United Way of Northern New Jersey Inc.

“Reviewed by the audit and financial policies committee, which is comprised of board members and community volunteers. The draft form 990 is circulated via e-mail to the audit and financial policies committee for review, where form 990 is finalized, signed and filed with the irs. After filing, the 990 is made available to the board and the public to view.”

“On an annual basis, all board members and employees are required to review and sign the code of ethics and conflict of interest policy. This comprehensive document outlines all parameters under which board members should act. It is intended to serve the best interests of the organization. In addition to the self-governing purpose of the document, matters which come to the attention of the board or management at united way of northern new jersey that may be in conflict with the guiding principles are reviewed and discussed at governance committee to determine whether further action needs to be taken.”

“On an annual basis, the ceo evaluation and compensation committee conducts a performance review of the ceo. The ceo evaluation and compensation committee is charged with reviewing performance against desired metrics, discussing the results with the ceo and reporting the results to the board. If an increase in compensation is warranted, the ceo evaluation and compensation committee reviews comparable data from other similar scoped non profit organizations as well as data from national labor databases. The increase in compensation is proposed and approved at board level. Documentation of the process is maintained in the hr files. On an annual basis, all staff, including senior and key staff, undergo a performance review by the ceo and where appropriate, committee members. Their performance is measured against desired outcomes, results are discussed with them. If an increase in compensation is warranted, the ceo will review data from comparable non profit organizations as well as data from national labor databases. The increase in compensation is approved by the ceo. Documentation of the process is maintained in the hr files.”

“The information is available upon request.”

“Allowance for uncollectables -108,542. Transfer of assets from merger entity 169,119.”

“The organization has an audit and finance committee which is a subcommittee of the board. It is responsible for the review of the financial statements and 990 return.”

“Acquisition of united way of millburn short hills: effective january 1, 2014, united way of northern new jersey acquired the united way of millburn short hills, a non profit organization affiliated with united way worldwide that serviced the towns of millburn and short hills. The two entities shared a common mission and through the combination, are able to achieve economies of scale and other synergies through integrating their services. In conjunction with the acquisition, the assets, liabilities and net assets of the united way of millburn short hills were transferred to the united way of northern new jersey. The net assets transferred totaled $169,119 consisting primarily of cash and equivalents.”