Yachad Inc.

“The form 990 was prepared by the outside accountants and reviewed by the treasurer. The full board received a copy of the form 990 before it was filed with the irs.”

“In connection with any actual or possible conflict of interest, an interested person (or, if not a director, officer or committee member, then the director, officer or committee member related to such interested person) must disclose the existence of his or her financial or other interest and must be given the opportunity to disclose all material facts to the board and any relevant committee members. The board requires that such disclosure be made in writing. The person who makes a disclosure pursuant to a conflict of interest, recuses themself from participation in the corporation's decision making with respect to the transaction that is the subject of the disclosure, unless a majority of the disinterested directors voting on such transaction decides otherwise. If a director makes a disclosure pursuant to a conflict of interest, the director may not vote to authorize, ratify or confirm the transaction that is the subject of the disclosure. If a majority of the disinterested directors determines that no conflict of interest exists, the director who was presumed to be an interested person or related to an interested person can participate fully in the discussions, deliberations and votes of the board relating to the transaction. If the procedures have not been followed in considering a transaction, the board may vote to reconsider such transaction. If the board has reasonable cause to believe that a director, officer, or committee member has failed to disclose actual or possible conflicts of interest, it informs the director, officer, or committee member of the basis for such belief and affords the director, officer, or committee member an opportunity to explain the alleged failure to disclose. If, after hearing the response of the director, officer, or committee member and making further investigation as may be warranted in the circumstances, the board or committee determines that the director, officer, or committee member has in fact failed to disclose an actual or possible conflict of interest, the board takes appropriate disciplinary and corrective action.”

“The organization has an executive committee that reviews staff compensation and performance and also conducts staff evaluation. The board determines the ceo's salaries annually during the first quarter of the fiscal year. Dmv comparative compensation is reviewed for all salaries including top management. The compensation process is documented. The last compensation review took place in december 2020.”

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

“Remediation professional services: program service expenses 734,468. Management and general expenses 0. Fundraising expenses 0. Total expenses 734,468.”

“The paycheck protection program (ppp) is a low-interest small business administration (sba) loan and generally covers two and half months of payroll costs and may be forgiven entirely if the borrower maintains certain staffing levels and spend a certain amount of funds on salaries and other qualifying expenditures during the qualified period. The organization was approved for a loan on april 13, 2020 under this program in the amount of $52,600, with an interest rate of 1% and a maturity date of april 13, 2022. On april 13, 2021, loan forgiveness requirements had been met and forgiveness was received for the full balance of the loan.”