Under 21

“The sole coroporate member of under 21 d/b/a covenant house new york is its parent organization, covenant house, d/b/a covenant house international.”

“Under 21 d/b/a covenant house new york's parent organization, covenant house international has the right to elect or appoint officers of organization's board of directors.”

“The following decisions for the governing body are subject to approval by under 21 d/b/a covenant house new york's parent organization, covenant house international - amendment or repeal of the by-laws, increase or decrease in the number of board of directors and appoint/remove members of the board and the officers.”

“Under 21 d/b/a covenant house new york 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 finance committee of the organization for any comments and a meeting/conference call is convened. 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. Once approved, it gets distributed to the entire board, and it is filed with the irs.”

“The organization requires annual disclosure and affirmation of the conflict of interest policy by all officers, directors and key employees. The disclosure statement required each officer, director, and key employee to disclose any business or personal interests, direct or indirect, that the person may have in an organization that completes with or does business with covenant house new york, covenant house international or any other organization business/agency affiliated with covenant house international. If a conflict is determined to exist, it must be reported and addressed to the satisfaction of the organization. Any other person having a conflict, and attending said meeting, shall retire from the room in which the board or committee is meeting and shall not participate in the final deliberations or decisions regarding the matter under consideration. Any interested director shall also abstain during such vote. The minutes of the meeting of the board or committee shall reflect that the conflict of interest was disclosed and that the interested person was not present during the final discussion or vote and did not vote. A summary of the annual conflicts of interest and copies of the conflicts of interest reports from the directors, executive director, and officers of the organization are also sent to the parent organization, covenant house international. The parent, covenant house international also ensures the annual conflicts of interest reports are accomplished for each affiliate and that the required information is sent to them.”

“The executive director's compensation is determined by the compensation committee (i.e. Executive committee) working in conjunction with the president of covenant house international (parent). A salary structure and range were determined using a compensation committee and independent consultant for the executive director. Factors considered were the size of the agency budget, program size and complexity, local market compatibility, and the cost of living, with compensation approved by the chny board of directors. Compensation of the officers and key employees of the organization is compared to other similar organizations, form 990s, comparable salary data and surveys. Compensation is determined by the executive director and the board of directors via the budget process. Records of executive committee's compensation decisions are maintained in the covenant house international (parent) human resources department record. This process was last undertaken in fiscal year 2016.”

“The organization's audited financial statements and form 990 are posted on its website. The governing documents, conflict of interest policy and financial statements are all available for public inspection upon request at 460 west 41st street, new york, ny 10036.”

“Compensation paid to the interim executive director: please note that the interim executive director as a religious member of the congregation of notre dame (the order), has taken a vow of poverty and is provided with zero (0) compensation from the organization. All compensation that would have been paid to the interim executive director on behalf of services provided to the organization is instead paid to the congregation of notre dame rather than the individual.”

“Change in value of beneficial interest in perpetual trust -127,876.”

“The organization's finance committee of the board assumes responsibility for the oversight of the annual audit. The selection of the independent auditor is accomplished by covenant house parent's audit committee of the board. The chny treasurer participates in the selection process and informs the chny finance committee of the process and selection.”

“In 2016, the organization corrected the reporting on its financial statements for a beneficial interest in a perpetual trust (the "trust"), which was previously not reported. As a result, previously reported permanently restricted net assets at july 1, 2014 increased by $2,495,233. At june 30, 2015 the value of the trust decreased to $2,274,977. The statement of activities for the year ended june 30, 2015 was corrected to report a decrease in permanently restricted net assets of $220,256.”