Asian American Lead Ldship Empwment and Devlpment for Youth & Family

“Revised bylaw was approved and in effect on 10/1/2018 to clarify the Board members' nomination, election, and term of office.”

“There are no committees with authority to act on behalf of the governing body.”

“The board treasurer reviews the 990 in detail and makes it available to all board members prior to filing.”

“Each director and officer is required to review a copy of the conflict of interest policy, which requires each person to disclose any relationships, position or circumstances in which he or she believes could contribute to a conflict. Following full disclosure of a possible conflict of interest, the Board of Directers determines whether a conflict of interest exists and, if so the Board votes to authorize or reject the transaction or take any other action deemed necessary to address the conflict and protect AALEAD's best interests.”

“The process for determining the Executive Director's compensation involves the completion by the entire board of a detailed evaluation and interviews of key staff and stakeholders. This performance assessment and review of market compensation data from similar organizations is then examined by an Executive Committee of the Board, which proposes a compensation level that must be approved by the entire board. Other employees' compensation is determined by the Executive Director with input and advice from the Board.”

“The Form 990 is available upon request and is posted on the organization's website.”

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

“AALEAD saw the need for its services in VA and expanded in VA in 2015 to conduct programs in three different schools. There was a shortage in government funding and AALEAD decided to self-fund the VA program for three years. AALEAD was able to support the VA program from utilizing its reserved funds during the past 3 years. Fiscal year ended 2019 was the last of the three-year self-funding plan.”

“There were over 350 workshops offered that connected youth with resources to succeed academically and prepare for college/future careers; gave youth the tools to develop pride in themselves and where they are from; and gave youth every opportunity to help develop skills and experiences as leaders. 100% of youth transitioned to the next grade level; 92% of youth said they learned more about the Asian American community, 83% of youth said they became more comfortable sharing and expressing their ethnic/cultural background and 80% said they knew what mental health is and had the tools to manage stress and their emotions.”

“Uncollectible pledges -175,924.”

“AALEAD's Board of Directors is responsible for the oversight of the audit, including selection of the independent auditor. The process is consistent with previous years.”

“AALEAD has experienced challenges collecting payments over the past several years. As a result, in fiscal year 2019, management determined that the likelihood of collecting the remaining pledges is remote. The total outstanding balance of $175,924 has been written off as a bad debt. There were no contributions receivable at September 30, 2019. For future fundraising campaigns, AALEAD is considering shifting away from invoicing donors to engaging current and past donors in a more positive and rewarding way.”

“The original tax return was filed prior to the completion of the annual audit. This amended tax return has been prepared to reflect final audited (and corrected) financial data.”