Centro Latino for Literacy

“The president/ceo, and the treasurer and/or finance committee review the draft 990. Once the draft is approved by these parties, the president/ceo will provide the approved draft 990 in the board package for the next regularly scheduled board meeting. The treasurer and/or the president/ceo will recommend the draft 990 for board approval. The motion will read "the board of directors has received, reviewed and move to approve the draft tax return 990 as presented". The motion will be recorded in the minutes. If the regularly scheduled board meeting is not timely, the president/ceo may choose to send an electronic message to the board members with the attached draft 990 and instruction "please reply 'approve or 'reject' to the following statement: i have received the draft tax form 990 and approve it as presented." board members submit their approval by e-mail and a record is kept of approval.”

“The organization regularly monitors and enforces compliance. The governance committee reviews the conflict of interest policy and questionnaire before the annual board meeting, and the policy is amended based on governance committee recommendations. The conflict of interest policy is sent electronically with the annual board packet to this board meeting. The policy statements are signed and returned at the annual board meeting. In the event of an absence, staff follows through to obtain an executed statement. All policies are filed with board executed forms.”

“The finance committee of the board of directors determines management compensation, taking into consideration performance, compensation history, and relevant comparative data (e.g., compensation & benefits survey by the center for nonprofit management). The recommendation from the finance committee is ratified by the whole board at a regular board meeting.”

“Governing documents, conflict of interest policy, and financial statements of centro latino for literacy are available upon request.”

“Outside consultants-curriculum development: program service expenses 36,067. Management and general expenses 0. Fundraising expenses 0. Total expenses 36,067. Outside services: program service expenses 21,574. Management and general expenses 0. Fundraising expenses 4,800. Total expenses 26,374.”

“The organization has not changed either its oversight process or selection process during the tax year.”