Fair Labor Association

“The controller works cooperatively with the external preparer to complete and update the form 990. Upon completion of update and initial review, the director of finance reviews the form noting any necessary changes prior to the submission of the draft form to the audit committee of the board of directors. In a phone based meeting between the audit committee, the controller, the director of finance and the tax preparer, the draft form 990 is walked through noting any necessary changes based on input from all parties. Once the filing has been updated and accepted by the audit committee, the draft is presented to the general board by the committee. Once the general board accepts the draft it is communicated to the preparer and the final copy is filed electronically.”

“On an as-needed basis, the board reviews the conflict of interest policy and discloses any potential conflict of interest. All senior management fla staff and board of directors sign a conflict of interest disclosure statement annually. The signed documents are reviewed by the human resources manager and kept by the executive director. The coi policy is always taken into consideration when there is the potential for conflict, particularly when signing new contracts or beginning new relationships. Any possible appearance of conflict of interest that arises in the course of business is researched to determine the existence of a conflict. If a contract is to be made with a related party, it is disclosed to the board and a vote is taken according to irs regulations. If fla staff members identify a conflict of interest, the director of finance & executive director share this information with the executive committee of the board for its action. Board members are precluded from voting on matters for which a conflict exists.”

“The board of directors is comprised entirely of independent directors. The board requested, discussed, and relied upon objective evidence of the president/ceo and the executive director's compensation prior to making its decision. Through its general counsel, the board of directors compiled objective compensation data in the form of a detailed, independent compensation survey for association executives and ensured that it only compared data from peer organizations under similar circumstances and demographics.”

“Fla makes its financial statements available on an as requested basis through the vehicle of the 990. With respect to its governing documents those are posted on fla's website, while the conflict of interest policy's existence is noted in fla's governing documents, but not explicitly provided to the public in any forum.”

“Regional staff: program service expenses 262,220. Management and general expenses 488,770. Fundraising expenses 0. Total expenses 750,990. Consulting: program service expenses 188,999. Management and general expenses 352,289. Fundraising expenses 0. Total expenses 541,288. Third party contractors: program service expenses 14,109. Management and general expenses 26,298. Fundraising expenses 0. Total expenses 40,407.”