Teen Parent Connection Inc

“The board of directors reviews the form 990 prior to filing with the internal revenue service.”

“A conflict of interest questionnaire is completed by all current and new members of the board of directors on an annual basis. The completed questionnaries are reviewed by the executive committee for any possible conflicts.”

“Teen parent connection's approved fiscal policy regarding the determination of executive compensation is as follows: the executive committee shall measure the reasonableness of compensation based on what similar organizations pay for similar services under similar circumstances. The primary purpose of this process is to ensure that total compensation paid to the executive director and other disqualified persons as defined by irc 4958 is reasonable and to establish a presumption under the internal revenue code that the total compensation in each instance is reasonable. The executive committee shall obtain and review data from which it can assess the reasonableness of the compensation for the services rendered to teen parent connection.inc. Such data may include, but is not limited to the following: 1. Compensation levels paid by similarly situated organizatiqns, both taxable and tax-exempt, for functionally comparable positions, 2. The availability of similar services in the geographic area of teen parent connection, inc., 3. Current compensation surveys compiled by independent firms, and 4. Actual written offers from similar institutions competing for the services of the disqualified person. The executive committee may also rely upon reasoned written opinions of the qualified legal counsel, certified public accountants, or accounting firms with expertise regarding the relevant tax law matters, and independent compensation experts who hold themselves out to the public as compensation consultants, perform compensation valuations on a regular basis, are qualified to make compensation valuations for the types of services involved in each instance, and provide the executive commitee with a written statement that the preceeding requirements are met.”

“The organization's governing documents, conflict of interest policy and financial statements are made available to the public upon request. The form 990 is available at www.guidestar.com.”

“Speaker: program service expenses 757. Management and general expenses 75. Fundraising expenses 0. Total expenses 832. Other consultants: program service expenses 1,328. Management and general expenses 1,500. Fundraising expenses 0. Total expenses 2,828. Program consultants: program service expenses 73,341. Management and general expenses 638. Fundraising expenses 0. Total expenses 73,979. Hr services: program service expenses 44,323. Management and general expenses 2,246. Fundraising expenses 1,285. Total expenses 47,854.”

“There were no changes to the process from the prior year.”