Jewish Big Brothers Big Sisters

“Family or business relationships among directors: arnold nelson and matt nelson are father and son.”

“Describe the process used to review form 990: no review of form 990 was performed by the board of directors prior to its filing.”

“Describe the process the organizations uses to monitor and enforce compliance with the conflict of interest policy. At each board and committee meeting prior to voting on any issue, board/committee members are asked to identify any conflict of interest with regard to the item being voted on, and to abstain from voting where a conflict of interest exists.”

“Describe the process the organization uses to determine compensation of the organization's officers, executives, and employees. The organization's personnel committee (subcommittee of board of directors) sets compensation for the executive director (ed). The committee performs an annual review of the performance of the ed. The committee also gathers input for setting the ed's compensation from local nonprofit compensation surveys, from form 990s of similar organizations in their service area, and from compensation information received from member industry associations. The deliberation and decision regarding the ed's compensation is contemporaneously documented in the minutes of the committee and approved by the full board of directors. The ed is responsible for setting the compensation of other employees through salary information received from similar sources as used in setting the ed compensation. The employee compensation decision is documented in the applicable employee's payroll file.”

“Describe how the organization makes its governing documents, conflict of interest policy, and financial statements available to the public. The organization's governing documents, conflict of interest policy, and audited financial statements are available upon request.”

“In march 2020, congress passed the paycheck protection program (ppp) under division a, title i of the coronavirus aid, relief, and economic security act (cares act), authorizing loans to small businesses and nonprofit organizations for use in paying employees that they continue to employ throughout the covid-19 pandemic and for certain eligible expenses such as rent, utilities, and interest on mortgages. Loans obtained through the program are eligible to be forgiven as long as the proceeds are used for qualifying purposes and certain other conditions are met. In april 2020, the organization received a first draw ppp loan in the amount of $460,600 through the ppp. Management used the entire loan for qualifying purposes. In february 2021, the organization was notified of their loan forgiveness, which was recognized as income on the combined statement of activities during the year ended december 31, 2021. The organization also obtained a second draw ppp loan in the amount of $467,782. Management also used the entire loan for qualifying purposes. In may 2022, the organization was notified of their loan forgiveness, which was recognized as income on the combined statement of activities during the year ended december 31, 2022”

“Book-to-tax difference with audited f/s (reverse py difference) -1.”