Saint Vincent Mission Inc.

“Once the 990 is received from the accountant it is emailed to all Board members. They are asked to review and suggest any corrections/additions and email them back to the Executive Director. The Executive Director reviews the 990 as well and formulates corrections/additions if any were made by the board members and emails them to the accountant. The corrections/additions are then discussed between the Executive Director and the accountant. The corrected 990 is then re-submitted to the Executive Director for final review and signature.”

“The conflict of interest policy requires directors,officers, and key employees to annually review the policy and complete a disclosure form identifying any related parties of financial relationships that could potentially be in conflict with St. Vincents Missions interest. The annual disclosure is referenced in the minutes of the Board and the individual statements are maintained by the director.”

“The executive director completes an annual self-evaluation which is submitted to the Board who reviews the document in detail before approving any salary increase. Salary increases for all employees are reviewed and approved by the Board as part of the budget process.”

“Form 990 and 1023 are available for public inspection upon request. The annual form 990 is available on the organizations website - stvincentmission.org. Polices and procedures are reviewed by the Board of Directors and applicable policies are submitted with Form 990 in the year of adoption. Interim financial statements and annual budgets and financial statements are submitted for Board review.”

“I-12; Estimate Calculations.St. Vincent Mission estimates the cost of donated food based upon valuations established each year from Gods Pantry. Donations of new clothing, household goods, toys and books are estimated at cost to reach the value of donated items given out through the Missions second hand store and Christmas program. The value of used clothing is not inclued in the cost of donated goods. The value of volunteer labor is calculated based on the annual rate for Kentucky established by Independent Sector.”