Storefront Academy Harlem

“Board members christine moore & christopher moore are related.”

“Before the form 990 was filed, a copy was distributed to the financial board members to review the 990, including any questions or comments, which the director of finance addressed. After that, the 990 was circulated to all board members via email for review. Comments and questions were requested, and were directed to the director of finance. Once these were addressed, any revisions were redistributed to all board members. Then the form 990 was filed with the irs.”

“Tcs has adopted a conflict of interest policy requiring that any transaction with interested parties is fully disclosed. This policy is reviewed on an annual basis. The chair will report to the board of trustees that disclosure forms have been completed and whether any potential conflicts have been disclosed. All trustees, leadership staff and senior staff are required to complete the disclosure statement annually. If at any time a trustee or affected employee acquires an interest in a matter that might pose a conflict, they shall promptly disclose such interest in writing. Interested parties who have an actual or potential conflict of interest will not participate in decisions or discussion affected that interest and the organization. The board of trustees and officers are covered under the conflict of interest policy. Those leadership and senior staff employees involved in processing invoices review each transaction for conflicts. If one is discovered, it is reported to the board chair. Conflicts at any level are reported to the board chair.”

“During the budget development process members of the finance committee check with relevant industry organizations such as nyais regarding compensation levels for key leadership and program staff. Salaries are approved by the entire board of directors during the formal budget approval process.”

“The organization's governing documents, conflict of interest policy, form 990, form 1023, and financial statements are available upon request.”

“The governing documents conflict of interest policy and financial statements are available to the public upon request.”

“The form 990 is being amended due to additional information provided necessary for a complete and accurate return. The following is a summary of originally reported amounts: 990, page 1 total revenue (line 12) 318,037 total expenses (line 18) 662,050 excess/(loss) for the year (line 19) -93,946 990, page 1 total assets (line 20) 3,037,593 total liabilities (line 21) 95,135 net assets-end of year (line 22) 2,942,458”

“The process has not changed from prior year.”