Cincinnati-Hamilton County Community Action Agency

“The agency's form 990 is provided to the finance and executive committees, as well as the board. The return is reviewed by caa executives and full board; approved by the finance committee.”

“The agency annually obtains a written caa board of directors conflict of interest statement from each director. Processes are in place to ensure that the agency is in compliance pursuant to article ix of the cincinnati-hamilton county community action agency board of directors by-laws.”

“The board periodically obtains comparable data on other local non-profit executive directors and on other caa executive directors to ensure that the compensation of the president/ceo is appropriate. Other officers or key employees are covered under the agency's wage comparability study that is updated every five years.”

“The agency's financial statements as a part of its annual report are distributed to the public at the agency's annual meeting, through mailing, and on the agency's website.”

“Contract services: program service expenses 7,088,164. Management and general expenses 807,299. Fundraising expenses 909. Total expenses 7,896,372.”

“This return was initally prepared and filed with the audited financial statements still in the process of being completed. The audited financials have since been finalized and changes have been made to this return to reflect those changes. In summary, balance sheet accounts that changed materially were cash and accounts receivables as both were overstated on the intially-filed return. Moreover, the deferred revenue and accounts paybale accounts were initially understated. All other balance sheet accounts remained susbstainlly the same, with only several needing minor adjustments. In total, net assets decreased by $1,207,324. Material changes to the income statement included decreases to government grant revenue as well as miscellaneous income. Total revenue was overstated by $1,304,936. Total expenses were overstated by $97,612, with many of the expenses accounts changing. In addition, the classification of program to management expenses changed. Program expenses were understated by $837,207 and management & general expenses overstated by $934,712. Fundraising expneses changed by $107. Changes in supporting schedules a, page 2 and schedule d, page 4 also needed made to reflect the finalized audited financials.”