Korean American Family Services Inc

“Form 990 is carefully reviewed by the internal affairs committee prior to filing. A complete copy of the form 990 is provided to the board prior to filing.”

“All board members, officers and key employees are covered persons under the organization's conflict of interest policy. All covered persons are required to provide full disclosure of any business, personal or financial interest in which the person might influence (or appear to influence) his or her official decisions or action on behalf of korean american family services, inc. Disclosure should be made on a timely basis in writing. In connection with any actual or possible conflict of interest, an employee must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the executive director considering the proposed transaction or arrangement. For officers and board members, in connection with any actual or possible conflict of interest, he/she must disclose the existence of the transaction or financial interest and be given to the opportunity to disclose all material facts to the board or its committee. Board members are expected to abstain from the discussion and voting on matters that pertain to any potential conflict they may have. All board members, officers and employees are required to complete an annual conflict of interest disclosure.”

“Korean american family services, inc.'s board of directors has a process for reviewing and approving the compensation and benefits of the executive director 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 executive director 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. Outside compensation & benefits consultants have been hired to review and evaluate all employee compensation packages, including that of the executive director. 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, conflict of interest policy, and financial statements are available upon written request.”

“Pofessional services: program service expenses 94,669. Management and general expenses 3,125. Fundraising expenses 857. Total expenses 98,651. Outside services: program service expenses 124,093. Management and general expenses 22,274. Fundraising expenses 0. Total expenses 146,367.”

“Staff education: program service expenses 10,991. Management and general expenses 3,763. Fundraising expenses 0. Total expenses 14,754. Development: program service expenses 2,264. Management and general expenses 813. Fundraising expenses 0. Total expenses 3,077.”