Heating Energy Assistance Team Inc

“The completed form 990 is presented by the treasurer for a critical review and approval by the entire board of directors at a regularly scheduled quarterly meeting prior to the extended due date of the return. The return is prepared following acceptance of and in compliance with a completed audit by an independent accounting firm which reviews the previous year's form 990 as part of its audit procedure.”

“Annually, the organization requires each of its directors to disclose any interest that could give rise to conflicts. The disclosure statement provides examples of possible conflicts of interest that could arise in the counduct of the organization's activities.”

“Annually, the board's finance committee, and after its recommendation, the entire board, review as part of the organization's budgetary procedure the compensation of the organization's executive director, who is the only key employee of the organization. The board is independent of the director and considers comparability data in light of the executive director's duties and responsibilities. The organization's financial position is also considered: the board policy of limiting operating expenses (not including direct assistance) to 20% of unrestricted income. The written line-by-line budget is approved by committee and submitted to the entire board, with accompanying historical and analytical data, for modifications and final approval. The report, or recommendation of the finance committee, as well as the board's subsequent deliberation, are contemporaneously recorder in the board minutes.”

“The organization makes its form 1023, policy statements, and annual form 990 available to anyone who requests such documents regardless of the manner of the request by providing them with a reproduction of the organization's filing copy and, if requested, written policy statements.”

“The organization prepares the form 990 on the modified cash basis, which is the same basis of accounting used to prepare its internal financial reporting and audited financial statements.”