Chinese for Affirmative Action

“The finance policies & procedures require the signature of the executive director on the form 990. The executive director is responsible for reviewing the form 990 to ensure a complete and accurate filing, a live signature by the executive director indicating his/her approval for filing is required on the form 990 before submission.”

“All staff are trained on the record/document retention, conflict of interest and whistleblower protection policies as part of initial staff orientation and annually at staff meetings. Board and staff complete the conflict of interest disclosures on an annual basis. Implementation of policies is monitored by senior management and the administration and finance manager. The executive director works with the board chair on the annual filing of conflict of interest. The whistleblower protection policy is posted prominently for all staff, proper implementaion is supervised by senior management should the need arise.”

“Line 15a: the executive committee makes the recommendation for the executive director salary to the full board of directors for approval. The decision is based on the performance review of the executive director, the board's extensive knowledge and experience with executive compensation at similar organizations, compensation levels of past executive directors, and compensation levels of other staff. Line 15b: the executive director determined and approved the salary of the chief financial officer. The decision is based on a performance review of the chief financial officer and compensation levels of the other staff.”

“Other organization documents publicly available the organization's governing documents, policies and financial statements are made available upon request.”

“Though the fundraising events net income reported on form 990, line 8 and schedule g, part ii shows a net loss that is not the case. Per irs reporting, the organization is required to carve out the contributions received for the fundraising events and report the revenue on form 990, part viii, line 1 instead of line 8. Overall the events generated a net income of $161,857.”

“Subcontractors: program service expenses 624,751. Management and general expenses 0. Fundraising expenses 0. Total expenses 624,751. Consultants: program service expenses 197,744. Management and general expenses 563. Fundraising expenses 0. Total expenses 198,307.”