Fresh Youth Initiatives Inc

“Fyi 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 board for approval. Any questions and/or comments are sent to the audit commitee for resolution with management. Once all questions/issues are satisfactory and resolved, each board member votes on whether to accept the form 990. Once the board has approved, it is filed with the internal revenue service.”

“The organization regularly and consistently monitors and enforces compliance with the policy by requiring all directors, officers, management, and staff to sign a conflict of interest and disclosure form annually and to affirmatively disclose potential conflicts as they arise. The conflict of interest policy prohibits those involved with fyi from improperly entering into certain transactions with fyi or using their relationship with fyi in a manner harmful to fyi. Prohibited transactions generally are those where an individual or an entity, by reason of his/her/their/its relationship with fyi, receives a benefit as a result of its relationship with fyi in a manner that conflicts with that individual's or entity's relationship with fyi. It is fyi's policy to prohibit all such transactions unless the executive committee of fyi's board of directors ("executive committee") specifically approves such transaction, and after all relevant facts have been fully disclosed to the executive committee. More specifically, the conflict of interest policy prohibits any fyi member from being a related person in a transaction with fyi, without informing fyi and receiving permission to do so according to the procedures described below, or from taking certain actions that are contrary to the best interest of fyi. In no event shall an fyi member who is related to the transaction or the action giving rise to a potential conflict of interest be present or participate in any deliberations, discussions or vote in connection with the transaction or action.”

“Compensation for the executive director is reviewed annually. The process involves the evaluation of the executive director and approval of compensation by the executive committee of the board of directors. The board of directors retains separate documents for tracking of the approval, independent of the record keeping kept internally in the organization. The executive committee retains these records on their own. This process was last undertaken in july 2020.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is also posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request.”

“Fyi's long-term goal is to assist low-income, immigrant, and first-generation children to build secure futures, healthy lives, and strong academic achievement. We assist 1,300 low-income children and teens living in washington heights/inwood to flourish in school; navigate transitions; get on track for college and career; and give back to the community. Helping immigrant and first-generation youth constitutes a core element of fyi's mission. We know that adjusting to a new life, language and school, while missing all that is familiar, is a heavy burden to bear. And though parents make sacrifices and work hard to give their kids a better life, many lack the time and know-how to support their children's academic achievement. Fyi works to bridge the gap. Fyi operates programs at four sites from 165th to 204th streets in northern manhattan providing services during and after the school day, evenings and weekends. Programs address children's strengths and relative areas of weakness and include: academic instruction in stem and literacy, advisory, counseling and crisis intervention, college access and career guidance, community service learning and leadership, sports, the arts, and recreation.”

“The organization has a committee that is responsible for the oversight of the audit of its financial statements and selection of an independent accountant. The process has not changed from the prior year.”