Spanish American Basic Education and Rehabilitation Inc. Saber

“Process used to review this form 990: the form is filled and prepared by the chief accountant of the organization in conjuntion with the cpa firm, r.e. Rodriguez & company, pl. And in consultation with the financial officer and the chief administrative officer and when necessary with the subordinate personnel. Once the final draft is completed, it is then review by all parties, including members of the governing body, and signed by the chief financial officer and the principal of the cpa firm.”

“Compliance by officers, directors, trustees, and by employees with the conflict of interest disclosure policy. The organization request annually a letter from its officers, directors, and employees stating the fact that they are not engaged in any activity, business or otherwise, that will present a conflict of interest with the organization.”

“Review and approval process by independent persons of compensation to cao, top management officials, other officers and key employees. The process is done by stratas. The board of directors received no compensation. They are the ones that review and approve changes to the compensation of other officers or key employees of the organization.”

“Review and approval process by independent persons of compensation to cao, top management officials, other officers and key employees. The process is done by stratas. The board of directors received no compensation. They are the ones that review and approve changes to the compensation of other officers or key employees of the organization.”

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

“As explained in Note 10 to our audited Finantial Statements, during this year we commenced the implementation of the new accounting software (SAGE 300 ERP) for the accouting functions, including the accounts receivable subsidiary ledger. The implementation of the new software resulted in balances for accounts receivable different to ones that we had obteined with the In House Excel system that was used previously.The result showed the amount of $2,212,408 as overestimated income in prior years, resulting on a write off against Net Assets in this period.”

“The amount in line 11g exceeds 10% of amount in part ix, line 25. The details of the total amount is as follow: amountinstructor fees $ 1,651,671repair & maintenance 187,717janitorial services 74,798investment write off under the equity method 12,059 total $ 1,926,245”