Jeremiah Program

“The form 990 is prepared by the public accounting firm based on information provided by management. Once the draft is completed, it is reviewed by management for completeness and any changes are incorporated into the filing before the form 990 is reviewed in detail by finance committee, including board treasurer before issued to board for review in advance of board meeting. At the board meeting, the treasurer reviews with board and opens up for any questions before motion to approve.”

“All trustees and key staff are required to complete annual disclosures of any potential conflicts. In addition, they are required to disclose new conflicts in a timely fashion when they arise. The governance committee reviews disclosed conflicts and assists the board in determining if there is a true conflict of interest. The board (or designee) discusses and decides if the matter is fair and reasonable by majority vote.”

“The hr committee conducts salary surveys within the non-profit sector and supplements this data with data from other salary surveys. An extensive organization wide review of salaries and grade levels, lead by hr committee with assistance from hr consultant, is completed biannually. The ceos compensation is evaluated annually by the hr chair and board chair who utilize external data in determining ceo compensation.”

“Hard copy or pdf available upon request.”

“The consolidated audited financial statements are provided with grant proposals and anyone else who requests them. In addition, a summary of the audited financial statements is provided in the annual report, and both are available electronically through the organization's website. The governing documents and conflict of interest policy are also available upon request.”

“In addition to the national governing board of directors, there are community trustees providing oversight to local communities.”

“The national board may, by action of a majority of the entire board, designate officers, committee chairs and at-large national directors as an executive committee which, to the extent determined by the resolution of the board, shall have and exercise the authority of the board in the management of the business of the corporation. The executive committee shall at all times be subject to the control and direction of the board. The executive committee shall maintain minutes of each meeting and report the same to the national board.”

“The functional expenses shown on form 990 are for jeremiah program non-profit only. The expenses do not include any expenses from the jeremiah st. Paul limited partnership, and the guadalupe jeremiah limited partnership, which are consolidated with jeremiah program for the consolidated audited financial statements. The partnership files its own tax return. Due to this, the percentage of program expense in relation to total expense is lower on form 990 compared to the consolidated financial statements. On form 990, program expense represents 67% of the total expense, compared to 73% in the consolidated financial statements. In, addition, the percentages are higher with fundraising for program expansion into new communities. Program percentage for the consolidated established campuses in twin cities is 81%. Copies of the audited financial statements are available on the organization's website and also available at jeremiah's administrative office on request.”