Latino U College Access

“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 conduct of 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.”

“The board of directors and ceo annually review luca's compensation policy and salary levels for senior and program management teams. The review includes an assessment of compensation ranges for comparable positions within organizations of comparable size for ceo, deputy director, and program managers. These reviews are conducted to assess luca"s historical salary ranges and establish competitive levels that will aid in the recruitment and retention of key personnel while strengthening the infrastructure of the organization. Comparable organization data is obtained from the non profit new york's 2019 salary survey and the professionals for nonprofits staffing group's 2020 nonprofit salaries & trends for greater new york city.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on 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) 828-0404.”

“Write-off of uncollectible pledges -4,000.”

“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 board members represents payments for services and is commensurate with the job responsibility and market wages for similar non-profit positions. The organization also received inkind contributions for 2020 of $4,721. These donated services are not considered income or expense for 990 purposes.”