Hispanic Economic Development Corporation

“The organization outsources its accounting function to an external accounting firm specializing in not-for-profit accounting.”

“The form 990 is prepared by external certified public accountants. The accounting firm provides a draft with clarification questions to the organization. The organization's director of accounting and executive director answer the questions and review the document. The accounting firm makes any necessary changes and provides the organization with a signature-ready final document for electronic filing. The form 990 is provided to the organization's governing body before the return is electronically filed, and a board meeting is convened to discuss form 990 with the accountants and address any questions or concerns that may arise. The executive director executes the electronic filing authorization.”

“Each member of the board of directors is required to sign a statement each year that they have read and understand the conflict of interest policy and that they agree they will comply with the policy. These statements are received by the executive director and maintained in a file which is reviewed for completeness.”

“Through the budget process, all salaries for current and future positions are reviewed by the executive committee and, therefore, ratified and documented in the committee meeting minutes. Any concerns regarding the salaries, including those of the organization's executive director, officers and/or key employees, would be discussed with the executive director and/or other involved officers. As key positions become available, the executive committee participates in the interview, selection and salary determination process.”

“The form 990 is available for public inspection upon request of the executive director at (816) 221-3442.”

“The governing documents, conflict of interest policy and financial statements are available to the public upon request to the executive director at (816) 221-3442.”

“Oversight of the audit, review, or compilation for financial statements: the oversight of the audit, review, or compilation of hispanic economic development corporation's financial statements is the responsibility of the audit committee of the board and that responsibility and authority has not changed from the prior year form 990.”