North Los Angeles County Regional Center

“A draft of the form 990 is presented by nlacrc's independent audit firm and reviewed and approved by the administrative affairs committee. After approval by the committee, the independent audit firm presents the form 990 to the board of trustees for their approval. The form 990 is filed once the full board of trustess reviews and approves the form 990.”

“The board trustees and employees must complete and sign a "conflict of interest" document when appointed or hired and annually thereafter by august 1 of each year. The signed documents for employees are reviewed and maintained in the employees' personnel file located in the human resources department. The signed documents for board trustees are reviewed and maintained in the administration office. A copy of the signed documents for board members and the executive director are submitted to the department of developmental services. (see conflict of interest resolution process for board members.) if a potential or current conflict of interest is identified that cannot be eliminated, a plan that proposes mitigation measures is developed and submitted to the department of developmental services.”

“Officer and key employee compensation is determined through review and approval by the board of trustees. The executive director's compensation is reviewed annually by the executive director compensation committee and approved by the board of trustees. Initial compensation for the chief financial officer is approved by the board of trustees. Compensation for executive management staff is reviewed 1)upon hire, and 2) if they receives a salary adjustment at a different rate than other management staff members. Compensation is based on salary surveys and research of other regional centers and comparable organizations.”

“The form 990, the form 1023, the determination letter, the articles of incorporation, and the bylaws are all available upon written or verbal request to anyone who inquires to the center. Governing documents are also available at the center's office. Additionally, the form 990 and financial statements are posted on the organization's website. The organization's conflict of interest policy and forms for employees with a conflict of interest are also posted on the website.”

“Pursuant to the terms of the dds contract, equipment purchases become the property of the state and, accordingly, are charged as expenses when incurred. For the year ended june 30, 2024 equipment purchases totaled $133,990.”

“Health care and pension plan-related changes other than net periodic post-retirement benefit income 15,584,670.”

“The organization did not change its oversight process or selection process during its tax year.”