Parc Inc.

“Board members jenny hasbun and marcos hasbun have a family relationship.”

“The ceo and cfo conduct a comprehensive review of the form 990 before it is filed. A copy of the approved form, as ultimately filed, is provided to each voting member of the board before it is filed with the irs.”

“The board of directors monitors and enforces compliance with the conflict of interest policy annually. They review actual conflicts that are identified by the annual disclosure process and by other board members and prohibit directors from voting on matters where actual conflicts of interest exist. A similar policy applies to employees. All employees are required to sign a conflict of interest statement upon receipt of their policy manual.”

“The executive governance committee determines the compensation and benefits of the chief executive officer (ceo). The executive governance committee is independent with respect to compensation arrangement being considered. The executive governance committee relies on members of the board of directors who serve on boards of similar organizations to determine reasonable compensation. The board of directors approves the executive governance committee's findings. The review and approval process is documented in the ceo's contract. Following the completion of the ceo evaluation process by the executive governance committee, that committee makes a recommendation to the board for its approval of the compensation and benefits of the chief executive officer. A new ceo employment contract is drawn each year which states the board-approved ceo compensation, benefits and terms of the contract for the upcoming year. The review and approval are documented in the contract. The organization has an internal recruiter on staff. The recruiter surveys the marketplace for competitive salaries for positions. Management uses that information along with budget constraints and relative salaries for peer positions to set compensation levels.”

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

“Contract services: program service expenses 798,990. Management and general expenses 171,697. Fundraising expenses 92,312. Total expenses 1,062,999. Temporary labor: program service expenses 792,477. Management and general expenses 0. Fundraising expenses 0. Total expenses 792,477. Sales commission: program service expenses 3,272. Management and general expenses 0. Fundraising expenses 63. Total expenses 3,335. Medical services: program service expenses 105,135. Management and general expenses 0. Fundraising expenses 0. Total expenses 105,135. Employment services: program service expenses 19,628. Management and general expenses 48,346. Fundraising expenses 1,318. Total expenses 69,292.”

“Change in value of split interest agreements -375,731. Equity in earnings of affiliated corporation (net dividends paid) -53,691.”

“The organization has an audit committee comprised of members of the board of directors. The committee meets with the audit partner prior to the start of the audit and again at the completion of the audit when a draft of the report is presented. They also meet with the auditors without management present. They have the opportunity to ask questions prior to the completed audit presentation to the board. This process has not changed from prior years.”