Ayuda Inc.

“The 990 was prepared by an independent accounting firm and reviewed by ayuda's executive director. The return was then distributed to ayuda's board of directors prior to filing with the irs.”

“Each employee signs a conflict of interest statement on his/her first day of employment and every board and staff member annually completes a conflict of interest disclosure questionnaire and affirmation of compliance. Pursuant to the policy, each person is under the obligation to disclose any conflicts that arise during the course of the year. Procedures have been developed for reviewing and addressing conflicts of interest that arise.”

“The board of directors is responsible for evaluating and setting the salary of the executive director. In order to do this, the board measures results achieved by the executive and researches salaries of executives at similar non-profit organizations in order to establish a reasonable salary. The last compensation review took place in december 2020. For staff, senior management researches salaries for similar positions at similar non-profit organizations to ensure that all salaries are within an appropriate range.”

“The governing documents, conflict of interest policy, and financial statements are available upon request. The financial statements are also posted on ayuda's website. The annual report is circulated primarily to institutional and individual funders and includes audited financial information. This report is also available on ayuda's website.”

“On april 14, 2020, ayuda, inc. Received loan proceeds in the amount of $813,200 under the paycheck protection program. The promissory note calls for monthly principal and interest payments amortized over the term of the promissory note with a deferral of payments for the first six months. Under the coronavirus aid, relief, and economic security act (cares act), the promissory note may be forgiven by the small business administration in whole or in part. Ayuda, inc. Intends to use the proceeds for purposes consistent with the paycheck protection program and believes that its use of the loan proceeds will meet the conditions for forgiveness of the loan. Ayuda, inc. Intends to apply for forgiveness after completing the 24 week period. If forgiveness is granted, ayuda, inc. Will record revenue from debt extinguishment during the period that forgiveness was approved.”