Dependency Advocacy Center

“In march 2024, the organization amended its bylaws. Changes included the board size to up to 15 members, removed language referencing immediate past chair, added in vice chair.”

“The chief executive officer and chief operating officer prepare the information used by the tax preparer for the form 990. Upon receipt of the draft form 990, and before filing, a complete copy of the form 990 will be provided electronically to the board for review. The board has open access to all of dac's financial records, including, but not limited to, payroll reports, quickbooks, and tax filings.”

“Dac's conflict of interest policy, signed by all board members, requires disclosure of any conflicts of interest. The conflict of interest policy covers all board members and all employees. Items covered include financial interests, inside information, gifts and favors, and direct reporting relationships with family members. There is an annual board reporting process. Each board member signs the statement. Any conflicts for the board should be reported to the board chair and any conflicts for employees should be reported to the hr manager. Action for conflicts varies from simple disclosure to directed action. Where a potential conflict of interest exists, it shall be the responsibility of the person involved or any other person with knowledge to notify the board of trustees of the circumstances resulting in the potential conflict so that the board of trustees can provide such guidance and take such action as it shall deem appropriate. No trustee who directly or indirectly is involved in a potential conflict is considered, nor shall the trustee vote on any action of the board regarding that potential conflict.”

“The ceo's salary is approved by the organization's board of directors. The board makes its determination by looking at several factors, including the organization's funding/budget considerations, the ceo's performance, and industry standards. During the compensation discussion, the ceo excuses herself from the board meeting. The coo's salary is determined by the organization's ceo. The ceo makes salary determinations by looking at several factors, including the organization's funding/budget considerations, the coo's performance, and industry standards. Additionally, the organization's board of directors approves the annual budget which includes any salary increase for the coo. During the compensation discussion, the coo excuses herself from the board meeting.”

“Dac's governing documents and conflict of interest policies are on file with the state. Those items, in addition to our financial statements, are always available to the public upon request. Tax return (form 990) information is available on the nonprofit website, www.guidestar.org.”