Leadingage New Jersey

“The form 990 is reviewed by the president/ceo and is then emailed to the finance committee to review and approve. Once the finance committee has approved the form 990, it is sent to the board of trustees for review prior to filing the return with the irs.”

“Each board member and officer signs a form annually stating that they received a copy of the conflict of interest policy and must disclose any actual or potential conflicts. Family and business relationships are expressly mentioned in the policy. A leadingage new jersey staff member collects and reviews the signed statements to ensure that all board members and officers have completed the form. Once a conflict is disclosed, the disinterested members of the board of trustees determine if a conflict of interest exists. The affected board member is not allowed to vote on any matter pertaining to the conflict of interest, and the disinterested members will decide whether appropriate action needs to be taken.”

“The goals and objectives for the president/ceo are set by the board which is comprised of executives of not-for-profit organizations. The board takes salaries paid by similiar organizations into consideration when recommending any salary increase for the president/ceo. The decisions are documented in the minutes of the meeting. Salaries for other employees are determined annually in conjunction with the review process of the upcoming year's budget during the board meeting. The board approves the aggregate amount available for salary increases, and the president/ceo determines individual salary increases.”

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

“Payroll services: program service expenses 2,177. Management and general expenses 544. Fundraising expenses 0. Total expenses 2,721. Merchant services: program service expenses 6,191. Management and general expenses 1,548. Fundraising expenses 0. Total expenses 7,739. Professional services: program service expenses 42,826. Management and general expenses 10,707. Fundraising expenses 0. Total expenses 53,533. Consultants: program service expenses 44,131. Management and general expenses 11,033. Fundraising expenses 0. Total expenses 55,164.”