Asista Immigrant Assistance

“The organization's form 990 is prepared by an outside accounting firm. The executive director and financial & operations manager review and provide feedback if necessary on a copy of the 990 to the outside accounting firm. A copy of the form 990 is then shared with finance committee which includes the executive director, financial & operations manager, board treasurer, and another member for review. Finally, a copy of the form 990 is sent to all board members for review and invite them to a meeting with the audit firm and finance committee. The audit firm will join the finance committee meeting to walk through the 990 in detail and answer any questions from board members prior to filing.”

“The organization has a conflict of interest policy which covers all directors, officers, and committee members with board-delgated powers. Such persons are required to annually sign a statement and disclose any potential conflicts of interest. Conflicts are determined and reviewed by the board of directors or committee with board-delegated powers that is considering the proposed transaction or arrangement. Persons with potential conflicts must leave the meeting while the conflict is determined, discussed, and voted upon.”

“The organization has a process for determining the compensation of the executive director as follows: the executive committee of the board obtains research and used comparability data including 1) salary and benefit compensation studies by independent sources; 2) written job offers for positions at other national organizations, 3) documented discussions with others, 4) telephone calls about similar positions at both non-profit and for-profit organizations, and 5) information obtained from the irs form 990 filings of other national immigrant assistance organizations. The executive committee makes a recommendation to the full board and the deliberations and decision are documented in the minutes of the meeting during which the compensation is approved. This process was last undertaken in 2020. Since then, the only changes in compensation have been cola increases.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is also posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon request.”

“The organization's finance committee assumes responsibility for oversight of the audit of the organization's financial statements and the selection of an independent accountant. The process has not changed from the prior year.”