Regional Economic Community Action Program Inc.

“Article 11. Section viii. Recap amended their by-laws during its fiscal year. The following was amended; representatives serving the poverty sector shall be elected to a three year term. The private sector representatives shall be chosen for three year terms. Public representatives shall serve two year terms, as long as that public official is holding office. Members may not serve more than 15 consecutive years excluding public sector members. Any past member whose term has expired may continue as a board member emeritus and may attend meetings and participate in conversations but such member is not a member for purposes of voting or quorum.”

“Recap, 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, reviewed by management and is ready to be filed with the internal revenue service, it is electronically sent to the finance committee of the board of directors for any comments. Any comments are then grouped, summarized and provided to the outside accountants. Each issue is documented and addressed until the return is finalized. After the finance committee finalizes the 990, it is sent to the full board for approval to file.”

“Annually, officers, directors, and employees of the organization must sign a conflict of interest statement. Should a potential or actual conflict of interest occur for a director or officer of the board of directors, said director or officer of the board shall be requested to make a choice of removing him/herself from the conflicting situation or of resigning from the board. If an employee becomes aware of a potential conflict, then they must immediately notify their supervisor and appropriate action will be taken, if necessary.”

“A job analysis is a process for gathering, documenting and analyzing information in order to accurately describe the jobs performed at recap. The basis of a job analysis is the job description. It describes the essential functions of a job as well as the frequency and importance of all tasks and responsibilities associated with a particular job. Research ensures that the wages recap pays has not been created in a vacuum. This is done by obtaining three surveys (local, state and national) for each job, matching the job the best you can. Salary ranges are based on the research and hierarchy of the job descriptions. The rest of this process is devoted to examining recap's internal equity amongst its employees and their pay. Recap's compensation philosophy should drive the creation of the ranges and how to group the jobs together. Existing salaries are then placed in the salary range to see where they fit. There may be employees who are not in line with the ranges that recap has established. - for salaries above the maximum rate recap may consider (1) offering the employee a bonus that is roughly the amount of what the base pay increase would have been at the time of an increase. This satisfies the employee without raising his or her base pay even more. (2) explore developmental opportunities to promote the employee into the next pay grade. (3) make the employee ineligible for further salary increases or lower the employees base pay to bring in line with the range. This must be done with the understanding that this will likely lower employee morale and motivate the employee to pursue employment elsewhere. - for salaries below the minimum rate need to be "bumped up" to at least the minimum of the range or provide an opportunity to move to a job in the grade above them. Salary survey data should be gathered every two to three years so that appropriate adjustments to the salary ranges can be made. While markets can vary, recap, inc. Increases the salary ranges when a cost of living adjustment is made.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code by posting it 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 at 40 smith street, middletown, ny, 10940...or by calling the organization directly at (845)-342-3978.”

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