Newark Alliance Inc.

“This organization's federal form 990 was provided to each voting member of its governing body, its board of trustees, prior to filing with the internal revenue service ("irs"). In addition, the board of trustees, as well as the senior management of the organization, have assumed the responsibility to oversee and coordinate the federal form 990 preparation, review and filing process for the organization. As part of the organization's federal form 990 tax return preparation process, the organization hired a professional certified public accounting ("cpa") firm with experience and expertise in not-for-profit tax return preparation to prepare the federal form 990. The cpa firm's tax professionals worked closely with the organization's finance personnel to obtain the information needed in order to prepare a complete and accurate tax return. The cpa firm prepared a draft federal form 990 and furnished it to the organization's chief executive officer for review. The chief executive officer reviewed the draft federal form 990 and discussed questions and comments with the cpa firm. Revisions were made to the draft federal form 990 where necessary and a final draft was furnished by the cpa firm to the organization's chief executive officer for final review and approval prior to presentation to the board of trustees and filing with the irs.”

“In the normal course of business operations, management maintains an awareness of business transactions for conflicts of interest both when structuring transactions and during the transaction approval process. As such the business environment supports disclosure prior to approving transactions so that appropriate steps can be taken as an ongoing monitoring step. For example, prior to board or committee action on a contract or transaction involving a conflict of interest, a trustee, employee or committee member having a conflict of interest and who is in attendance at the meeting shall disclose all facts material to the conflict of interest. Such disclosure shall be reflected in the minutes of the meeting and acted upon consistent with the conflict of interest policy. In addition, both trustees and employees of the newark alliance are aware of the company's position on conflicts of interest. Annually, the "conflict of interest trustee-officer-employee disclosure statement" is provided for signature attesting to the following: the policy has been received; the policy has been read and understood; agreement to comply with the policy; all known conflicts have been disclosed; and the implications to the corporation's charitable and tax-exempt status are understood.”

“The governing documents, conflict of interest policy and financial statements are maintained at the corporate office and are open to inspection at all times.”

“An independent cpa firm audited the financial statements of the taxpayer for the years ended december 31, 2016 and december 31, 2015; respectively, and issued a certified audited financial statement. An unqualified opinion was issued by the independent cpa firm each year. The board of trustees assumes responsibility for oversight of the audit of the taxpayer's financial statements and the selection of its independent auditor.”

“Description:contracted services total fees:337355”