Partnersglobal

“The federal form 990 is prepared by an independent accounting firm in coordination with the senior director of finance prior to filing with the internal revenue service. The draft federal form 990 is reviewed and approved by the co-executive directors and board chair.”

“Any director, officer, employee, or committee member having an interest in a contract or other transaction or determination (all the foregoing referred to as "proposed arrangement") presented to the board of directors or a committee for recommendation, authorization, approval, or ratification shall give a prompt, full and frank disclosure of his/her interest to the board of directors prior to board action on the proposed arrangement. Any person having made a disclosure may make a presentation at a board of directors meeting, but after the presentation, s/he shall leave the meeting during the discussion of and the vote upon the arrangement involving the potential conflict of interest and such person may not be counted in determining the existence of a quorum. The board of directors shall thereby determine by majority vote whether the disclosure indicates that a conflict of interest exists or could reasonably be construed to exist. If the board of directors determines that a conflict of interest exists or could reasonably be construed to exist, the board of directors shall investigate alternatives to the proposed arrangement, and after exercising due diligence, the board of directors shall determine whether the organization can obtain with reasonable effort a more advantageous arrangement.”

“Partners performs an annual review of salaries based on market data and updates its salary matrix accordingly. Employees are hired through the competitive process and initial salaries are being negotiated based on the salary matrix. Once the employee has been hired and salary established, the organization performs an annual evaluation of the employee's performance, and because of this review decisions are made on increasing the salary. According to the internal organizational policy, the annual salary increases are limited to the level of maximum 5%, and lower. Each year the senior management team decides on the maximum percentage of salary increases based on factors such as inflation rates, market data on salary dynamics, etc. Partners president's salary is reviewed annually by the board of directors. The board of directors reviews the annual performance evaluation report and approves results and then decides on a salary increase. The board of directors may also provide a bonus payment if it believes an additional incentive was deserved. Salary increases will be provided to the president in accordance with internal policy and is limited to 5%.”

“Partnersglobal makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Outside contract services: program service expenses 1,404,940. Management and general expenses 90,203. Fundraising expenses 0. Total expenses 1,495,143. Consultants: program service expenses 800,450. Management and general expenses 51,392. Fundraising expenses 0. Total expenses 851,842. Affiliate office expenses: program service expenses 11,712. Management and general expenses 752. Fundraising expenses 0. Total expenses 12,464.”

“NO CHANGE TO PRIOR YEAR”