El Sereno Community Land Trust

“The form 990 is submitted to the Executed Director for review and presented to the Board for final review and approval of the information prior to filing. The following are the important views that the Board should be aware of from the Form 990:1. Governance( the description of the organizations mission and written policies; how governing decisions are made if meetings are documented in writing; changes to governing documents). 2. Tax Compliance ( proper classification of employee or independent contractors, filing of employment tax returns and timely deposits of payroll taxes, proper receipts furnished to donors for contributions received by the organization and filing of tax returns for unrelated business income)3. Financial Management ( relationship of administrative and fund-raising expenses compared to total expenses and organizational revenue, if an independent auditors were hired to audit the financial statements each year and description of the process used in determining the compensation of top organization officials and the reasonableness of the salaries)”

“The evaluation of performance of the Executive Director will follow the same evaluation procedure discussed in the Staff Evaluations and Salary Reviews section of the personnel policies and procedures handbook. The evaluation will take place on annual basis and must occur within the last two months of each fiscal year. The Executive Director will complete a self evaluation form and will be submitted to the Board for review.”

“The evaluation of performance of the key staff and officer will follow the same evaluation procedure discussed in the Staff Evaluations and Salary Reviews section of the personnel policies and procedures handbook. The evaluation will take place on annual basis and must occur within the last two months of each fiscal year.”