The Community Development Venture Capital Alliance

“The irs form 990 is prepared by the organization's independent certified public accountants after receiving the necessary information from cdvca staff and the financial consultant. After receiving the completed form 990, the document is reviewed by cdvca's president and financial consultant for accuracy and completeness. Any necessary changes are communicated back to the independent certified public accountants, and a revised form 990 is then provided to cdvca. The form 990 is then provided to cdvca's board of directors to review before being filed.”

“The organization has a written conflict of interest policy that has been distributed to all board members. It is monitored and enforced on a continuing basis by the board and the staff. Each time an event occurs that could raise the issue of a conflict, the board discusses the event and the conflicts policy and devises and follows a course of action consistent with the written conflict of interest policy.”

“The board arrives at appropriate compensation levels of executive employees based on board members' knowledge of compensation levels of executives of similar organizations and of individuals with backgrounds and skills similar to the employee's, as well as the employees job performance during the year.”

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

“Other - professional fees: program service expenses 87,933. Management and general expenses 8,239. Fundraising expenses 0. Total expenses 96,172.”

“Following the completion of cdvca's financial statement audit, the following have been amended: page 1, part i - lines 9,10,12,19,20, and 22 page 2, part iii - lines 4a and 4b page 3, part iv - lines 11f and 12b page 9, part viii - lines 2a and 3 page 11, part x - lines 2, 10a, 10b, 13, 16,27,32, and 33 page 12, part xi page 12, part xii - line 2b schedule a - part ii - section b lines 8, 11, 12 schedule a - part ii section c line 14 schedule d - part vi - lines 1d and 1e schedule d - part viii schedule d - part xi”