Project Self-Sufficiency of Loveland - Fort Collins

“The 990 will be reviewed and approved by the board prior to filing.”

“At each monthly board meeting, conflicts of interest are requested to be disclosed at the beginning of each meeting. Should a conflict of interest be perceived or anticipated, this is subject for discussion at the executive committee or full board level.”

“The executive directors performance is reviewed by the board annually and any decisions made about pay increases are made by the executive committee.”

“Every three years the staff gathers comparables on similar positions in the nonprofit and government sectors. These are submitted to the executive committee and then the board for review. If approved, salary ranges for staff may be altered. In addition, as part of the annual staff performance evaluation process, all staff salaries are reviewed and compensation adjusted, if merited.”

“All documents are available upon request.”

“Our mission is to assist low-income, single parents in their efforts to achieve economic independence and become free from community and government assistance while building and maintaining strong, healthy families. Every day, project self-sufficiency breaks new ground with single-parent families to access their selfpower. Our ultimate goal is for families to live a completely different life through the power of education and a targeted career path.”

“See line 4c for description of new program.”

“Project self-sufficiency assisted 140 single parents during the year ended december 31, 2018. Each program participant was matched with an advisor from the project self-sufficiency staff who helps with goal setting, career planning, problem solving, barrier removal, access to education, counseling, and employment. Expenses to provide these services include salaries and benefits for program staff and program management, as well as supplies, postage, printing, office space and other expenses related to program execution. Additional expenses related to program activities and resources that directly remove barriers to self-sufficiency are included in the categories below. See the annual program report at www.bringthepower.org for further information. Look in the "about us" section.”

“Line 27-29: the organization has adopted the principles of fasb asu no. 2016-14 (asc 958) for its audited financial statements for the period ended december 31, 2018. To date, form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have included the net asset categories in our audited financial statements on existing form 990, part x, lines 27-29 as follows: net assets without donor restrictions 1,648,971 net assets with donor restrictions 728,614 total net assets 2,377,585 unrestriced net assets 1,648,971 temporarily restricted net assets 517,770 permanently restricted net assets 210,844 total net assets 2,377,585”

“-38,574 adjustment to net assets is due to a restatement of the prior year audited finanacial statments.”

“Line 2a an internal bookkeeper, who is a cpa, prepares monthly financials for board review.”