Latino U College Access

“Karen herrero and marie herrero have a family relationship.”

“Latino u has its form 990 prepared by an outside accounting firm. It is the policy of latino u that the finance committee is responsible for the final review of irs form 990 that is to be filed on behalf of the organization. After the finance committee has reviewed the form, it is presented to the board for review and approval.”

“The conflict of interest policy applies to the board members and employees. Each covered person shall be required to acknowledge that he or she has read and is in compliance with this policy annually. When a covered person becomes aware of a proposed covered transaction, he or she has a duty to disclose the transaction in writing to the board. He or she must refrain from using their personal influence to encourage the college to enter the covered transaction. He or she must physically excuse themselves from any discussions regarding the covered transaction except to answer questions, including board discussion and decision on the subject.”

“In fiscal year 2016, the process for setting the compensation amount for the executive director (ed) was established by the finance committee through the annual budget process and put to a board of directors vote. A salary value for the ed was established at $70,000. This was calculated from the february, 2015 fairfield/ westchester non-profit compensation and benefits survey results administered by inspirica, inc. The finance committee who conducted the salary review is a 3-person committee chaired by the treasurer and two other independent board members. The ed is not a member of this committee. The finance committee first reviewed, discussed and approved the ed's compensation. Then it was put to a vote by the board. The board vote was documented in the board meeting minutes.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request at 75 virginia road, white plains, ny 10603...or by calling the organization directly at (914) 839-0010.”

“First gen forward / college success & career preparation program: our college success program, launched in august 2016, increases college persistence and completion of first generation latino college students and helps students realize their career aspirations. This pilot program ensures that ambitious, academically strong students achieve economic mobility and success. In 2016, the first gen forward program recruited 40 latino u scholars who received support and guidance in summer and winter workshops. Workshop topics include exploring latino potential, networking, career building skills, internship search, and success in college . Corporate partnerships with local westchester county and nyc corporations provided opportunity for office site-visits, networking and presentations from successful latino professionals in those companies.”

“The finance committee undertook the search, due diligence and final selection of the independent accounting firm and documented that due diligence. This process has not changed from the prior years.”

“Compensation paid to employees related to board members is commensurate with the job responsibility and market wages for similar non-profit positions.”

“The organization also received inkind contributions for 2016 were $147,238, which included consulting services of $59,800 from oliver wyman. These donated services are not considered income or expense for 990 purposes.”