Daft Youth Services Inc.

“DAFT Youth Services Inc. contracted with New Life Tax & Accounting to handle its financial books and related accounting functions. This arrangement includes the management of financial records, preparation of financial statements, and oversight of bookkeeping duties for the organization. New Life Tax & Accounting does not have decision-making authority over DAFT Youth Services Inc.s operational or governance matters, which remain under the supervision of the organizations officers and board members.”

“Prior to filing, a complete copy of the Form 990 was circulated to all members of the DAFT Youth Services Inc. Board of Directors for their review. The Board members were given the opportunity to ask questions, request clarifications, and provide feedback on the return. This review process was conducted via email circulation and was also discussed at a regularly scheduled Board meeting. Any comments or corrections suggested by the Board were considered and incorporated before the Form 990 was finalized and filed with the IRS.”

“D.A.F.T. Youth Services INC maintains a Conflict of Interest Policy adopted on July 15, 2023, ensuring ethical governance. All board members, officers, and key employees annually disclose potential conflicts of interest and affirm their compliance. Conflicts are reviewed by disinterested board members, with recusal from decisions as appropriate. Meeting minutes document all related disclosures and actions taken, demonstrating the organizations commitment to transparency and compliance with IRS regulations”

“During the tax year, the Board of Directors of DAFT Youth Services Inc. followed a defined process to determine the compensation of the organizations Executive Director (the top management official). This process included:Independent Review: The compensation package was reviewed and approved by independent members of the Board who did not have a conflict of interest with the Executive Director.Use of Comparability Data: The Board considered compensation data from similarly situated organizations, including published salary surveys and industry benchmarks, to ensure that the proposed compensation was reasonable and comparable.Contemporaneous Documentation: All decisions, discussions, and supporting materials were documented in the Board meeting minutes at the time the approval occurred”

“For the compensation of officers, key employees, and other staff beyond the Executive Director, DAFT Youth Services Inc. employed a similar review process to ensure reasonableness and fairness. This process included:Independent Oversight: Compensation recommendations for officers and key employees were reviewed and approved by the Board of Directors or a designated compensation committee composed of individuals free from conflicts of interest.Comparability Data: The organization examined compensation data from comparable positions in similarly situated nonprofits and considered surveys, published benchmarks, and relevant market analyses to determine fair and competitive salary ranges.Contemporaneous Documentation: The organization documented all steps, discussions, and determinations”

“DAFT Youth Services Inc. makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Individuals interested in reviewing these documents may contact the organizations office at:DAFT Youth Services Inc.85 Grand St, Carriage HouseNewburgh, NY 12550”

“Prior year fund balance adjustment.”

“Line 11GConsultants:Guest Speakers $2748Reading Assessment Coordinators $3730Social Media Coordinator $340”

“Line 24 E Payroll Processing Cost $771Fuel Cost $203Program Supplies $ 4160Taxes & Licenses $ 1049Membership Fees $1050Postage $220Rent $4,200Miscellanouse $50”

“This is our first time filing Form 990-EZ over the $50,000 threshold. During preparation, we discovered prior year bookkeeping errors that needed correction before filing accurately. The time required to make these adjustments caused the delay. We have since strengthened our financial processes and engaged professional accounting support to prevent future issues. Given that this is a first-time filing over the threshold and the necessary corrections, we respectfully request penalty abatement due to reasonable cause.”