Avenidas

“The board of directors has delegated responsibility for review of form 990 to the audit committee of the board; such committee does review the return before it is filed. Form 990 is sent to all board members via email. Questions from the board or committee are responded to via email or in meetings.”

“Conflict of interest compliance is reviewed annually at a board meeting. Board members and employees with substantial influence over avenidas are required to sign the organization's "conflict of interest and disclosure statement" annually. Any disclosed events, transactions, arrangements or other situations deemed to be potentially a conflict of interest are discussed with the full board and voted on as necessary. Determining whether a conflict of interest exists: the president & ceo determines a conflict of interest with regard to an employee without substantial influence over avenidas; the board determines if a conflict of interest exists with regard to the president & ceo or an employee with substantial influence over avenidas; the remaining board members determine if a conflict of interest exists with regard to a board member. With regard to an employee without substantial influence over avenidas, the president & ceo shall determine whether a conflict of interest exists. With regard to the president & ceo, or an employee with substantial influence over avenidas, the board shall determine if a conflict of interest exists. If there is a question as to whether an employee has substantial influence over avenidas, the president & ceo shall present this issue to the board of directors, and the board shall resolve the matter. After an affiliation disclosure by a board member, the board member shall leave the meeting while the implications of the affiliation are considered and voted upon. The remaining board members shall determine if a conflict of interest exists.”

“The board reviewed the compensation using the "fair pay for northern california nonprofits: the 2015 compensation and benefits survey" in september 2015.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request for the same period of time set forth in sec. 6104(d).”

“In march 2014, avenidas launched a campaign to raise funds for a project (capital project) intended to expand and renovate the historic building in which avenidas is housed, with the goal of improving and increasing the services offered. Since inception, the capital project has raised $5,222,165, of which $4,435,441, net of discounts of $374,731, are in pledges receivable. Additionally, the board designated $980,000 to the capital project, of which $236,101 was transferred to capital project operations during the year ending june 30, 2016 and $527,214 since inception. Capital project funds as of june 30, 2016 are as follows: sources: campaign-to-date cash contributions $ 1,161,455 pledges outstanding 4,435,441 less pledge discounts (374,731) net asset transfers 527,214 total sources $ 5,749,379 the current estimate for the total capital project is $18,000,000. Since inception, $877,281 has been expended for the capital project as follows: uses: campaign-to-date architectural and design fees $ 160,215 project management and fees 189,852 fundraising expenses 527,214 total uses $ 877,281 in october 2015, the palo alto city council voted to approve $5,000,000 in funding toward the necessary seismic and other improvements to the existing building. The funding is subject to subsequent environmental review and approval of final project design by city boards, commissions and council. It is not included in net assets as of june 30, 2016.”

“The volunteers provide rides to seniors, tutoring for school age children, pc/mac computer classes and one-on-one tutoring, preventative health services (screenings, body work, meditation, blood pressure checks), language, current affairs and other lifelong learning courses, exercise classes and groups (i.e. Walking and biking groups), support to staff at our adult day health center for participants, and for overall avenidas administration in the form of data entry, mailings and other projects. Volunteers in the village help with other village members by serving as medpals (accompanying to doctor appointments), driving and helping around the home. They also serve on various committees in support of village staff.”