Community-Word Project Inc

“The finance committee reviews form 990 and shares any questions with the executive director and community-word project's fiscal manager. After this, the entire board receives the 990 electronically for review and approval prior to filing the form.”

“The organization has a conflict of interest policy that applies to all directors and officers. Prior to election to the board, and thereafter on an annual basis, all directors and officers shall disclose in writing, to the best of their knowledge, any interest such director and/or officer may have in any corporation, organization, partnership or other entity which provides professional or other goods or services to the corporation for a fee or other compensation, and any position or other material relationship such director or officer may have with any other not-for-profit corporation with which the corporation has an attorney-client or other business relationship. If at any time during his, her or their term of service, a director or officer acquires any interest or otherwise a circumstance arises which may pose a conflict of interest, that interest or other conflict shall be promptly disclosed in writing to the board co-chairs. When any matter for decision or approval comes before the board or any committee of the board in which a director or officer has an interest or conflict of interest, that interest or conflict of interest shall be immediately disclosed in writing to the board or relevant committee by that director or officer. No director or officer shall vote on any matter in which he or she has an interest or conflict of interest and shall leave the room in which discussion regarding that matter is carried on, if so requested by the board or the relevant committee.”

“As a part of the annual budget process, the board reviews salaries for all staff. The same process is followed for all full-time staff positions including the executive director. Any director of the corporation is authorized to receive a reasonable salary or other reasonable compensation for services rendered to the corporation when authorized by a vote of two-thirds of the entire board. No compensation shall be paid to directors merely for their role as directors. The board shall fix the compensation, if any, of any officer or employee. In determining compensation, the board shall consider the compensation offered by comparable organizations for similar positions and shall document the basis for its decisions. If an officer or employee is a board member, he or she may not participate in the discussion or the vote with respect to his or her compensation. Documentation is part of the budget approval process and is documented in the finance committee and board minutes.”

“Community-word project makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is made available on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, form 990, form 1023, and by-laws are also available upon written request at 11 broadway, room 508, new york, ny 10004.”

“The organization has not changed its oversight process or selection process for reviewing its financial statements during the tax year”