Associated Services for the Blind Inc

“The Board of Directors has approved the following procedure for the preparation, review and approval of the organization's IRS 990 Tax Form at its meeting. - The IRS 990 Tax document is prepared by the organization's Audit Firm with the assistance from the organization's Chief Financial and Administrative Officer - The organization's Chief Financial and Administrative Officer will work with the organization's Development / Fundraising Department as well as with agency Program Directors to draft / review all narrative documentation that is to be presented on the IRS 990 Form - Once the draft of the form has been completed and undergone review by the Audit Firm, a copy is forwarded to the organization's Chief Financial and Administrative Officer for review. Both the President & CEO and Chief Financial and Administrative Officer will draft any recommended changes / corrections and discuss with the Audit Firm - A copy of the revised draft will be forwarded to the Chief Financial and Administrative Officer for review to assure that all changes / corrections have been completed. After review, a copy of the drafted document will be forwarded to all Audit Committee Members and the Board Chairman for review and approval. (If there are any changes / corrections; the CEO & President / Chief Financial and Administrative Officer will be notified to contact the Audit Firm to make the necessary changes.) - CEO & President will officially sign off on one copy of the IRS 990 along with Form 8879-EO IRS e-file Signature Authorization for an Exempt Organization. - Chief Financial and Administrative Officer will return the Form 8879-EO to the organization's Auditors so that the organization's 990 can be filed electronically with the IRS. A copy will be forwarded to the board chair and board treasurer (Copies are available upon request.)”

“Conflict of Interest Statements are provided to board members on an annual basis. Updated statements are required from board members only if their existing information on file has changed. New board members are provided with a Conflict-of-Interest Statement in their welcome packet and are required to submit their statements prior to the next scheduled board meeting.”

“A. The organization's CEO, Executive Director, or top management official The Executive Committee of the Board determines the compensation of the organization's President & CEO on an annual basis. To make an informed decision, the committee may gather information encompassing both financial and organizational matters in which the President & CEO plays a key role. Once a decision is made, the Board Chairman meets with the President & CEO to relay the outcome and then sends an official letter with a copy to Human Resources for further processing. B. Other officers or key employees of the organization - Performance appraisals are conducted at least once annually.”

“All organizational governing documents and financial statements are available to the public upon request. VisionLink's IRS 990 Form can be found online at Guidestar.com and on Charity Navigator. It is also available upon request.”

“Professional fees: Program service expenses 194,009. Management and general expenses 370,797. Fundraising expenses 123,514. Total expenses 688,320.”

“Transfer of Assets to Affiliate -16,676,470.”