Nysarc Inc Ulster Greene Putnam County Chapters

“The organization recently approved changes to its by-laws resulting in a reduction in the size of its board. Prior to this change, each chapter was entitled to between 1 and 6 seats on the board of govenors based on that chapter's membership resulting in a board of approximately 150 members. The new structure caps the size of the board at one for each chapter, who now receive a weighted vote of between 1 and 10 based on a published chart of the number of members.”

“Nysarc, inc. Is a unitary corporation consisting of its 52 chapters. Nysarc, inc. Ulster-greene chapter is one division of the corporation. The corporation and chapter's governing body is the board of governors representing the individual membership in each chapter's jurisdiction. Each chapter has one primary and one governor with a weighted vote based on membership. The corporation through its bylaws delegates day-to-day operating authority to the chapter's board of directors. The executive committee of the board of governors comprises the corporation's elected officers and exercises all powers of the board of governors between plenary meetings of the governors.”

“The organization's members elect the officers and directors of the chapter annually. In turn, those chapter board members nominate the officers and directors of the corporation.”

“All nysarc chapters are subject to chapter manual that delineates the policies and procedures of the board of governors.”

“The form 990 is first reviewed and approved by management and audit committee. During the review the committees will discuss with the management any issues, concerns or recommendations resulting from the completion of the 990 tax return. Upon approval, the form 990 is distributed and presented to all arc of ulster-greene board members. Once filed, a copy of the form 990 is provided to the board of governors of nysarc, inc.”

“The governing board and executive management complete an annual conflict of interest self-disclosure form. In addition, the chapter has an anonymous hotline which goes directly to the corporate compliance officer. The corporate compliance officer conducts an investigation if any conflicts of interest arise. If a member of the governing board or executive management has a conflict of interest, that person will be excluded from discussion or voting.”

“The executive committee of the board of directors performs the compensation review of the chief executive officer, advises the board with respect to senior management succession planning and recommends to the board of directors the compensation package of the executive director. This process was last done in 2017.”

“The governing documents, conflict of interest policy, and financial statements are available to the general public upon request.”

“Change in equity interest in arc foundation 120,706. Loss on extinguishment of debt -78,296.”

“The audit committee assumes responsbility for the oversight of the audit. This process has not changed from the prior year”