Afterschool Alliance

“The form 990 was prepared by the firm's auditors and reviewed by the sr vp of finance and administration before being sent to the executive director and sr vp of external affairs. If there were comments or questions, they were discussed with the firm's auditors. After the 990 was reviewed, it was sent to the chair of the audit committee for review and approval. Once the 990 was approved by the chair of the audit committee, the 990 form was sent to the full board for final review before it was filed with the irs.”

“All board members and staff are required to complete and submit a signed and dated conflict of interest policy annually, indicating that they have read and comply with the policy. A checklist is maintained and monitored. Follow up email requests and/or telephone calls are made until all outstanding policies are received. If a conflict of interest occurs, the board member involved recuses him/herself from voting on the matter in question.”

“The executive committee of the afterschool alliance board reviews the executive director's performance and the vice chair takes the lead on making a recommendation to the rest of the executive committee. This recommendation of the executive director's compensation and/or bonus is then approved to reflect performance achievements. The board also used comparable organization's 990s from guidestar as guidelines for comparable data. The last compensation review was completed in december 2020 and the decision was documented in the employee's file. All staff are subject to an annual salary review and revision that is approved by the executive director and subject to board revision. Afterschool alliance policy states that any raise equal to an increase of 10% or more of an employee's current salary must be approved, in advance, by the board.”

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

“Policy consultants: program service expenses 198,331. Management and general expenses 668. Fundraising expenses 1. Total expenses 199,000. Research consultants: program service expenses 257,701. Management and general expenses 868. Fundraising expenses 1. Total expenses 258,570. Media consultants: program service expenses 729,760. Management and general expenses 0. Fundraising expenses 1,000. Total expenses 730,760. Other consulting: program service expenses 308,881. Management and general expenses 1,040. Fundraising expenses 1. Total expenses 309,922.”

“On april 14, 2020, the organization received loan proceeds in the amount of $358,300 under the paycheck protection program. The promissory note calls for monthly principal and interest payments amortized over the term of the promissory note with a deferral of payments for the first six months. Under the coronavirus aid, relief, and economic security act (cares act), the promissory note may be forgiven by the small business administration in whole or in part. The organization intends to use the proceeds for purposes consistent with the paycheck protection program and believes that its use of the loan proceeds will meet the conditions for forgiveness of the loan. The organization intends to apply for forgiveness after completing the 24-week period. If forgiveness is granted, the organization will record revenue from debt extinguishment during the period that forgiveness is approved.”