Nysarc Inc - Montgomery County Chapter

“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 governors 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., montgomery county 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 alternate governor with a weighted average 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 (see part vi, line 7a below)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. Montgomery county chapter nysarc, inc.'s election procedure is as follows:the officers shall be elected for a term of one year. Directors shall be elected for a term of two (2) years. The election of officers and directors shall take place at the annual meeting each year.”

“The board of governors does not review chapters' form 990s before they are filed. Each chapter submits a copy of its form 990 to the governing body when the form 990 is filed by the chapter. Each chapter must have a process for its board of directors to review the form 990. It is the policy of nysarc inc, montgomery county chapter to have a designated board committee or individual board member be assigned the responsibility to review, approve, and sign the federal form 990 before it is filed with the internal revenue service. The finance committee will review the form 990 before it is filed.”

“All nysarc chapters are subject to the provisions of the chapter manual that delineates the policies and procedures of the board of governors. This chapter's policy is as follows: administrators and program directors are required to submit a conflict of interest disclosure form to the corporate compliance office annually, at a minimum and throughout each year as new conflicts of interest arise. All staff are required to be trained in the areas of conflict of interest and must complete and submit a conflict of interest disclosure form to the corporate compliance officer when they recognize and identify that a conflict of interest exists for them. Staff will periodically be required to be removed from participation in discussions and decision making related to their personal conflicts of interest.”

“The board reviews comparability data and a review report by independent persons as well as a compensation survey prepared by independent persons.”

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

“See list of officers and governors, who may be reached at nysarc, inc., 29 british american blvd., latham, ny 12110: thomas talbett, jr. Deb thompson dr. Thomas delaney raphael smith todd jacobson marlene sirianno peter j. Martin, esq. Ellen shanahan becker,esq. Marlene hill debrah fischer cheryl englert marcy vanzandt marie]therese frieri donald smith ellen owens judy o'rourke cheryl guild david j. Irish mary beth irish deborah wilbur marie o'horo harold j. Hoffmeier, jr. Marcia kasprzyk mary pat harris rose palmieri arthur stilwell mischelle shattuck carol kenyon sharon boyd gregory booth james blackburn stephanie dyer ronald george joanne rhode david liscomb dr. John kowalczyk joanna greco richard rima mary ann barbarino dave sebastianelli nicki french james warren nat thomas joseph zifchock randy schaal gordon eyer james cannon walter j. Hogan geoffrey doyle jill abdallah cynthia lacki shelley winters david hirtle robert kleppang polly sullivan patricia campanella anne townsend mary anne vandenburgh dorothy wheeler mike ostrander dave miller diane dearborn mary muller robert desio mary jo hebert angelo defelippo, iii barbara kania john de santo nancy cooke anne marie lockhart daniel martindale lori martindale rose mary cella donald geer lorraine costello sharon russitano joanne grant maureen dart susan lucas denise grenier peterson steve drobysh susan miller robert j. Boening sheree cross jerome isaacs al turk ida rios laura kearins saundra gumerove howard jurist edward leahy sharyn van reepinghen richard sirota audrey tarantino joseph del broccolo kenneth walker dian cifuni nelva turek rosa rodriguez joseph cassarini”

“Prior year settlements 43,199. Forgiveness of debt to affiliate -334,056.”

“The organization has not changed its oversight process or selection process of the audit of its financial statements during the tax year.”

“Tax exempt bonds are debt of nysarc, inc. Each chapter records only the portion of the bond for the project financed within its jurisdiction.”