District of Columbia College Access Program

“Katherine bradley, who serves as a director on the board of directors, is the spouse of david bradley, who also serves as a director on the board of directors.”

“During the tax year, dc-cap outsourced the vice president of finance position to an outside consulting firm, marcum llp. The outsourced managerial duties included planning of the organization's budget, along with other administrative finance functions.”

“The tax department at marcum llp prepares the draft form 990 based upon the audited financial statements and information requests presented to management. Upon receipt of the draft, senior management at dc-cap reviews the document for accuracy. The treasurer of the board of directors then reviews the draft form 990. Once final approval is given, the tax accountants issue the final return for management's signature and provide a copy to the board of directors before filing with the internal revenue service.”

“Each employee is provided with the policy during their orientation and it is subsequently reviewed annually. The director of hr & administration is responsible for monitoring and enforcing compliance with the conflict of interest policy. In addition, potential vendors are vetted to ensure that no conflict of interest exists. If no conflict of interest exists, the vendor is added to a list of approved vendors with which dc-cap can conduct business. Furthermore, the management at dc-cap monitors its operations from time to time to ensure that there are no undisclosed conflicts of interest in relation to board members and their activities.”

“The president/ceo and vp, programs' total compensation package is determined by research and study sought from an external executive compensation firm engaged every 3 years to provide compensation, incentive, and benefit data. The data is shared with an ad-hoc executive compensation committee made up of board members. The compensation amounts are determined based on comparable compensation packages for presidents and ceos of similar organizations in both size and scope. Recommendations by the consultant are considered and a decision is made by the ad-hoc committee. The chairman of the board of directors then presents and/or negotiates the package with the president/ceo and vp, programs. The most recent compensation study was implemented in august 2019.”

“Dc-cap makes its governing documents, conflict of interest policy, federal form 990 and financial statements available to the public upon request.”

“In fy 2020, dc-cap developed a partnerships program with certain high-performing, public, four-year institutions that are committed to increasing enrollment and graduation rates for dc students. A full description of the new program is shown on part iii, line 4a.”