South Carolina Association of Community Development Corporations Inc

“Management reviews the Form 990 for completeness and accuracy. Once is it approved it is forwarded to the Board of Directors for review and comment period. At the completion of this comment period, and once all comments are addressed, the Form 990 is filed with the Internal Revenue Service.”

“Annually the Board of Directors is provided a copy of the Organization's by-laws to re-familiarize themselves with the organization governing documents. The Board of Directors is required to review and sign a conflict of interest statement. The personnel policy, which includes policies of conduct that include conflicts of interest, is reviewed annually by the executive committee for needed changes, and when changes are made to the policy, each employee is provided a copy of the updated document and isrequired to sign an affirmation of their review. Each new employee isprovided a copy of the personnel policy and is required to sign andaffirmation of their review.”

“The Organization consults with salary surveys provided by Together SC, as well as other state community development corporations, when developing the President and CEO. Committees of the Board of Directors review and concludeon this information when providing a recommendation to the board for approval. The Organization consults with salary surveys provided by Together SC, as well as other state community development corporations, when developing employee salaries. Committees of the Board of Directors review and conclude on this information when providing a recommendation to the board for approval.”

“The Organization makes its public disclosure Form 990 available upon request at its corporate offices. The Organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request in its corporate offices.”

“Payroll Service Fees: Program service expenses 0. Management and general expenses 23,073. Fundraising expenses 0. Total expenses 23,073. Temporary Contract Service: Program service expenses 337,723. Management and general expenses 11,357. Fundraising expenses 825. Total expenses 349,905.”

“Bad debt expense -1,905.”