regularly and consistently monitors compliance with the policy at board meetings throughout the year.”

“The executive director is a contractual consultant and the compensation is based upon an hourly rate with a not to exceed cap on the billable amount. The executive director contract is approved by the full board of trustees upon recommendation of the chair and the executive committee.”

“Westchester parks foundation, inc. Makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“Westchester parks foundation, inc. Makes its forms 990 and 1023 available for public inspection, as required under section 6104 of the internal revenue code to the public during regular business hours at its corporate office. The foundation's form 990 is also posted on the guidestar website and other similar types of websites.”

“The foundation 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.”

“The foundation identified an overstatement in its unrestricted and temporarily restricted net asset accounts as of december 31, 2014 resulting from the accounting for funds held on behalf of others, previously reported as contributions on prior returns. Funds held on behalf of others was restated at december 31, 2014, resulting in an adjustment of $600,959 to the liabilities.”