Centro De Fortalecimiento Familiar

“In the ordinary meetings of the Board of Directors, committees present a summary of the issues discussed in their respective meetings. Unless there is an extraordinary committee meeting on which extraordinary issues are discussed, the committee's meetings in general, like the Finance Committee's, are not documented in minutes of meetings.”

“The final draft of Form 990 is reviewed by the Executive Director and the Administrator. They meet and discuss any doubts the Executive Director has. The Finance Committee of the BOD reviews the draft of Form 990, and after clearing any doubts, they provide the draft to the BOD with a positive recommendation for the corresponding approval of the draft by the BOD.”

“Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms that such person: (a) Has received a copy of the conflicts of interest policy, (b) Has read and understands the policy, (c) Has agreed to comply with the policy, and (d) Understands the Organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. As part of this process, the policy is discussed, and doubts are answered before it is signed by the director or officer.”

“Every two years, if the economic conditions of the Organization are adequate, the Board of Directors (BOD) creates a Compensation Evaluation Committee that reviews the salary compensation of the officers. The Treasurer of the BOD leads the committee. The committee uses the sources available for salary analysis among the following: (a) similar industries surveys, (b) the documented compensation of similar job positions in similar nonprofit organizations, (c) studies conducted by compensation experts, (d) PR Department of Labor statistics and other comparable data, (e) other comparable reference material from private foundations and for profit organizations for specific job qualifications. The evaluation is documented in a form with the terms and date of the approved compensation. The evaluation committee makes the recommendation to the BOD, with the corresponding documentation, for its review and approval. The evidence of the evaluation is filed in the employee personnel file, the minutes of meetings of the BOD's Compensation Evaluation Committee and of the BOD. This procedure was established in June, 2009. The most recent revision of officers' salaries was effective on April 1, 2022.”

“The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. The Organization publishes on its web page the statement of activities where the annual results are disclosed to the public.”