2020 Microclinic Initiative Inc

“Board members michael mccourt and marion mccourt have a family relationship.”

“The organization amended their by-laws in the current year to reflect current operations, adjust the committees of the board, and to include a compensation policy.”

“The form 990 is reviewed by the executive director and the executive committee. Prior to filing, the form 990 is provided to the board.”

“The executive director reviews the disclosed conflicts and if there are any conflicts takes required action in accordance with the organization's policy.”

“It is the policy of the corporation to pay no more than reasonable compensation for personal services rendered to the corporation by officers and employees. The directors of the corporation shall not receive compensation for fulfilling their duties as directors, although directors may be reimbursed for actual out-of-pocket expenses which they incur in order to fulfill their duties as directors. The board of directors must approve in advance the amount of all compensation for officers of the corporation. Before approving the compensation of an officer, the board shall determine that the total compensation to be provided by the corporation to the officer is reasonable in amount in light of the position, responsibility and qualification of the officer for the position held, including the result of an evaluation of the officer's prior performance for the corporation, if applicable. In making the determination, the board shall consider total compensation to include the salary and the value of all benefits provided by the corporation to the individual in payment for services. At the time of the discussion and decision concerning an officer's compensation, the officer should not be present in the meeting, however, such person may present information to the board concerning the same upon request of the board. The board shall obtain and consider appropriate data concerning comparable compensation paid to similar officers in like circumstances. The board shall set forth the basis for its decisions with respect to compensation in the minutes of the meeting at which the decisions are made, including the conclusions of the evaluation and the basis for determining that the individual's compensation was reasonable in light of the evaluation and the comparability data.”

“The governing documents, conflict of interest policy, and financial statements are available by request.”

“Consultants and personnel: program service expenses 116,094. Management and general expenses 0. Fundraising expenses 0. Total expenses 116,094.”

“Cash to accrual prior period adjustment 153,534. Cash to accrual 3115 adjustment (first of four years) -38,384.”

“The organization changed its method of accounting from cash to accrual for 2016 to comply with the new york state filing requirement to provide a review in accordance with generally accepted accounting principles.”

“The organization had a review for the first time in the current year. The board assumes responsibility for oversight of the review of its financial statements and selection of an independent accountant.”