Somersworth Early Learning Center

“For the tax year covered by this Form 990, the Organization engaged an independent public accounting firm to provide tax preparation and compliance services. With the assistance of the Organization and its internal books and records, the Firm prepared a draft of the annual Form 990. The Form 990 was then circulated among and reviewed and approved by the Organization's officers and board of directors prior to filing.”

“The board of directors performs an annual review of conflicts of interest. Board members are required to disclosed any actual or perceived conflicts to the board at large, and may then be required to recuse them themselves from any discussions, votes, or governance decisions that may involve a member and a topic or matter subject to a potential conflict of interest.”

“The Organization does not offer or pay any compensation to a CEO, executive director, or top management official. All such duties are performed by the Organization's Board of Directors and Officers without remuneration and on a volunteer-basis.”

“All organizing and operating documents are available to the public upon request.”

“For its year ending December 31, 2022, the Somersworth Early Learning Center ("SELC") began discussions with the Granite Young Men's Christian Association ("TGY") for a possible future merger between the two organizations; SELC already operates in facilities largely associated with TGY, and the organizations believe that consolidating their respective operations under one entity may result in an overall improvement in SELC's ability to further its charitable mission. To prepare for this potential merger and to implement any necessary improvements in record keeping or operational deficiencies, SELC entered into a consulting agreement with TGY. The purpose of the agreement was for TGY to provide operational support; leadership development; crisis management; investigative support; budget and fiscal support; and guidance on employee and governance best practices. Given the positive and mutually productive relationship between the two organizations (which was only strengthened through the agreement), it is the intention of both organizations to enter into a consolidating merger agreement at some point in the 2023 tax year.”