The Arc Baltimore Inc.

“The executive director and chief financial officer review a draft of the form 990 prior to review with the finance committee of the full board. The full board receives a copy of the 990 and is given the opportunity for comment and questions. The cfo and the executive director review with the full board the significant aspects of the form.”

“The conflict of interest policy applies to all board members, staff, foster care parents, volunteers, committee members and interns of the arc baltimore. Board members shall annually provide written disclosure statements to the executive director who shall prepare a summary of all disclosures for review by the president, executive committee and finally the board of directors. These disclosure statements must be completed and signed even if there are no disclosures. The board of directors shall review all disclosure statements in order to determine any substantive conflicts of interests. If, in the board of directors' determination, the conflict is significant, the board of directors may require the member to terminate the conflicting transaction or discontinue board service. Where a specific proposed action or transaction is involved, that action shall not occur until such time that it has been approved by the board of directors, as appropriate, and the interested party will not participate in the deliberations or decision-making regarding the action. Non-board member, volunteer committee members shall submit disclosure statements upon initially joining the committee. These disclosures shall be reviewed by the president and, if in the president's discretion, no conflicts exist, then committee service may proceed. These members remain under a continuing obligation to disclose if any subsequent conflicts develop. Senior management and leadership team members and any other staff who have significant decision making authority shall initially and annually thereafter, complete, sign and submit disclosure statements to the executive director even if there are no matters requiring disclosure. In the event of any significant conflicts, the executive director shall effect such remedial action as may be needed to mitigate or eliminate the conflict, including requiring the termination/resignation from a conflicting relationship. The executive director's disclosure statement will be provided to the president of the board of directors. All other staff, volunteers, foster parents, and interns will be advised of and receive the conflict of interest policy and are obligated to disclose any conflict of interest, potential conflict of interest or any matter that might be perceived as a conflict of interest. This disclosure, as warranted, should be done initially and, such staff, volunteers, foster parents, and interns remain under a continuing obligation to disclose if any subsequent conflicts develop. These disclosures shall be submitted to the respective division head who shall review each, consulting with the executive director as needed, and determine that no significant conflict exists or effecting such remedial action as may be needed to mitigate or eliminate the conflict, including requiring the termination/resignation from a conflicting relationship. This determination and/or action required shall be documented and attached to the disclosure statement and maintained in a designated file.”

“Annually, the executive committee of the board of directors reviews the performance of the executive director. Based on that review, the committee will document and recommend a salary adjustment to the full board. The compensation adjustment is aproved by the full board. Every three years, the committee will compare the executive director's compensation to comparable positions to determine if the compensation is in line with the labor market. This comparison was last done in june 2017. Other officers are evaluated annually by the executive director or appropriate supervisor and compensation may be adjusted at that time based on market data and compared to like positions in like organizations. The evaluations and compensation adjustments are documented by the human resources department.”

“The form 990 and audited financial statements are on the arc's website. Governing documents, the conflict of interest policy, financial statements and form 990 are made available to anyone who requests them for the same period of disclosure as set forth in section 6104(d).”

“Volunteers and student interns are engaged in nearly every department and program of the arc baltimore, contributing time and talent directly with individuals with developmental disabilities as well as in the back-office support functions of the organization. Volunteers and interns make a tremendous impact through hands-on activities as well as their personal and professional expertise that helps fulfill our mission. In addition, we know that the lives of the volunteers and interns are greatly affected by the positive experiences they have through their interactions with the adults, children, and families who are supported by the arc baltimore. During the year, volunteers and interns spent 21,602 hours over 1,593 visits, assisting the organization.”

“Additional time is needed in order to gather the information necessary to file a complete and accurate form 990t.”

“Pension related changes -214,083. Unrealized gain on interest rate swap 4,769.”

“The finance and audit committee of the board meets regularly with senior management to review the financial status of the organization, and other major issues that may have a financial impact. The committee selects the auditor for the arc, the arc's pension plan and any benefit plans which may require an audit. The committee meets in executive session with the auditor to discuss the conduct of the audit.”