Acdi Voca

“The tax return was prepared by the outside accountants and reviewed by senior management. A copy of the form 990 was posted on a secure section of acdi/voca's website. The members of the governing body were provided passwords to login into the secure area and view the form 990. This process is completed prior to acdi/voca filing its 990 with the irs.”

“Acdi/voca expects all its employees to avoid situations or circumstances conflicting with the interests of acdi/voca, or engaging in activities given the appearance of such conflict. Accordingly acdi/voca requires that all relationships and transactions be conducted in a manner free of any conflict with the interests of acdi/voca including any transactions between individual employees as well as those between employees and individuals in other organizations or business concerns. Employees should review with the general counsel or, in his absence, with the president, the coo, the cfo or their supervisors, any activities they know, or can reasonably be expected to recognize, involve a conflict, possible conflict or the appearance of a conflict of interest. Compliance with this policy is consistently monitored and confirmed annually. Should a conflict arise, the chief general counsel will discuss it with either the ethics committee or the svp of human resources to determine the appropriate action. Once a year each board member is asked to sign a "director's annual statement of disclosure" form certifying, inter alia, that neither they nor any member of their family is involved in a transaction or relationship with an entity or individual that presents, or may present, a conflict between their obligations to acdi/voca as its fiduciary and their personal, business or other interests. If involved in any such transaction or relationship, a board member must fully disclose such information on the form or in an attached written statement. The certification process is administered by the office of president and is self-certifying by board members. Any conflicts disclosed to the office of president are referred to the full board for review and appropriate action.”

“The board of directors met in executive session to discuss the president and ceo's performance during the june 2016 board meeting. The svp of human resources provides market salary information from three sources, along with the current salary grade and salary increase charts in effect for that year. The president and ceo submits his list of performance measures for the current year, his accomplishments, and priorities for the next year. The board then recommends a salary action. The chairman of the board sends a memo to the svp of human resources to include in the president and ceo's personnel file. The increase, if applicable, is effective july 1 each year. The deliberation and decision process is contemporaneously substantiated in minutes to these meetings. Annually in december, the human resources committee reviews all officer & key employee compensation. The human resources committee comprises the president and ceo, the coo, and the svp of human resources. For purposes of officer compensation, the coo is excused from discussion. The svp of hr provides market information, each officer or key employee provides a review of current objectives, accomplishments for the year, and priorities for the next year. A review of the salary grade and salary increase structure is provided. The president and ceo makes the final determination. A copy of the review and salary adjustment, if any, is placed in each officer or key employee's employment folder. Any increases are effective as of january 1 of any given year.”

“Financial statements, conflict of interest policy and governing documents are available upon request for the same period of disclosure as set forth in section 6104(d).”

“Change in temporarily restricted net assets -1,076,909.”

“The process for overseeing the audit of the financial statements and selection of an independent accountant that audited the financial statements has been consistent with prior years.”