Birmingham Area Technology Leadership Alliance (Aka Techbirmingham)

“The form 990 is reviewed by a third-party accounting firm and the president of techbirmingham. The form 990 is provided to the board for review and is an agenda item at a regularly scheduled board meeting, open for any discussion.”

“Monthly financial statements are sent to the treasurer for review, once it is appoved by the treasurer, it is is sent to the rest of the board for review. At any time, if there is a question about a transaction, it is brought to the attention of the finance committee, if needed it will be taken to the executive committee for further discussion. If there is a conflict, the party of interest is asked to abstain from voting on the transaction.”

“The board of directors looks at the current market salary analysis for each of the key employees in the organization and makes recommendations to compensate the employees accordingly. A third-party is also hired to administer payroll and help the organization maintain employee compliance standards (benefits, overtime, pto, tax withholdings, etc).”

“If a request is made, the documents would be provided after consultation with advisors and legal counsel.”

“Other events: program service expenses 2,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,500. Techtuesday event expenses: program service expenses 1,854. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,854. Trade association dues: program service expenses 0. Management and general expenses 891. Fundraising expenses 0. Total expenses 891. Staff development: program service expenses 0. Management and general expenses 510. Fundraising expenses 0. Total expenses 510. Camp innovation: program service expenses 500. Management and general expenses 0. Fundraising expenses 0. Total expenses 500. Teen hackathon: program service expenses 371. Management and general expenses 0. Fundraising expenses 0. Total expenses 371. Miscellaneous: program service expenses 0. Management and general expenses 297. Fundraising expenses 0. Total expenses 297. Bwit: program service expenses 238. Management and general expenses 0. Fundraising expenses 0. Total expenses 238. Code the classic tech expo: program service expenses 25. Management and general expenses 0. Fundraising expenses 0. Total expenses 25.”

“The finance committee of the organization assumes responsibility for oversight of the compilation of its financial statements and selection of an independent accountant.”