Center for Neighborhood Enterprise

“The form 990 is prepared by an independent public accounting firm and diligently reviewed by the chief financial officer and the vice president. The form 990 is then reviewed/discussed by the finance committee of the board before it is finally presented to the full board of directors. While the irs does not require prior approval of the 990 by the board and there is no legal penalty for the failure of a board to do so, woodson center staff and the finance committee feel these questions point out the need for the entire board to be conversant in the information presented in the form 990. As such, the board of directors of woodson center find it is a vital and fiduciary duty of the organization's entire board to be involved in the process with respect to the governance and operation questions raised by the form and to be involved in the approval of the form 990 before it is filed with the irs.”

“Statements are reviewed annually by the finance and audit committee which shall, when appropriate, recommend disciplinary action for violations of the code of ethics.”

“Woodson center board of directors use the american society of association executives guide published annually to compare compensation to other non-profits of the same size as well as to positions in the national capital area. Additionally, any cola is based on federal government cost of living increases. Woodson center board of directors use the american society of association executives guide published annually to compare compensation to other non-profits of the same size as well as to positions in the national capital area. Additionally, any cola is based on federal government cost of living increases.”

“Governing documents are disclosed upon request.”

“The process of oversight has not changed from prior year.”