El Refugio Inc.

“The 990 is reviewed by the Board Members of the organization after it is filed.”

“The Board of Directors regularly monitors the conflict of interest policy.”

“The Board of Directors review the compensation of all employees on a yearly basis.”

“All employees compensation is done competitively to others in the field. All of the Organizations employees are compensated below the national average but within the local environment.”

“The Organization makes its government documents, conflict of interest policy and financial statements available to the public when requested. This is done electronically, fax, or by mail. Interested parties are guided to the guidestar.org website where it is available for review. There is a small fee for copies requested.”

“Program Service Expenses 63,252, Grants and allocations 58,122, Revenue 0 The Paycheck Protection Program offer SBA-guaranteed loans that can be used to pay employee salaries and wages, including benefits, vacation, and paid sick leave, mortgage interest, rent and utilities. The organization utilized this program with 58,122 qualified expenses.”

“Program Service Expenses 40,657, Grants and allocations 90,094, Revenue 0 The New Mexico Mortgage Finance Authority MFA with the Emergency Homeless Assistance Program to address the impact of the COVID-19 crisis in New Mexico.”

“Program Service Expenses 43,529, Grants and allocations 43,326, Revenue 0 The New Mexico Mortgage Finance Authority MFA with the Emergency Homeless Assistance Program to allocate funding to pursuant to the McKinney-Vento Homeless Assistance Act, as amended by the Hearth Act of 2009.”

“Program Service Expenses 6,845, Grants and allocations 7,348, Revenue 0 The Child and Adult Care Food Program CACFP reimburses the agency for providing nutritious meals and snacks to the clients who are housed by the agency.”

“Program Service Expenses 58,846, Grants and allocations 56,590, Revenue 0 This local support is directly used to further the mission of the program. This would be to provide free services to assist clients with life skill development, childrens activities, safety planning, educational classes, and providing necessary referrals and others resources.”

“The Organization called for a Prior Period Adjustment for 25,308 to be recorded. There were transactions of qualifying expenses within the Paycheck Protection Program PPP that were paid in the Fiscal Year June 30, 2020. The transaction should have been recorded as a prepaid item, rather than an expenditure. This caused for an overstatement of expenses in FY 2020, thus a prior period adjustment in the amount of 25,308 is reflected.”