Treehouse

“The 990 documentation is prepared by the controller with oversight from the agency's senior management. Once completed it is sent to an outside accounting firm for final preparation. The draft document is returned for internal management review and for review by the finance committee and the board treasurer. It is also made available in draft form to all board members. Adjustments, if any, are made and returned to the outside accountant for final revisions. The final form 990 is received by senior management for final review and is then e-mailed to the complete board of directors prior to filing for their final review.”

“All board members and staff review and sign their agreement to our published policy upon joining treehouse. Annually, this policy is reviewed and updated for ongoing compliance. Currently, no board members are in a financially beneficial relationship with treehouse.”

“Treehouse reviews salary information annually provided in the washington employers/united way salary survey (we/uwss) of northwest non-profits and compares the salary categories and titles for positional fit with all treehouse positions. The salary data is aged as necessary to get to current year status and then all positions are reviewed for comparability to positions that fit in our category of greater than 50 employees, budgets between $5 and $10 million for social service agencies in king county. During the annual employee performance appraisal process each staff position is reviewed by their supervisor. The executive committee of the board of directors conducts this annual review of the ceo. The ceo conducts the reviews of all directors and each director conducts the review of their direct staff with oversight of the reviews done by their direct staff. After the annual review process is completed, the leadership team makes recommendations to the directors for appropriate merit increases based on a number of factors including the annual performance evaluation information. The executive director reviews all of these recommendations and with the director of administration and finance finalizes merit and any market adjustment based on these recommendations. The annual compensation analysis for executive director positions of comparable northwest non-profits from the we/uwss is forwarded to the executive committee of the board of directors who review it and make a recommendation to the full treehouse board of directors for any annual merit or market adjustment to salary. The board reviews and discusses this recommendation before the board votes on a final adjustment to pay. Staff benefits are also reviewed annually by the leadership team and primarily consist of vacation and sick time off, holiday pay for approved holidays, medical insurance coverage, long term disability and access to section 125 flex spending plan for approved categories of deductible expenses and a voluntary 403b retirement program. In addition, officers and directors of the board receive no compensation or benefits for their roles.”

“Copies of form 990, form 1023, audited financial statements, governing documents, and the conflict of interest policy are available upon request vis electronic or regular mail. Interested individuals may also view them in person at our main office. We currently also post on our website the form 990 and audited financials statements for the past 3 years.”

“Management comments on $3.6 million increase in net assets: - received $1.8 million in onetime ppp loan from the sba with a high probability of the loan being forgiven. - in response to uncertainty due to covid 19 and volatility in us markets, management reduced operational expenses by 30% - covid 19 safety protocols eliminated face to face engagement with the youth, which limited travel costs to almost zero for the second half of the year - surplus recoups $(2.2) million operational deficit experienced in 2019 fiscal year. - surplus will be invested beginning in 2022 fy to help accelerated expansion across existing and new districts in the state of washington.”