Clearwater for Youth Inc

“The executive committee, comprised of the five (5) trustee officers of the organization, has the authority to act on behalf of the board of trustees in the management of the organization, except as such authority is limited by statute or by the board of trustees. The committee has no authority to alter, amend, or repeal the articles of incorporation or the bylaws of the corporation or to appoint trustees. A summary of all actions of the executive committee is required to be reported at the next meeting of the board of trustees. Committee meeting minutes are made available to the board of trustees upon request.”

“Board members william and danny fisher are father and son.”

“The organization's form 990 is reviewed and approved by the executive committee. The form is then presented to the full board of trustees for final review and comment.”

“Interested persons are required to sign a disclosure form annually. In addition, each interested person is required to disclose all material facts relating to any actual or potential conflict of interest at a meeting of the board of trustees and/or at a meeting of any committee that is considering the proposed action or arrangement. Meeting minutes are required to contain the specific facts of the action or arrangement, content discussion, including any alternatives to the proposed transaction, and determination whether a conflict of interest exists.”

“The executive committee evaluates the performance of the executive director annually and sets his/her compensation level. Performance, market conditions, as well as duties and responsibilities play a role in determining the executive director's compensation.”

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

“Recovery of prior year scholarships 7,100.”

“The organization's financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the united states of america ('gaap') and, accordingly, reflect all significant receivables, payables and other liabilities. In prior years, the organization's financial statements were prepared on the cash basis of accounting.”

“The finance and investment committee assumes responsibility for oversight of the financial statement audit and selection of the independent accountant. The committee identifies three firms with relevant nfp experience and then reviews credentials, qualifications, references, and fee quotes. All those factors are considered in making a final decision on which firm is best suited to provide the service. This process has not changed from the prior year.”