Providence Speech and Hearing Center

“The ceo, coo/cfo, the chairman of the finance committee and members will have reviewed the completed form 990 for completeness and accuracy prior to its submission to the internal revenue service. In addition, a copy of the completed and reviewed form 990 will be submitted to each board member prior to the scheduled board meeting for review and approval prior to its submission to the internal revenue service.”

“All board members shall complete a conflict of interest statement and be responsible for updating pertinent information to reflect applicable changes. The statement will be retained in the pshc database and be made available for review upon request of the board president, executive director or any authorized auditing entity.”

“On an annual basis the personnel committee of the board of directors reviews and submits salary recommendations for the ceo and other top management positions of the company to the board of directors for approval. In determining appropriate salary recommendations, the personnel committee uses community surveys and a national database to determine compensation. In addition, annual surveys are conducted based upon available national, state and local market data for each position within the company.”

“We make our governing documents, conflict of interest policies and financial information available to the general public upon request either through our web site or in person. Form 990 is also available on guidestar.org.”

“The organization has an audit committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. The oversight process or selection process has not changed during the year. Below are the duties and membership criteria of the audit committee: duties: - recommends accounting firm retention and termination - negotiates the accounting firm's compensation - confers with the accounting firm to assure financial affairs are in order - determines whether to accept the audit - approves performance non-audit services to be provided by accounting firm - reports audit findings to board of directors - ensures that audit recommendations are adequately and timely implemented by staff membership: - chairperson may not be a finance committee member - finance committee members must comprise less than 50% of membership - may include non board of director members - no member of staff, including management - no person with a material financial interest in an entity doing business with providence speech and hearing center”