Newcap Inc.

“Steven berg and larry berg have a family relationship.”

“Once the 990 is completed, newcap, inc.'s chief executive officer and chief finance officer review and approve the form 990. Once approved the 990 is electronically filed with the internal revenue service.”

“Any individual who becomes aware of any actual or potential conflict of interest or ethical concern regarding their relationship with newcap must promptly disclose such conflict to a direct supervisor or the board chairperson. Newcap will directly and throughly investigate all concerns regarding the conflict of interest. The organization will determine whether a conflict exists and what action should be taken.”

“Newcap, inc.'s personnel committee chairperson requires an evaluation form be done by program directors evaluating the chief executive officer. Also, the chairperson interviews certain program directors to ask other questions. The chairperson shares the results with the personnel committee and the committee suggests a compensation amount for the chief executive officer to the full board of directors. Newcap, inc.'s board of directors votes on accepting the committee's recommendation for chief executive officer's compensation for the coming year. The organization conducts a wage study to determine the compensation of other officers of the organization. The last compensation study was completed in fall of 2020 by obtaining wage rates from other cap agencies through wiscap data.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. The financial statements are also made available on the organization's website.”

“Wrap: wisconsin rental assistance program-wisconsin residents that have experienced a significant loss of income due to the covid-19 pandemic and need help with their rent can apply. Funds can be used for utility arrears (heat, electric, water & sewer, and trash).”

“Change in contract policy -1,256,147.”