Service Program for Older People Inc.

“A draft of form 990 is prepared by an outside accounting firm. The draft is reviewed by the board's audit and finance committee. After they have reviewed the draft, it is sent to the full board for review and comment before filing with the irs.”

“Spop has a written conflict of interest policy that pertains to the board of directors, employees and volunteers. In the event a board director, employee or member of the voluntary staff believes there may be a potential conflict of interest, he/she must disclose this potential conflict to the organization. Board directors and the chief executive officer (ceo) shall make immediate disclosure to the board president. The board president shall disclose to the board's executive committee. Employees and volunteers disclose to the ceo. If the president, executive committee or ceo, whichever applies, determines that there is a conflict of interest, unless otherwise authorized, the individual with the conflict of interest may take no part in the organization's decisions to which the conflict relates. In addition, with reference to employees and volunteers, the activity giving rise to the conflict of interest may be prohibited by the ceo. With reference to the board of directors, if the conflict involves a matter that is under consideration by the board of directors or a committee thereof, the director shall not vote on such transaction or attempt to influence the decision directly or indirectly. It is the responsibility of all board directors to familiarize themselves and comply with this policy. In addition to the appropriate disclosures required by this policy, each board member is annually required to read the policy and to sign a conflict of interest form. A copy of all completed forms is maintained in the organization's books and records in the executive office.”

“For services program for older people, inc. ("the organization"), the compensation for the ceo is reviewed and established by the executive committee of the board. In fiscal year 15-16, the executive committee contracted with an independent consultant, gallager benefit services, to assist the board in determining the reasonableness of executive compensation practices within the organization. The benefits consultant utilized market data from national and regional surveys, and forms 990 from similar organizations to compare with the organization's current compensation levels. The gallager benefits report was prepared and presented to the board president and executive committee. This data was utilized to determine executive compensation in the current fiscal year. The data review, subsequent discussion and final determination of executive compensation were recorded in the board's executive committee minutes. This process was last implemented in july 2016.”

“Spop makes its financial statements available to the public by posting them on its website. In addition, spop's governing documents, conflict of interest policy, and financial statements are available to the public upon written request at 302 west 91 street new york, ny 10024 or by calling (212) 787-7120.”

“The audit and finance committee of the board of directors is responsible for the selection of an independent accountant, oversight of the audit, and compilation of the organization's financial statements. This process is unchanged from the process utilized in the prior year.”