Connect Association

“Form 990 is first reviewed by the organization's accounting department and audit committee where it is compared against audited financial statements. Form 990 is then forwarded to the ceo for his review, with emphasis on non-financial information contained in the tax return. Once authorized by the ceo, the form 990 is sent to the audit committee for approval. Once approved, it is distributed to the full board for comments. Lastly, the tax preparer is notified that the form 990 is ready to be filed.”

“Officers, directors, trustees and key employees are required to disclose potential conflicts of interest when discussing or voting on an issue where a conflict exists. Where a perceived conflict exists that is not raised this is addressed with the individual and the individual is asked to abstain from voting or actions that would create a conflict.”

“A compensation committee made up of executives from various professions evaluate the ceo's salary annually. They compare his salary to comparable non-profit companies in the region using the "charity navigator ceo compensation study" the ceo's salary is adjusted upward based on meeting certain milestons and growing the association. The ceo is responsible for developing organizational goals and recommending to the compensation committee an annual bonus pool amount. The compensation committee will review and make a recommendation to the executive committee of bonus eligibility criteria and the size of the bonus pool. The final review and approval will be made by the executive committee. The connect executive committee may adjust the eligibility criteria and/or increase/decrease the amount of bonus payout based on circumstances that may occur during the year.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. The form 990 is also available on www.guidestar.com.”

“There have been no changes from the prior year by organization's committee that assumes responsiblity for oversight of the audit of the organization's financial statements and selection of an independent accountant.”

“Method used to determine related organization transaction amounts: the amounts entered on schedule r (transactions with related organizations) were derived from the notes to the fye 6/30/2014 audited financial statements.”