Casa Esperanza Endowment Foundation Inc.

“The executive committee consists of 6 board members who may act on behalf of the board.”

“1 - the annual board meeting time frame has been changed from "a date not later than 90 days following the end of the corporation's fiscal year" to "a date not later than 160 days following the end of the corporation's fiscal year". 2 - the name of the board's "budget and finance committee" has been changed to the "finance and investments committee".”

“Form 990 is provided to the finance & investments committee of the board for its review and then it is e-mailed to board members prior to filing who can then ask questions at the board meeting.”

“Each member of the board of directors is required to sign conflict of interest forms every year. Potential conflicts are noted in the minutes and monitored throughout the year.”

“On an annual basis, the executive committee of the casa experanza board of directors will research comparable compensation packages paid to ceo's and executive directors of albuquerque area nonprofit agencies of comparable size in consideration of the compensation of the casa esperanza ceo. This will be part of the basis for the comittee's compensation package recommendation submitted annually to the full board for approval. The executive director recommends salaries for everyone other than herself. She does research through the association of fundraising professional annual report for salaries and by comparisons from information sought from other similar size organizations. Then she includes the selected salaries in the fiscal year personnel budget presented for approval to the executive committee. After this committee approves, the personnel budget goes to the full board for approval without the individual employee details as one lump sum.”

“The organization posts its latest audited financial statements and 990's on its website. The organization's 501(c)(3) letters, conflict of interest policy and governing documents are provided on request. It also provides its financial, gift and investment policies on request. In addition, the organization has an electronic copy of these documents at guest services so that they can be e-mailed or printed and sent by u.s. Mail to those who request them. This process is consistent with prior years.”

“Staff and donor recognition: program service expenses 0. Management and general expenses 378. Fundraising expenses 120. Total expenses 498.”

“The board of directors assumes responsibility for the oversight of the audit of the financial statements and selection of an independant accountant. This process has not changed from the prior year.”