Watch Inc.

“The Board of Directors authorized the Audit Committee to review and approve the form 990 prior to its filing. The Form 990 was then authorized and signed by the Organizations Executive Director.”

“The Board of Directors requires an initial declaration from all board members and senior management as to the existence and disclusure of any potential conflicts of interest. The Board members sign a disclosure statement. Any potential conflicts are discussed by the dis-interested board members, while the party in potential conflict is required to abstain from voting on the related issue. Board meeting minutes will document the discussion and decision making process. In the event of a potential conflict, procedures to obtain competitive bids and diligence on fair market value will be established.”

“The Executive Directors Job encompasses the work of a CFO and all other management. Decisions regarding compensation were handled by the executive committee at the time of hire. The annual salary was based on what the board felt was affordable for the organization at the time of hire. It was understood that the salary offered was lower that the industry standard. The hiring decision was approved by the board of directors at that time, which approves the annual budget that also shows compensation of the Executive Director each year. Staff salaries for program staff are on the low end of the industry standard. The Board decided not to increase salaries until it believes the organization will have the resources to do so.”

“The Board of Directors established a compensation for the other employees that was within the range of organizations similar in size and scope to WATCH CDC.”

“The Organizations 990 forms, PC form, financial statements and other governing documents are available for public inspection, upon request, at 24 Crescent Street, Room 201, Waltham, MA 02453”