Wellspring Family Services

“The form 990 is prepared by the outside cpa firm. Board members are provided copies of the form 990 prior to filing with the irs. In addition, the form 990 is reviewed and approved by the finance committee.”

“Officers, directors, and key employees are required to review the conflict of interest policy and disclose any potential conflict of interest annually. The policy is monitored and enforced as a part of the fiscal audit process. The audit committee addresses any findings if there are any. If a conflict arises, the board member recuses him/herself from voting and discussions on the relevant matter with the audit committee.”

“Annually, if there is a salary increase, the board executive committee reviews and approves the salaries of the ceo and senior executives. The approval includes verification by the approving members that they are independent and unrelated to the executives. Compensation market data is used to make the decision. The last review was done in december 2014.”

“Governing documents, conflict of interest policy and financial statements are available to the public upon request.”

“The number of volunteers is tracked by the early learning center, baby boutique and fund development programs. 2% volunteer in the early learning center, assisting teachers and therapists in the classroom. 93% volunteer in the baby boutique, assisting clients and organizing donations for families to get free baby supplies, clothes and toys. 2% help with communications outreach and fundraising events. 3% serve as volunteer directors on the agency board of directors.”

“Contract therapists: program service expenses 1,215,221. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,215,221. Contract trainers: program service expenses 42,177. Management and general expenses 0. Fundraising expenses 0. Total expenses 42,177. Eap vendors: program service expenses 186,656. Management and general expenses 0. Fundraising expenses 0. Total expenses 186,656. Contract services: program service expenses 282,670. Management and general expenses 92,303. Fundraising expenses 6,120. Total expenses 381,093. Consultants: program service expenses 9,773. Management and general expenses 56,160. Fundraising expenses 0. Total expenses 65,933. Eap legal/ financial providers: program service expenses 69,738. Management and general expenses 0. Fundraising expenses 0. Total expenses 69,738. Other: program service expenses 16,323. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,323.”

“The prior period adjustment was to reflect a revision to the recognition for in-kind contributions of clothing and other child items, which are then in turn donated at no cost to our community services clients. The adjustment is to recognize the value of the in-kind donations that are in inventory at year end.”