International Refugee Assistance Project

“International refugee assistance program inc. Has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, it is reviewed internally by key staff/leadership and then reviewed and approved for filing by the audit committee after being filed. The form 990 is provided to the board after being filed.”

“The board of directors has adopted a conflict of interest policy applicable to all directors, officers, or member of a committee with board delegated powers. All applicable individuals are required to sign a conflict of interest agreement annually, disclosing any possible conflict of interest and are given the opportunity to disclose all material facts to the board. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she leaves the meeting of the board while the determination of a conflict of interest is deliberated and voted upon. The remaining directors decide if a conflict of interest exists by a majority vote. The interested person is not eligible to vote on matters directly pertaining to the business to be transacted. Deliberation and decisions are recorded in the minutes of the board.”

“Executive director's compensation is determined by the board of directors. At the request of the board of directors, salary information was gathered by examining the forms 990 of organizations of similar size, in similar fields in new york city and also by reviewing the annual salary survey of an independent not for profit organization. The board also considers the organization's results over the year in determining the appropriate salary. Comparability data was also used to determine the compensation of the chief operating officer. Once the compensation has been reviewed and approved by the board, the decision is documented within the executive committee's minutes. The last review was performed in fiscal year 2024. Compensation for other chief officers, directors, and vice presidents are determined by a salary range and grade. The compensation is reviewed and approved by the president. This process was last performed in fiscal year 2024.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The returns and financial statements are also posted on its website, guidestar.org and other similar types of websites. In addition, the organization's conflict of interest policy, articles of incorporation and by-laws are also available upon written request.”

“Write off of uncollectible pledges -700,000. Change in beginning of the year net assets -533,414. Foreign currency translation loss -9,714.”

“The organization has a committee that assumes responsibility for the oversight of the audit of its financial statements and selection of an independent accountant. The process has not changed from the prior year.”

“The organization contracted with a professional employer organization (peo) for services, including but not limited to, payroll, timekeeping, employee benefits, hr administration and workforce regulatory compliance needs. As the employer of record for tax purposes, forms w-2 and w-3 are issued by the peo and filed under the peo's federal ein. In this co-employment arrangement, the organization is the common law employer and, accordingly, compensation is reported on form 990, part vii, section a and part ix, lines 5-10.”