Council for Older Adults

“Once the 990 is prepared for signature, it is provided to the Board of Directors for review and feedback, once feedback is received the report is finalized and endorsed by the President of the Board and submitted to the IRS.”

“Board Directors and Employees must disclose all financial interest in any property which SourcePoint purchases or has a direct or indirect interest in a supplier, contractor, grantee, consultant or other entity with which SourcePoint does business. Since it is not possible to write a policy that covers all potential conflicts, board directors and employees are expected to be alert for , disclose and, where possible avoid situations which might be construed as a conflict of interest. Any possible conflict of interest on the part of any board director should be disclosed to the other board directors and made a matter of record, either through an annual procedure or when the interest becomes a matter of board action. Any board director having a conflict of interest or possible conflict of interest should not vote or use his/her personal influence on the matter, and he/she should not be counted a part of the quorum for the meeting for the purpose of the vote. The minutes of the meeting should reflect that a disclosure was made, the abstention from voting and the quorum situation. These restrictions should not be construed as preventing the board directors from briefly stating his/her position in the matter, nor from answering pertinent questions of the other board directors, his/her knowledge could be of assistance to the deliberation. All board directors are required to complete the "Conflict of Interest Statement". This policy will be reviewed by the board annually and all directors will be required to complete and sign a "conflict of interest statement" during orientation.”

“The organizations governing documents and conflict of interest policy are available upon request. The organizations audited financial statements, tax returns, annual report and inspection reports are all available to the public on it's website.”

“Annually, the executive committee of the board of directors serves as a committee to review the executive directors performance and compensation. As part of the performance appraisal process, the committee seeks input of all board members and compiles a report which is presented to the full board. The committee annually reviews compensation data from outside sources, such as national data from GuideStar and state data from the Ohio Association of Non-Profit Organizations (OANO), as well as the Ohio Department of Job and Family Services labor market index. The committee does this review independent of the executive director and makes a report and recommendation to the full board in executive session without the participation of the executive director. Upon the approval of the full board, the employment agreement is amended accordingly and the compensation is adjusted as indicated for the following year.”

“The organization has an audit committee separate from the finance committee and comprised of members of the board of directors that oversees the selection of the independent audit firm and meets annually with the audit firm at the conclusion of the financial audit. In addition the audit is reviewed annually by the Auditor of State.”