Casa Esperanza Endowment Foundation Inc.

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

“Form 990 is provided to the finance & investment 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.”

“The executive committee of the board of directors annually reviews and approves the compensation of management and staff after performing research and comparative analyses. 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 as one lump sum without the individual employee details.”

“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 834. Fundraising expenses 53. Total expenses 887. Board expenses: program service expenses 0. Management and general expenses 361. Fundraising expenses 0. Total expenses 361. Fundraising expenses: program service expenses 0. Management and general expenses 224. Fundraising expenses 0. Total expenses 224. Other expense: program service expenses 0. Management and general expenses 51. Fundraising expenses 1. Total expenses 52.”

“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.”