Montclair Early Childhood Corp

“Once Form 990 is prepared, the Treasurer (a board member) and the Executive Director (Senior Staff) reviews the document to ascertain that it corresponds in all aspects to the Fiscal Years audited financial statements of MECC.”

“Each director, principal officer and member of a committee with governing board-delegated powers shall annually sign a statement that affirms such person:a. Has received a copy of the conflict of interest policy,b. Has read and understands the conflict of interest policy,c. Has agreed to comply with the policy, andd. Understands MECC is charitable and in order to maintain its federal tax exemption it must engage primarily in activities that accomplish one or more of its tax-exempt purposes.”

“Compensation for the Executive Director is determined under a process whereby the Board or a subcommittee of the Board endeavors to determine first, the compensation range of elementary school principals in the Montclair public school system by contacting people within the system who the Pre-K have long-standing relationships with and who have access to that information. Secondarily, the Board relies upon certain Pre-K senior staff to conduct occassional informal surveys of other local pre-schools to determine the compensation range of executive directors. The compensation of the Pre-K Executive Director then falls within a range between those parameters, based on performance. The performance of the Executive Director is determined based upon criteria established by a subcommittee of the Board and the Executive Director at the beginning of the performance cycle. Actual performance is considered against the established performance criteria and increases in compensation are given accordingly. In most years, the Board subcommittee has a total percentage increase that is possible for the Executive Director to attain. The proportion of that percentage given as an increase is directly related to the results of the performance review. In other years, as a non-profit, there is no additional money that can be allocated to salary increases irrespective of what a performance review would indicate. This financial situation is generally known far in advance by the Executive”

“Same as Executive Director”

“Upon Request”

“Line 1Montclair Early Childhood Corporation was formed for the purpose of developing child care programs to promote and assist the continuous educational, physical, social and intellectual growth and general well being of the children of the community, regardless of ability to pay.”