Federal Employee Education and Assistance Fund

“Robert tobias, debra roth, and joyce warner neverov also serve as the board of feea's subsidiary, feea childcare services inc. And therefore, have a business relationship.”

“This year feea's new executive leadership identified that a former employee misused a total of $230,170 of feea's funds over the period from 2010 to 2016. After consulting with attorneys and a certified fraud examiner, feea's board of directors aggressively sought and received full restitution of the misused funds, plus interest, from the individual in question. Feea's board and new executive leadership have instituted several improvements in internal control including an updated whistleblower policy, new accounting system and policies with strengthened internal audit trail function, and increased separation of duties. Finally, while not required of nonprofits by sarbanes oxley act as for publicly traded companies, feea has decided to rotate the lead auditor of its audits every five years (or entire firm as needed). Auditor rotation is a suggested practice by the national council of nonprofits. Feea will be conducting a procurement for a new audit firm for the coming year's audit.”

“The organization does not have any committees with the authority to act on behalf of the governing body.”

“A complete copy of the form 990 is circulated for review and comment to all board members before filing with the irs.”

“Feea's conflict of interest policy applies to the entire board of directors, the executive director, and all other feea management positions. Board members and staff are reminded of the policy each year and of their obligation to reveal any real or apparent conflicts. Potential conflicts are reviewed by the board of directors upon discovery. Where any conflicts may exist, board members are directed to recuse themselves from any deliberations and/or votes on the issue. Failure to disclose conflicts may be punished by removal from the board.”

“Feea's board of directors recruited and hired a new executive director with the assistance of an executive search firm that specializes in nonprofits this fiscal year. The salary for the position was set in consultation with the firm. Generally, the executive director's salary in subsequent periods is determined annually at a meeting of the entire feea board of directors. At the meeting, the executive director's performance is reviewed, comparability data for similar positions are reviewed, and the financial status of the non-profit is considered.”

“Feea provides its tax return and audited financial statements to any member of the public requesting the documents. The same is true of the articles of incorporation and governing documents, which include the conflict of interest policy. Feea responds to email, written and phone requests for such documents.”

“Process has not changed from the prior year.”