Nido De Esperanza Charitable Society

“In fiscal year 2025 the organization engaged an independent consultant, kathleen jones, to provide financial management services. The organization paid $44,378 for her services in fiscal year 2025.”

“Effective july 2023 the board agreed that the entire board could serve as the finance/audit/investment committee given the board's small size.”

“The organization has its form 990 prepared by an outside accounting firm. It is reviewed by the organization's president and executive director and an outside consultant. It is then sent to the members of the audit & finance committee for their review and approval. All members of the organization's board of directors receive a complete copy of the form 990 (and vote to approve form 990) prior to filing with the irs.”

“The organization has a conflict of interest policy which covers board members and officers. In january/february of each year, all employees, board members, and officers must read and sign the conflict of interest policy, as well as complete an annual disclosure statement. If a conflict is to arise, the interested person may make a presentation at the governing board or committee meeting, but after the presentation he/she must leave the meeting while the determination of the conflict is discussed and voted upon. If appropriate, the committee appoints a disinterested person to investigate alternatives to the conflict. If it is determined a conflict exists, the individual does not participate in any discussion of, or action on, the transaction or issue that is subject to the conflict. The minutes of the governing board includes the names of persons who disclosed or were found to have a conflict of interest, the nature of the interest, any action taken, and the board's decision as to whether a conflict in fact existed. The names of the persons present for the discussions and votes relating to the conflict, content of the discussion, any alternatives to the proposed conflict, and record of votes taken are also included in the minutes.”

“Annual compensation for the organization's executive director was based on comparable data for similar organizations in nyc, provided by an independent consultant, and was approved by the board. The process last occurred in 2024 and was documented in the minutes of the organization.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available upon request. The financial statements and form 990 are also available on the organization's website.”