Abilityfirst

“The board delegates authority to the executive committee to act on behalf of the board. The executive committee consists of the following: 1. Chair, wendy lees 2. Vice chair, ray c. Cherry 3. Secretary, kathryn sanders platnick 4. Treasurer, randall repp 5. At large member, david saeta”

“The form 990 is reviewed by the cfo it is then provided to the board of directors prior to being filed.”

“Prior to election and on a not less than annual basis, abilityfirst board members sign a declaration statement disclosing any conflicts of interest. The conflict of interest policy and the board member conflict of interest forms are monitored by the board chair and the governance/nominating committee.”

“Ceo/cfo: a compensation report is prepared by an independent firm at least every 3 years to determine competitive salaries for the abilityfirst ceo and cfo. The board delegates the authority to the executive committee to evaluate and set compensation levels for the ceo and cfo. Proposed compensation increases for the ceo and cfo must be approved by the board if, 1) a proposed increase in base salary exceeds the current base salary by more than 10% or if, 2) a proposed bonus exceeds the prior year's base salary by more than 10% or if, 3) a proposed increase in base salary exceeds by 10% or more the 50th percentile of the compensation report issued by the independent firm. Form 990, part vi, section b, line 15b: for employees other than ceo/cfo: the ceo proposes an annual budget that includes a specific amount for compensation increases. After the agency wide budget is approved by the finance committee and the board of directors, the compensation increases becomes available to be disburse in the following year. In recent years, much of the compensation increase dollars have been spent to cover the minimum wage change implications and adjustments required to maintain pay equity. All compensation changes are subject to review by the ceo and the director of human resources. The ceo approves all compensation increases without the participation of interested persons.”

“The financial statements are available on the organization's website as well as included on the annual report posted on the website. The governing documents and conflict of interest policy are available to the general public upon request.”

“In february 2020, the boards of directors of abilityfirst and fvo solutions, inc. (fvo), a california nonprofit public benefit corporation providing employment programs for individuals with barriers to employment, independently and unanimously approved a resolution to merge the two agencies. The agreement was executed in april 2020 and the formal transfer of assets, liabilities and contracts from fvo to abilityfirst was effective september 1, 2020, with abilityfirst being the surviving entity.”

“Change in value - beneficial interest in perpetual trusts 354,043. Change in value - beneficial interest in charitable remainder trusts 18,802. Bad debt expense -215,940.”