Neighborhood Centers Inc

“The Form 990 is first reviewed by both the Chief Financial Officer and the Controller. A copy is then provided to the Finance and Administration Committee for its review and approval prior to filing with the IRS.”

“As stated in the Agency's Board of Directors' Policies, "Each Board Member must disclose any relationship from which a conflict may arise. A Board Member who fails to disclose a potential conflict of interest, after allowed the opportunity to provide an explanation, will be subject to appropriate disciplinary action should the Board find the member negligent in his/her duties." Board Members, Officers and certain employees are required to complete an Annual Disclosure Statement to report all actual, perceived and potential conflicts of interest that have arisen as a result of their service or employment with the Agency. The Annual Disclosure Statement must be completed and returned in a timely manner. Board Members, Officers and certain employees are also required to provide notice to the President & CEO of actual, perceived or potential conflicts of interest as they occur throughout the year. The Board, or a Committee so designated, will periodically review conflicts of interest for continued approval.”

“The Compensation Committee of the Board approves the compensation for key executives based on salary surveys of CEO & CFO positions of similar sized non-profit organizations along with the review of the Form 990 information of other non-profit organizations.”

“The Compensation Committee of the Board approves the compensation of other officers and key employees based on salary surveys of positions in similar sized non-profit organizations along with the review of the Form 990 information of other non-profit organizations.”

“Neighborhood Centers Inc. will provide information to the public upon request in compliance with the Open Records Act.”

“The organization's audited financial statements combine the activity of five entities which file separate returns. In preparing the 2012 return, the organization inadvertently omitted amounts for receivables and fixed assets. The beginning balance sheet reported in Part X has been restated to correctly reflect the organization's fixed assets as of December 31, 2012. The net effect of these adjustments is to increase the organization's net assets by $6,118,985.”