North East Community Council Inc

“Before filing, the full form 990 is reviewed by the financial staff, the finance/audit committee, the executive director and the board chair; the board development committee provides input to part vi, sections a and b, and the proposed final form 990 is provided to, reviewed by, and approved by the full board before filing.”

“Upon election or hiring and each year thereafter, each director, officer and key employee receives a copy of the organization's conflict of interest and related party transaction policy ("conflicts policy") and is required to sign a declaration attesting to his or her understanding of the conflicts policy and affirming current and future compliance with it. Any potential conflict is to be disclosed promptly to the board chair or audit committee chair and a board meeting is called to discuss the potential conflict. The concerned party may not be present for the board discussion of the matter at issue or its determination of the proper course of action, although the board may allow the individual to be present to provide needed additional information to the board before its commencement of deliberations. The existence and resolution of the conflict is to be documented in the corporation's records, including the minutes of any meeting in which the conflict was discussed or voted on. Any director, officer or key person who has an interest in a related party transaction shall disclose in good faith to the board or authorized committee thereof the material facts concerning such interest. The organization shall not enter into any related party transaction unless the transaction is deteremined by the board or authorized committee thereof to be fair, reasonable and in the organization's best interest at the time of such determination.”

“The organization's process for determining the annual compensation of the executive director (ed) is as follows: the board chair secures both a self-evaluation from the ed and completed ed evaluation forms from board members. Proposed ed and organizational goals are established annually by the board chair with the ed, approved by the board, and used in part to evaluate ed performance. The executive committee reviews the aforementioned annual goals and evaluations as well as comparable salaries in the region (for similarly qualified persons in functionally comparable positions with nonprofits of similar size and mission); secures from the finance committee the range of salary funding capacity and recommends the compensation to the full board based on all the above information. Following full board discussion in executive session of the factors supporting the executive committee recommendation, the board determines and approves the ed compensation for the following year. No member of the board of directors receives compensation. The ed is the only employee meeting the defintion of a "top management official". There are no key employees.”

“Necc provides copies of its 990 and char 500 on its website, and they are available by submitting a request to the executive director by email ([email protected]) or regular post (51 south center street/po box 35, millerton, ny 12546). Our financials are also available by request from the nys charities bureau.”

“Gain (loss) on beneficial interest in foundation 16,374.”