Hudson Link for Higher Education In

“The organization has its form 990 prepared by an outside accounting firm. The executive director and treasurer reviews the form 990 before filing with the internal revenue service. A copy of the final form 990 is distributed to the full board of directors before it is filed with the internal revenue service.”

“The organization has a written conflict of interest policy that applies to officers, directors or trustees, and key employees who are required to disclose annually any interests that could give rise to conflict. The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy. A conflict arises when a proposed transaction, agreement, or other arrangement (including any compensation arrangement) in which one or more related parties have an interest and the corporation or any affiliate would be a participant (including any related party transaction), i.e., a cover arrangement. Related parties included a. A director, officer, or key employee of the corporation or any affiliate corporation b. Any relative of any director, officer, or key employee of the corporation or any affiliate corporation c. Any entity in which a person above has 35% or greater ownership or beneficial interest or in the case of a partnership or professional corporation, a direct or indirect ownership interest in excess of 5%. When a director, officer, or key employee has a direct or indirect interest in a covered arrangement, they a. Must immediately disclose in good faith in writing the existence and circumstances to the board or audit committee b. Must refrain from attempting to influence the deliberations or voting c. May not participate in or attend the deliberations or vote by the board of directors or audit committee”

“The executive director's compensation is approved at the end of each calendar year by the executive committee of the board of directors. Most recently, this process was undertaken at the end of 2024. The committee uses new york's nonprofit compensation survey for comparability data. Compensation is documented in an email from the committee to the operations manager who oversees our hr function.”

“The organization makes its form 1023, form 990, governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Professional fees: program service expenses 37,000. Management and general expenses 36,110. Fundraising expenses 80. Total expenses 73,190. Payroll service fees: program service expenses 0. Management and general expenses 16,197. Fundraising expenses 0. Total expenses 16,197. Speaker fees: program service expenses 15,583. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,583. Faculty/contracted instructors: program service expenses 1,160,021. Management and general expenses 150. Fundraising expenses 0. Total expenses 1,160,171.”

“Change in beginning of the year net assets -1.”

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