Creative Alternatives of New York Inc

“The executive director and board treasurer review the form 990 for accuracy and completeness, then provide copies to the board of directors for them to read and comment upon. The board gives final approval before the form 990 is filed.”

“Officers and directors are required to disclose interests that could give rise to conflict on a written form that they must complete and sign annually. Any conflicts disclosed are considered and resolved by the organization.”

“Executive director compensation was determined by the executive committee through annual evaluation and comparison of executive director compensation from nonprofit salary surveys and form 990's of similar organizations.”

“The organization makes its form 990 available for public inspection on the guidestar website and will also provide paper copies of form 990 and form 1023 upon request.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public by providing paper copies upon request.”

“Due to a steady decline in funding, on march 30, 2017, the board of directors determined that the best of course of action was to wind down operations. The organization ceased providing programs before the end of their fiscal year ending june 30, 2017.”

“Until the decision was made on march 30,2017 to cease operations and liquidate the organization, the financial statements were prepared on the concept that the organization was a going concern. On march 31, 2017, the organization adopted the liquidation basis of accounting. Assets were measured and presented at the amounts of cash proceeds that the organization expects, as of the date of the financial statements, to receive from their liquidation. In addition, the organization had accrued and separately presented under the caption liquidation reserves the costs that it expected to incur during the duration of the liquidation. At june 30, 2017 the organization recognized $220,418 in liquidation expenses and a related liability in its financial statements. Those amounts were paid during the year ended june 30, 2018 as follows: salaries and payroll taxes $168,082 contract services 22,299 office supplies 1,507 facilities 9,569 malpractice tail policy 10,051 miscellaneous 4,586 donation to john v. Lindsay wildcat academy 4,324 total $220,418 the organization has followed its bylaws and the laws of the state of new york in regards to the winding up of its operations and the liquidation of its assets.”