Olalla Recovery Centers

“The organization shall have an annual accountant's review performed by a certified public accountant in accordance with statements on standards for accounting and review services issued by the american institute of certified public accountants. Form 990, return of organization exempt from income tax shall be prepared by the certified public accountant performing the accountant's review. A draft accountant's review and draft form 990 shall be provided to the organization's management and board of directors for review prior to issuing the final documents.”

“Any conflict of interest is identified to the board and the board member is required to abstain from voting when such action is likely to present a conflict of interest. Failure to disclose a conflict of interest shall provide a basis for action for removal of that board member and the board may reconsider any action taken as a result of the lack of disclosure.”

“The board of directors has a compensation committee that reviews the executive director's job performance and compensation. The compensation committee establishes the executive director's compensation based upon a comparison to the united way of king county wage & benefit survey for nonprofit organizations. The executive director implements the organizations annual salary and wage program based upon employee performance and budget. Key employee salaries are also compared to the united way of king county wage & benefit survey for nonprofit organizations.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“The board of directors assumes responsibilty for the oversight of the annual reviewed financial statements. This process has not changed its oversight process during the current tax year.”