Hias Economic Advancement Fund Inc

“Hias, inc is the sole member. The bylaws specify the rights of the sole member, and also state that at all times there shall be one more non-hias director than the number of hias appointed directors.”

“The chair and treasurer of the eaf board are appointed by the member.”

“All decisions of the eaf board are to be determined by majority of the entire eaf board, except for the following actions, which will require a two-thirds vote of the entire eaf board with the approval of the member: (i) any amendments to the charter or by-laws, and (ii) a change to the fundamental structure of the organization.”

“The accounting firm that conducts the audit prepares the form 990 and provides a draft for review by management. Subsequent to that, the complete 990 is presented to the full board for their review prior to filing with the irs.”

“Eaf monitors and complies with its conflict of interest policy by asking each board member and employee to complete an annual conflict of interest disclosure statement, confirming their acknowledgement of having a copy of the policy and disclosing any possible conflicts that would impact decisions they might make or influence on behalf of eaf. The board chair and the executive director monitor these disclosures and provide opportunity at regular board meetings for discussion of any potential conflicts.”

“Compensation is set and approved by the eaf board and in consultation with hias, inc. (an affiliated entity of hias economic advancement fund, inc.) human resources and aligned with the salary band/grade of the director role at hias, inc. Hias, inc. Compensation grades/bands are determined through input from a third party vendor/compensation consultant who conducts surveys/benchmarks. The most recent review for the director took place in september of 2024.”

“These are available upon request.”

“Recruitment: program service expenses 34,946. Management and general expenses 0. Fundraising expenses 10,077. Total expenses 45,023. Other professional fees: program service expenses 23,751. Management and general expenses 0. Fundraising expenses 6,849. Total expenses 30,600. Translation services: program service expenses 3,110. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,110.”