Hostos Community College Children'S

“Hostos community college children's center, inc. 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 and reviewed by the senior v.p. Of finance and administration and president of the children's center board and is ready to be filed with the internal revenue service, it is electronically sent to the board for approval. Once the board has approved the return it is filed with the internal revenue service.”

“Board members and officers are required to disclose any actual or possible conflict of interest with the governing board. After disclosure, an investigation is held during which the individual must recuse themselves from voting on the matter. Such matters involving the existence of conflicts of interest are to be documented in the minutes of the governing board. On an annual basis, each board member and officer is required to sign a statement which affirms that they received a copy of the conflict of interest policy.”

“The board determines compensation of the organization's executive director by using comparable data from similarly situated non-profit organizations. Most of the board is paid by a related entity which determines compensation by collective bargaining agreements reached with the various unions. All board deliberations and decisions are documented in the board minutes that are kept on file with the organization's books and records. The compensation review process was last performed in 2015.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is 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 in the business office and college library at 500 grand concourse, bronx, new york 10451 or by calling the organization directly at 713-516-6500.”

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