Life'S Worc Inc

“The 990 is presented to the finance committee of the board of directors in draft format by the ceo and cfo. Each page of the 990 is reviewed at this time. The finance committee approves the 990, with the final copy being shared with the entire board of directors at the next regularly scheduled board meeting.”

“All board members, officers, key and highly compensated employees are required to complete a conflict of interest disclosure form. The agency's conflict of interest policy is reviewed annually at a board meeting. If a conflict exists where a board vote is required, the member with the conflict is recused from participating in the vote.”

“The organization uses an outside independent accounting consulting firm to perform a compensation analysis for the ceo/executive director, associate executive director and chief financial officer. The compensation analyses include compensation surveys based upon the compensation and fringe benefits reported on the 990 tax returns of comparable agencies in the industry. The results of this compensation analysis are presented to the executive committee (acting as compensation committee), who review the analysis to determine appropriate compensation levels and ensure compliance with the due diligence guidelines as outlined in irc 4958.”

“See response to part vi, line 15a.”

“The organization's 990 tax returns are available on the guidestar.org website. At the request of potential and existing partners, we provide audited financial statements, 990 tax return and our conflict of interest policy.”

“Life's worc provides residential supports and community services to hundreds of individuals throughout queens, nassau and suffolk counties in new york. Our person-centered philosophy is incorporated into the day to day program operations and we ensure that regardless of the level of ability of physical handicap, each and every person lives an enviable life rich in connections with family, friends, community participation and personal choice.”

“Msc - provides person-centered planning approach to develop, implement and maintain an individualized service plan (isp) designed to assist a person meet desired life goals, which may include expanding circle of supports, seeking gainful employment, locating available resources and providing advocacy. Family support services/respite recreation - provides programs in queens and long island designed to offer children, teens and young adults with i/dd and autism with opportunities for social connections. These recreational venues focus on development of social skills and are age specific activities integrated in the local communities. Customized employment - provides supports and assistance to individuals with i/dd and autism with innovative job development based upon the individual skill sets and the needs of the employer. The goal is to match an employer with a job applicant leading to competitive employment opportunities. Behavior intervention services - provides progressive and innovative solutions and support to families and school districts throughout queens, nassau, suffolk and bronx regions. Utilizing applied behavioral analysis (aba) approach, the supports incorporate opportunities for learning across all settings and environments for individuals who may have significant or challenging behavior and need specialized supports.”

“In april 2015, the financial accounting standards board (fasb) issued accounting standards update (asu) 2015-03, interest - imputation of interest (subtopic 835-30): simplifying the presentation of debt issuance costs. Asu 2015-03 requires that debt issuance costs be presented as a direct deduction from the carrying amount of the related debt liability, consistent with the presentation of debt discounts. Prior to the issuance of asu 2015-03, debt issuance costs were required to be presented as deferred charge assets, separate from the related debt liability. Worc has adopted asu 2015-03 during the year ended june 30, 2017. As of june 30, 2017 and 2016, deferred bond issuance costs of 1,166,607 and 1,279,085, respectively, are netted against bonds payable on the consolidated statements of financial position.”