K-Connect

“The form 990 is reviewed by the finance committee, who then reports to the board of trustees. After any issues are addressed or corrected, the executive director signs and files the return.”

“At any meeting of the board of trustees, any trustee who has a financial interest in the action being discussed or taken by the board of trustees (including without limitation matters of compensation) shall be excused from that portion of the meeting, shall not participate in the discussion of that matter, and shall not be entitled to vote on the proposed action. In situations where a trustee is so excused, the excused trustee shall be counted for purposes of determining whether a quorum is present, but shall not be counted for purposes of determining the majority necessary to approve the action.”

“The executive committee handles human resource matters along with a professional external hr consultant. Several factors are considered when determining compensation, such as: role, skill and experience desired, education level or comparable work experience, equity, comparative salary analysis, and budgetary constraints.”

“All documents are made available for public inspection upon request.”

“Consultants: program service expenses 59,145. Management and general expenses 0. Fundraising expenses 0. Total expenses 59,145.”

“K-connect has a finance committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant.”

“Employer identification number: 46-4605245 for the year ending september 30, 2014: k-connect , hereby elects, pursuant to irc sec. 168(k)(2)(d)(iii), not to claim the additional 50% depreciation allowable under irc sec. 168(k) for the following qualifying property placed in service during the tax year ending september 30, 2014. All property in the 10 year class. See attached form 4562.”