Los Angeles Chapter National Tooling &

“La/ntma's outside cpa firm and the director of finance prepare the form 990. The form is then reviewed and approved by the organization's president. The form is provided to and reviewed with the entire board of trustees prior to filing with the irs.”

“Ntma training center's board of trustees has a process for reviewing and approving the compensation of the president/ceo, other officers, and 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. The process for determining the compensation paid to the president, other officers, and key employees includes the approval of the compensation arrangement in advance, by the board of directors, with all persons with a conflict of interest abstaining from the board's deliberation and discussion. The board reviews data of comparable compensation for similarly qualified nonprofit executives at similarly situated entities. The documentation of the board includes the terms of the transaction and the date of approval, the members who were present during the debate and vote on the transaction, a description of the comparable data and how it was obtained, and documentation of the basis for the determination.”

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

“Professional fees: program service expenses 0. Management and general expenses 308,512. Fundraising expenses 0. Total expenses 308,512.”

“Equipment repair & maintenance: program service expenses 30,950. Management and general expenses 6,990. Fundraising expenses 0. Total expenses 37,940. Dues & subscriptions: program service expenses 26,065. Management and general expenses 11,612. Fundraising expenses 0. Total expenses 37,677. Licenses & fees: program service expenses 26,930. Management and general expenses 6,082. Fundraising expenses 0. Total expenses 33,012. Student assistance fees: program service expenses 4,618. Management and general expenses 1,043. Fundraising expenses 0. Total expenses 5,661.”