Carpenter'S Place Inc

“All directors of the organization are highly respected community members who work in the public realm, and may have business transactions with other board members.”

“Staff management, a professional employer organization or peo, assists the agency with its human resourse functions, provides health insurance administration and payroll services including filing all payroll tax returns on behalf of the organization. However, the organization remains in control of management duties such as decisions about personnel hiring and firing.”

“Agency policy mandates the finance & audit committee of carpenters place review the form 990 with its certified public accountants at the same meeting that it reviews the draft of the annual report with its cpas, or such other meeting as appropriate. After acceptance by the finance & audit committee, an electronic copy shall be sent to each board member at least 3 days prior to the next board of directors meeting for their review. At the board meeting, the form 990 shall be presented by the board treasurer and questions from the board members shall be addressed, after which a motion shall be entered, seconded and voted upon to accept form 990 as presented, or as revised as may be required. Upon final board approval, form 990 shall be signed by the board president, vice president, secretary, treasurer or the executive director, as appropriate.”

“Directors, officers, committee members, volunteers, and leased employees are required to annually disclose in writing (per the code of conduct policy) any conflicts of interest or any situation that could rise to a conflict on interest. The policy is strictly enforced by the board president, executive committee and executive director. The code of conduct is a requirement of the u.s. Department of housing and urban development (h.u.d.) for all federally funded grantees and sub-grantees. To meet h.u.d. Requirements, the code of conduct must include additional policies concerning the proper use of agency property, employment practices, etc.”

“Staff management, a professional employer organization or peo, assists the agency with its human resource functions. This includes reviewing compensation on both an internal and external basis. Further, information is gathered on other local non-profits of similar size by the agency utilizing guidestar and other websites. Compensation is reviewed annually as a part of the budgeting process. The budget process includes input and review by both the executive and the finance committees of the board of directors. The full board of directors approves the annual budget.”

“Copies of the governing documents, conflict of interest policy and financial statements along with the 990 and application for tax exemption are provided on request, available for inspection at carpenter's place and posted on the guidestar.org and office of illinois attorney general's websites.”

“Amended return contained modified revenue and expense reconciled with subsequently completed audited financial statements.”

“The organization's audit committee that assumes responsibility for oversight of the audit has not changed their oversight process from the previous year.”