Strong City Baltimore Inc

“The draft 990 was prepared by the outside accountants and reviewed by senior staff. It was then discussed/reviewed at the finance committee meeting and distributed to the board via email before being filed with the irs.”

“The conflict of interest policy statement is reviewed and signed annually by staff and board memebers. Per strong city baltimore policy, board members and the ceo are expected to identify possible conflicts of interest and bring them to the attention of the board and recuses himself/herself from voting on the decision/issue. A staff member who has a conflict of interest brings it to the attention of the executive director, who in turn takes it to the board. The staff person involved does not participate in any decisions involving his/her conflict.”

“The executive committee annually discusses the organization's ceo's salary prior to the budget approval in june. 990s from similar organizations in the baltimore area are researched by the coo and shared with the executive committee. The committee then makes a determination considering the market and what the organization can bear. The most recent review within the last fiscal year was may 2016. The coo's compensation is determined annually by the ceo and board after comparison of equivalent positions in nonprofit salary surveys and salary information from 990s of similar sized organizations in the baltimore/washington metropolitan area.”

“The organizaton's governing documents, conflict or interest policy, and financial statements are available to the public upon request.”

“Consultants and contractors: program service expenses 2,201,882. Management and general expenses 38,750. Fundraising expenses 18,594. Total expenses 2,259,226.”

“In prior years, business clients reported through strong city's financial statements, but who have their own tax-exempt status and therefore file their own 990. The prior period adjustment represents the necessary correction to beginning net assets to derive at the current year reporting balances to properly exclude these business clients and bring the balances included in the current year's 990 to be reflective of only strong city baltimore and its sponsored fiscal projects.”