Anchor House Inc.

“Anchor House's bylaws were amended on March 23, 2018. A summary of the significant changes follows. The mission statement was reworded to read "The mission of Anchor House is to provide a safe haven where abused, runaway, homeless and at-risk youth and families are empowered to succeed and thrive." The Board positions of 1st Vice President and 2nd Vice President were replaced by a single Vice President. The duties of the President were expanded to include participating in an annual performance review of the Executive Director, with the Board Vice President and other designated Board members. The duties of the Secretary were revised to have overall responsibility for the seal of Anchor House which shall be kept at Anchor House with the business manager. The duties of the Treasurer were expanded to include reporting on financial and budgetary matters to the Board at regular meetings. The Board established a position of Director Emeritus. The position is conferred at the discretion of the Board. A Director Emeritus will be entitled to attend board meetings and other functions normally reserved for full Board members and to participate in discussion of issues before the Board with the understanding that the Director Emeritus may not cast votes or otherwise participate in formal action of the Board. The duties of the Finance Committee were expanded to include reporting at regular meetings of the Board, in conjunction with the Treasurer, on financial matters. A HR/Staff Retention Committee was added with duties including the development and revision of an employment manual and conducting the annual review of the Executive Director. A Fundraising Committee was added with the responsibility to identify and achieve fundraising goals and opportunities. The Program Committee was replaced by a Program and Advocacy Committee with the responsibility to support existing programs and identify with the ED opportunities to develop or modify programs consistent with the agency's mission. The board was given the power to establish additional Ad-Hoc Committees as appropriate in order to advance the agency's mission. Confidentiality and Indemnification Clauses were added to the bylaws.”

“After the 990 is received from the preparers, it is distributed to the finance committee for review. Once the finance committee has reviewed the 990 it is presented at the next board meeting for approval before it is filed.”

“Beginning in December of 2009, every officer and director was given an annual independence questionaire to monitor their independence. No conflicts have been noted. If a conflict does arise, the person shall notify the board president; they shall not partake in discussions, direct or indirect, regarding such issues and shall not vote on said issue.”

“During the fiscal year ended 6/30/09 Anchor House welcomed a new executive director. A committee was established from the board of directors to hire a new director and determine her salary. The new executive director's salary was approved by the entire board as part of the budget for the following fiscal year. In addition, Anchor House paid an outside firm in May 2009 to conduct a salary study for all employees of Anchor House, including the executive director. This process was documented as part of the board minutes. Anchor House conducted an updated salary study in January 2018 to review salaries. The executive director has an annual review every September by members of the board. Salary increases are approved annually by the board as part of the budget. There were no other officers or key employees of the organization therefore question 15b has been answered "no".”

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

“The organization has not changed the process of overseeing the audit or selecting an independent accountant.”

“Although not required for federal purposes, the Organization does undergo a Single Audit as required by the State of New Jersey.”