Snap Financial Access

“The form 990 is reviewed by the fiscal director, financial administrator, ceo, and finance committee prior to presentation to the board for approval. Approval is documented in the board minutes.”

“The board of directors are reminded verbally and in writing at each meeting to declare any conflicts of interest. Each has recently signed a form requiring this disclosure. Any possible conflict of interest on the part of a director shall be disclosed to the board. When any such interest becomes a matter of board action, such director shall not vote or use personal influence on the matter, and shall not be counted in the quorum for a meeting at which board action is to be taken on the interest. The director may, however, briefly state a position on the matter and answer pertinent questions of board members. The minutes of all actions taken on such matters shall clearly reflect that these requirements have been met.”

“The filing organization does not have any paid employees. The ceo and fiscal director are paid by a related organization, which uses the following process to determine compensation: the board completes a review of the ceo's performance and adjusts compensation at the same time. The board is provided a report from payscale.com as well as other reports (990's) for our area and base their decision on these various reports as well as the ceo's performance. The ceo's salary was last reviewed during 2019 and was approved in january of 2020. The agency utilizes the contracted services of payscale.com to compare snap to like-sized non-profits in washington state and the northwest region. We do not compare detailed benefits other than to review them and compare them to what snap is paying (paid time off, insurance, bonus vs. Social service). We use these same principles in all salary surveys.”

“Governing documents, conflict of interest policy and financial statements are available upon request.”

“The executive committee, comprised of board officers, acts as the board during months regular board meets are not held.”

“Continued with the next stages of project atlas to replace snap's existing capsys database and went live 9/1/2020.”

“All forms w-2 and forms 941 are issued by spokane neighborhood action partners, a related party, under the ein of spokane neighborhood action partners.”

“The finance committee is charged with reviewing and recommending for board approval the financial reports, audit, and selection of the auditor. The board approves these items.”