United Through Reading

“United through reading's committees do not act on behalf of the the governing body.”

“The Audit Committee reviews the Form 990. Once it is approved by the Audit Committee it is then submitted to the Board for final approval.”

“1. Each new Trustee is presented with the Conflict of Interest policy during the 3 to 4 hour Trustee orientation. After the orientation is over the Trustee is asked if he or she understands the policy and is asked to sign the Conflict of Interest statement.2. Annually, all Trustees review the Conflict of Interest policy and are asked to sign the Conflict of Interest statement for the following year. All statements are kept on file by United Through Reading.3. The Governance Committee is the committee within the Board that monitors any contracts/transactions that could potentially create a conflict of interest. Minutes from that committee's meetings will show discussion of conflict of interest.4. The officers and members of the Board are aware through the written Conflict of Interest policy, which is kept in their updated electronic handbook, and through verbal reminders at meetings of their obligation to reveal a conflict of interest if it exists. Board members recuse themselves and are required to physically leave any discussion or vote when a conflict of interest might exist. Chairs of committees and of the Board follow the written procedures provided by the Conflict of Interest policy.”

“The Board of Trustees has a "Policy on Process for Determining Compensation" as approved by the Board of Trustees in 2008 and is maintained in the Board Binder. It states:a) The Policy on the Process for Determining Compensation within the United Through Reading organization applies to the compensation of the Chief Executive Officer and other senior management.b) The process includes all of these elements: (1) review and approval by the Board of Trustees; (2) use of data as to comparable compensation; and (3) contemporaneous documentation and recordkeeping. *Review and approval. The compensation of the person is reviewed and approved by the Board of Trustees of United Through Reading, provided that persons with conflicts of interest with respect to the compensation arrangement at issue are not involved in this review and approval. *Use of data as to comparable compensation. The compensation of the person is reviewed and approved using data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. *Contemporaneous documentation and recording keeping. There is contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangement.”

“The organization makes its audited financial statements, governing documents and policies available upon request. The organization posts its audited financial statements, annual report and irs determination letter on the united through reading website and guidestar.”

“UTR has entered into an agreement with a PEO (professional employer organization) Insperity/TriNet to establish a three-way relationship between UTR, our employees and the PEO. UTR and the PEO are co-employers, instead of the traditional employer company/employee relationship. The PEO takes responsibility for HR administration and compliance, for which it charges a service fee. Under this agreement Insperity/TriNet has paid 19 employees during 2018.”

“FORM 990, PART X, LINES 27-29: NET ASSETSThe organization has adopted the principles of FASB ASU No. 2016-14 (ASC 958) for its audited financial statements for the year ended December 31, 2018. To date, Form 990 and its associated schedules have not been updated to reflect changes made by this standard. We have included the net asset categories in our audited financial statements on existing Form 990, Part X, Lines 27-29 as follows:Net assets without donor restrictions $679,888Net assets with donor restrictions $456,113Total net assets $1,136,001Unrestricted net assets $679,888Temporarily restricted net assets $407,499Permanently restricted net assets $48,614Total net assets $1,136,001”