Persad Center Inc.

“Our independent auditors prepare and deliver a draft of the form 990 to the executive director of persad and it is available to all members of the board of directors for their review. Everyone is given time to review the draft form 990 and respond to the audit committee who conveys to our auditors with their comments. After this period, all appropriate edits are made to the draft form 990. The final edited version is then filed with the internal revenue service.”

“Annually, all board members are provided with a copy of persad's conflict of interest policy to read, review, and sign. All board members are required to disclose all current conflicts and any other conflicts as they arise. This way management and the board can monitor all conflicts and enforce the conflict of interest policy on a current basis.”

“Any compensation increase for any persad center employee is based on a salary increment range approved by the board of directors as part of the annual budget review process. The budget review also includes consideration of any benefit packages such as health insurance, retirement, etc. The compensation of our organization's executive director is reviewed bi-annually as part of the individual's performance review process. Board members are invited to provide input on the evaluation of the performance of the executive director and the bo ard president completes a written report of this feedback. The report is reviewed by the executive committee of the board and then reviewed with the executive director. Based on the evaluation, a recommendation for compensation is made that is in keeping with the range of salary increase being offered to all employees.”

“Persad will provide copies of governing documents, conflict of interest policy, and financial statements to the public upon request.”

“Postage and mailing: program service expenses 8,099. Management and general expenses 584. Fundraising expenses 1,359. Total expenses 10,042. Staff development: program service expenses 4,272. Management and general expenses 0. Fundraising expenses 2,815. Total expenses 7,087. Dues and subscriptions: program service expenses 1,115. Management and general expenses 59. Fundraising expenses 1. Total expenses 1,175.”

“Process has not changed from the prior year.”