Project Independence

“The board nominates board members for the audit committee. The audit committee reviews the finanical documents and tax returns before they are submitted and finalized.”

“The board reviews all issues regarding conflict of interest.”

“The organization utilizes compensation surveys and studies and board approval to establish that compensation is reasonable. The executive director's compensation was reviewed for the fiscal year ended june 30, 2015. The boards of directors form a review board each year to review the executive director's job description and job performance. They approve any pay increases or additional benefits for her position. The senior managers are evaluated by the executive director every few years. No wage increases or other forms of compensation have been made to the management team in the past year.”

“The form 990 is available on guidestar. The form 1023 and form 990 are available upon request.”

“Copies of governing documents, conflict of interest policy, and financial statements are available upon request.”

“Other fees: program service expenses 2,388. Management and general expenses 19,308. Fundraising expenses 0. Total expenses 21,696.”

“Telephone: program service expenses 27,975. Management and general expenses 14,488. Fundraising expenses 360. Total expenses 42,823. Equipment expense: program service expenses 0. Management and general expenses 40,437. Fundraising expenses 0. Total expenses 40,437. Staff development: program service expenses 4,031. Management and general expenses 3,929. Fundraising expenses 1,448. Total expenses 9,408. Printing: program service expenses 2,301. Management and general expenses 3,473. Fundraising expenses 0. Total expenses 5,774. Postage: program service expenses 1,342. Management and general expenses 2,609. Fundraising expenses 0. Total expenses 3,951. Loan amortization: program service expenses 0. Management and general expenses 1,500. Fundraising expenses 0. Total expenses 1,500.”

“Audit committee: the board of directors has constituted an audit committee and delegated to that committee the responsibility for engaging independent auditors and monitoring the audit process. This structure has been in effect in prior years and was not changed in the current year.”