Ritter Center

“The form is reviewed and approved by the organization's ceo and contracted cfo. Subsequently, form 990, complete with all schedules, is then provided to the full board before filing with the irs.”

“The organization has a conflict of interest policy that covers all officers, directors, and employees (covered persons). Policies developed by the board of directors to ensure compliance with the policy include the requirement for all officers and directors to complete an annual disclosure statement and disclose any actual or potential conflicts of interest with respect to all business and family relationships. If the board identifies any potential or actual conflict of interest, such persons are prohibited from participating in the governing body's deliberations and decisions in the transaction. The policy provides that no director of the organization nor any other corporation, firm, association of other entity in which one or more of this organization's directors have a material financial interest will be interested, directly or indirectly in any contract or transaction unless: (1) the material facts regarding that director's financial interest in such contract or transaction or regarding such common directorship, officership, or financial interest are fully disclosed in good faith and noted in the minutes, or are known to all members of the board prior to the board's consideration of such contract or transaction; (2) such contract or transaction is authorized in good faith by a majority of the board by a vote sufficient for that purpose without counting the votes of the interested directors; (3) before authorizing or approving the transaction, the board considers and in goof faith decides after reasonable investigation that the organization could not obtain a more advantageous arrangement with reasonable effort under the circumstances; and (4) the organization for its own benefit enters into the transaction, which is fair and reasonable to the organization at the time the transaction is entered into. The organization's policy also provides: all employees must conduct themselves ethically in a manner that prevents conflict of interest, either real or implied. A conflict of interest exists whenever an employee, or a relative of an employee, has a financial interest, direct or indirect, with a client, vendor, or other principal dealing with the organization which interest is of such an extent that it might affect an employee's judgment or decisions exercised on behalf of the organization. Personal gain may result not only in cases where an employee or relative has a significant ownership in a firm with which the organization does business but also when an employee or relative receives any kickback, bribe, substantial gift, or special consideration as a result of any transaction or business dealings involving the organization. In addition, business dealings with outside firms should not result in unusual gains for those firms. If an employee has any influence on transactions involving purchases, contracts, or leases, it is imperative that he or she disclose to human resources as soon as possible the existence of any actual or potential conflict of interest so that safeguards can be established to protect all parties.”

“The board of directors has a process for reviewing and approving the compensation of the ceo and other key employees on a regular basis to determine it is fair and reasonable with the goal of retaining employees at compensation levels within appropriate market range. When ceo and other executive level compensation was set at the beginning of the fiscal year, the board relied on a compensation study conducted by an independent compensation consultant. Such compensation studies are performed every two to three years. The results of the study were presented to the full board and the board voted on the compensation packages offered to the employees. Additionally, the board approved the compensation ranges for all other key employees; and any subsequent suggested changes to the approved ranges are specifically reviewed and approved by the board prior to implementation. The organization's board of directors contemporaneously documented its deliberations and decisions regarding the compensation arrangements, including who was present, how they voted, a description of the comparability data and how it was obtained.”

“Governing documents, conflict of interest policies, and financial statements can be obtained upon request. However current tax law does not require the governing documents, conflict of interest policy, and financials be provided to the public.”

“Other professional services: program service expenses 14,808. Management and general expenses 7,844. Fundraising expenses 3,381. Total expenses 26,033. Billing management services: program service expenses 254,098. Management and general expenses 134,587. Fundraising expenses 58,008. Total expenses 446,693. Other consulting services: program service expenses 277,526. Management and general expenses 146,996. Fundraising expenses 63,357. Total expenses 487,879. Payroll services: program service expenses 9,666. Management and general expenses 5,120. Fundraising expenses 2,207. Total expenses 16,993. Independent contractors: program service expenses 366,281. Management and general expenses 29,752. Fundraising expenses 42,558. Total expenses 438,591.”