Aapi Montclair Inc

“The form 990 is made available to the full board of directors before filing with the internal revenue service.”

“Aapi new jersey regularly and consistently monitors compliance of its written conflict of interest policy. The conflict of interest policy applies to the entirety of the board of directors, including officers. Each officer and director has a duty to disclose any actual or possible conflict of interest and all material facts. The intended purpose of the conflict of interest policy is to protect the interests of the organization when it is considering entering into a transaction or arrangement that might benefit the private interests of an officer or director. This policy is intended to supplement, but not replace, applicable state and federal laws governing conflicts of interest for nonprofit and charitable organizations. Aapi new jersey has two primary methods of determining if a conflict of interest exists: 1. Annually, at the start of each term, the recording secretary provides a conflict of interest form to each officer and director of the board. Upon completion, forms are collected and reviewed by the recording secretary. Any concerns are elevated to the full executive committee of the board for discussion and determination of whether a conflict exists. 2. As the year progresses, potential conflicts are further monitored through active discussions among the board whenever considering entering into a new contract, partnership, or transaction. Any concerns are elevated to a meeting of the full executive committee of the board for discussion and determination of whether a conflict exists.”

“Several members of the board of directors undertake a review of compensation for executive directors at comparable small nonprofit organizations in northern new jersey. The review includes examining publicly available salary data from job websites such as indeed and discussing the organization's financial capacity to provide salary and benefits. Based on this review, the board of directors determines an appropriate starting salary for the executive director position. The process was most recently conducted from october to december 2023.”

“Organizing documents are made available to the public upon written request.”

“Consulting services: program service expenses 130,997. Management and general expenses 4,718. Fundraising expenses 2,250. Total expenses 137,965. Stipends: program service expenses 19,620. Management and general expenses 1,000. Fundraising expenses 0. Total expenses 20,620. Training: program service expenses 2,876. Management and general expenses 280. Fundraising expenses 230. Total expenses 3,386. Payroll expenses: program service expenses 0. Management and general expenses 1,652. Fundraising expenses 0. Total expenses 1,652. Recruitment: program service expenses 0. Management and general expenses 0. Fundraising expenses 250. Total expenses 250.”