Latin American Youth Center

“The form 990 is prepared by the outside accountants and then sent to the president and senior management for review. The draft of the form 990 is sent to board members prior to filing with the irs. After this is done, and any comments received are addressed, the return is filed with the irs.”

“All layc employees and members of the board shall complete the layc conflicts of interest disclosure form (disclosure form) no less often than annually, and submit it to hr. A new disclosure form should also be completed whenever there is a significant change. For example, if an employee undertakes any new employment activity, grant award, investment or other interest, which may involve obligations that compete or conflict with, or that appear to compete or conflict with, the interests of layc, then the new activity and potential conflict will be promptly disclosed by submitting an updated disclosure form to hr. Employees shall avoid any involvement with all related layc activities and decisions until hr has evaluated and approved the reported conflict of interest. When disclosing a conflict or potential conflict, an employee or board member shall include a brief statement of the nature and extent of the conflict on the disclosure form. In the event that hr or the board's hr committee members conclude that there is no reasonable way to manage a conflict of interest, then the employee or board member may be prohibited from participating in conflicting layc affairs. Violations of layc policies, including the failure to avoid a prohibited activity or to disclose a conflict of interest in a timely manner, will be dealt with in accordance with applicable layc policies and procedures. This may include disciplinary actions up to and including termination of employment with layc or separation from the board.”

“Layc has a compensation committee that performs due diligence and after an evaluation of the ceo's performance, makes its recommendation to the full board, which then votes on the amount of compensation for the ceo. The last compensation review took place in april 2024. The decision is documented in board minutes.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”