Partnership for Rhode Island

“The form 990 is prepared by the external auditors and reviewed by management. Once all are satisfied with the form, it is finalized and a copy is sent to all board executive committee members. At the subsequent board executive committee meeting, the members are asked if they have any questions or comments and a general review of the form is conducted by management. Revisions, corrections, etc. Are made as necessary. Subsequent to this meeting, the form is submitted to the irs.”

“Each year, the organization's conflict of interest policy is provided to all officers, directors and key employees. These people are asked to review the policy and sign a statement indicating that they understand the policy and have reported all potential conflicts during the past year in accordance with the policy and will report all potential conficts during the coming year. All potential conflicts are evaluated by the board to determine if a conflict acutally exists. In those instances where the potential transaction is a conflict, the board examines the transaction and a vote is taken (with those involved recusing themselves) as to whether the organization will enter into the transaction.”

“Annually the board conducts a performance review and evaluation of the executive director. The review also establishes the individual's compensation for the following year. This process involves the evaluation of the individual and a review of compensation of comparable positions obtained from compensation surveys. The board's deliberation and decision is noted in the minutes of the meeting.”

“The organization makes its governing documents (articles of incorporation and by-laws), and financial statements available upon request. The organization will mail copies upon request or provide copies to those who come to the administrative offices during normal business hours. The organization charges for copies in accordance with irs regulations.”

“Consultants: program service expenses 579,584. Management and general expenses 0. Fundraising expenses 0. Total expenses 579,584.”

“The organization did not change either its oversight process or selection process during the tax year.”