The Arc of Fort Bend County

“Amendments to the bylaws are subject to approval by members, stockholders, or persons other than the governing body.”

“The irs form 990 will be reviewed and approved with the signature of the chairman of the board of directors. The irs form 990 will be posted in the board section of the arc's website after it is signed by the board chairman. The board of directors will be e-mailed notification when the irs form 990 is posted on the arc's website. A board resolution is not required in order for the irs form 990 to be filed. The irs form 990 may be viewed by the public upon request.”

“At, or immediately after, each annual meeting required by the bylaws, or each annual performance review of an employee, or each contract with an independent contractor, each interested person shall acknowledge in writing that he/she has received a copy of this policy, has read it and understands it, agrees to comply with and is in compliance with this policy, and that he/she is expressly aware of the continuing duty of disclosure of actual or potential conflicts of interest. The annual written acknowledgments shall be maintained as part of the permanent records of the organization.”

“Per the internal controls document, the executive committee will review the most current, published houston united way management assistance program (map) organizations' wage and benefit survey of comparability data for executive compensation in nonprofits. The information from this survey will be utilized, along with other pertinent information in determining the salary of the executive director.”

“The governing documents, conflict of interest policy, and financial statements of the organization are available upon request.”

“Program service income the arc owns and leases group homes to service providers which are certified by the state of texas to provide services to fort bend county, texas. Leases range from $1,250 to $2,100 per month. All of the homes are utilized as housing for individuals with intellectual and developmental disabilities. The arc owns and leases its building on industrial blvd. To a service provider under a five-year operating lease with 4 options to renew for 5 years each. The monthly rate is $8,750. The facility is used by the service provider to provide vocational training to individuals with intellectual and developmental disabilities. The arc owns and leases its building on cypress point to a service provider under an operating lease that had a monthly rate of $8,000 per month in 2023. The arc entered into a new lease with a new tenant in february 2024 at a rate of $9,750 per month for a lease term of 5 years. This facility is used by the service provider to provide vocational training to individuals with intellectual and developmental disabilities. The arc owns and leases sections of its newly purchased building on julie rivers drive as office space to various businesses. Leases are on a month-to-month basis with rental payments ranging from $500 to $1,500 per month. Rental income was $511,400 and $498,890 for the years ended december 31, 2024 and 2023, respectively, and is recognized on a straight-line basis over the lease terms, which may differ from actual cash receipts due to escalating payments.”

“The arc of fort bend county 407 julie rivers dr sugar land, tx 77478 employer identification number: 74-6076222 for the year ending december 31, 2024 the arc of fort bend county is making the de minimis safe harbor election under reg. Sec. 1.263 a)-1(f).”

“The organization's process for assuming responsibility for oversight of the audit, review, or compilation of its financial statements and the selection of an independent auditor have not changed from the prior year.”