Project Enterprise

“Organization reviews the draft form 990 with its audit committee before the form is filed with the irs.”

“The board of directors benchmarks compensation for the executive director against current industry standards at the time of the initial job offer. Consideration is taken as to the size of our organization and the range of the individuals job responsibilities. An offer letter is crafted using industry data gathered from nonprofit professional/research organizations in order to set a reasonable salary range for the specified position. For the executive director position this task is undertaken by the search committee which consists of a subset of the active board of directors.”

“The board of directors benchmarks compensation for the key employees against current industry standards at the time of the initial job offer. Consideration is taken as to the size of our organization and the range of the individuals job responsibilities. An offer letter is crafted using industry data gathered from nonprofit professional/research organizations in order to set a reasonable salary range for the specified position. For other key employee positions the current executive director and organization human resource staff serve as the search committee and perform the related benchmarking as described above.”

“The organization does not make the documents available to the public on its website.all filings are provided for inspection to the public upon request. In addition the nysoag posts the annual reports together with the organization's audited financial statements, federal tax returns and organizational documents on its charities bureau web site for public inspection.”

“Client Note 1 - AMENDED TAX RETURNThe Federal 990 is amended to reflect changes and corrections of errors reported in the organizaton's books and records and the financial statements.The following changes were reported:Form 990, page 9, Part VIII, line 1e, government grants increased $2,236Form 990, page 9, Part VIII, line 1f, other contributions decreased $11,735Form 990, page 9, Part VIII, line 2a, interest income on loans increased $2,813Form 990, page 9, Part VIII, line 11b, other income decreased $5,000Form 990, page 10, Part IX, line 7, other salaries and wages decreased $979Form 990, page 10, Part IX, line 10, payroll taxes increased $979Form 990, page 10, Part IX, line 11g, other program expenses decreased $2,000”

“The Federal 990 is amended to reflect changes and corrections of errors reported in the organizaton's books and records and the financial statements.The following changes were reported:Form 990, page 9, Part VIII, line 1e, government grants increased $2,236Form 990, page 9, Part VIII, line 1f, other contributions decreased $11,735Form 990, page 9, Part VIII, line 2a, interest income on Loans increased $2,813Form 990, page 9, Part VIII, line 11b, other income decreased $5,000Form 990, page 10, Part IX, line 7, other salaries and wages decreased $979Form 990, page 10, Part IX, line 10, payroll taxes increased $979Form 990, page 10, Part IX, line 11g, other program expense decreased $2,000Form 990, page 10, Part IX, line 13, office expense decreased $1,800Form 990, page 10, Part IX, line 24e, other expense decreased $5,199”