L Arche Daybreak Foundation Us

“A majority of the foundation's board members are board members of L'arche Daybreak, a related 501(c)(3) organization that directly controls the foundation. As such, the board of L'arche Daybreak annually elects the board of the foundation and are responsible for the appointment of foundation's auditors.”

“Process for Reviewing the Form 990 The organization's director of finance, in consultation with the organization's tax advisors, Ernst & Young LLP, ensure the preparation of the return and required disclosures are in compliance with the IRS regulations and rules for Form 990 reporting. The financial review is based on the organization's audited financial statements for the relevant time period. The Form 990 is made available to the board of directors prior to filing with the IRS.”

“CONFLICT OF INTEREST POLICY UPON EMPLOYMENT AND ANNUALLY THEREAFTER, EACH KEY EMPLOYEE AND OFFICER OF THE ORGANIZATION IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST AND DISCLOSURE FORM, PROVIDING SUFFICIENT INFORMATION ABOUT HIS/HER PERSONAL INTERESTS AND RELATIONSHIPS SO THE ORGANIZATION CAN (1) DETERMINE WHETHER ANY POTENTIAL OR ACTUAL CONFLICTS OF INTEREST MAY exist, and (2) monitor work or service assignments to avoid placing the key employee, officer or director in a position where there may be an appearance, potential or actual, of a conflict of interest or a question of objectivity. The completed conflicts of interest and disclosure forms for directors are Returned to the organization. If a conflict of interest is discovered, the affected key employee, officer or director will abstain from participating in any meetings and the decision making process.”

“Compensation Approval Process L'Arche Daybreak Foundation U.S. does not have employees, and therefore, does not pay any compensation. The only compensation recorded on the Foundation's return is for charge-back from related organization (L'Arche Daybreak EIN: 98-0164389) of the Director of Finance's salaries for assisting with the preparation and review process of the financial Statements as well as the Form 990. Related party L'Arche Daybreak does Have a compensation approval process in place as described below: "ON A REGULAR BASIS, L'Arche Daybreak PROVIDES DOCUMENTATION TO THE DIRECTORS OF THE BOARD WITH RESPECT TO THE COMPENSATION OF THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES FOR REVIEW AND APPROVAL. SUCH INFORMATION INCLUDES COMPARABLE DATA FROM SIMILAR SIZE TAX-EXEMPT ORGANIZATIONS IN THE COMMUNITY AS WELL AS COMPENSATION FOR THESE POSITIONS (AS DISCLOSED ON FORM 990) WITH OTHER NOT-FOR-PROFIT ORGANIZATIONS IN THE HUMAN SERVICES SECTOR THAT ARE OF SIMILAR SIZE, DEMOGRAPHICS AND GEOGRAPHY. REVIEW AND APPROVAL OF THE COMPENSATION ARRANGEMENT BY THE OFFICERS/DIRECTORS IS DOCUMENTED."”

“Access to Organizational Documents THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT ITS OFFICE AT 11339 YONGE STREET, RICHMOND HILL, ONTARIO, CANADA L4S 1L1.”

“Financial Statements The separate, independent audited financial statements, as audited by an independent accountant, are prepared in COMPLIANCE with WASHINGTON STATE LAWS REGARDING FINANCIAL STATEMENT REQUIREMENTS FOR A WA CORPORATION.”

“OTHER CHANGE IN NET ASSETS FOREIGN EXCHANGE gain: $399,411”