Lemnis

“Nwea no longer has a chief operating officer. The chief financial officer's powers were expanded in the absence of both the chief executive officer and the president.”

“The audit and finance committee of the board of directors reviews and approves the form 990 prior to filing. A full copy of the tax return is distributed to the board prior to filing with the irs.”

“Signed statements are collected annually from each director or officer of the board of directors and key employees that affirm that each individual has received a copy of the conflict of interest policy, has read and understands the policy, complies with the policy, and understands that nwea is a charitable organization that must engage primarily in activities which accomplish one or more of its tax-exempt purposes. The failure of any director of the board of directors to sign such a statement at least once every twelve (12) months will disqualify that individual from further service as a director of the board of directors until the required statement is signed. Failure to sign by a key employee will result in immediate review under the direction of human resources in conjunction with the chief financial officer. All directors and key employees are required to annually complete conflict of interest disclosures. These are reviewed by the corporate secretary to determine whether there are any potential conflicts of interest. If there is a potential conflict of interest at the key employee or board level, the potential conflict is brought to the board for review and determination regarding the potential conflict.”

“The setting of the ceo and other executive compensation was done in connection with an independent compensation consultant who reviewed market information and made recommendations to the board of directors. The board reviewed the independent analysis and recommendations and approved compensation and pay ranges for the ceo and other members of the executive team. This same approach was performed by a separate compensation consultant for the rest of the organization, including the board of directors, in order to maintain independence with human resources functions. The last compensation review was in august, 2017.”

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

“Volunteers are composed of uncompensated board members.”

“Contracted staff: program service expenses 9,877,044. Management and general expenses 3,470,313. Fundraising expenses 0. Total expenses 13,347,357. Other contracted services: program service expenses 7,784,286. Management and general expenses 5,235,911. Fundraising expenses 0. Total expenses 13,020,197.”

“Loss on contracts 978,880. Impairment loss -919,438.”