| FORM 990, PART VI, SECTION B, LINE 11B |
THE FINANCE DEPARTMENT PREPARES WORKSHEETS FOR THE COMPLETION OF THE ANNUAL IRS FORM 990 AND SUBMITS THE INFORMATION TO THE OUTSIDE ACCOUNTANTS WHO THEN PREPARE THE IRS FORM 990. THE PREPARED FORM 990 IS RETURNED TO THE CHIEF FINANCIAL OFFICER (CEO) FOR REVIEW AND APPROVAL. THE CEO IN CONJUNCTION WITH THE DIRECTOR OF FINANCE REVIEWS AND APPROVES THE COMPLETED IRS FORM 990. THE DIRECTOR OF FINANCE FORWARDS AN ELECTRONIC VERSION OF THE IRS FORM 990 TO THE AUDIT COMMITTEE. THE AUDIT COMMITTEE MEETS WITH THE AUDITOR TO REVIEW AND APPROVE. UPON APPROVAL FROM THE AUDIT COMMITTEE, THE CEO SIGNS THE COMPLETED IRS FORM 990 AND PREPARES IT FOR BOARD PRESENTATION. THE IRS FORM 990 IS THEN FORWARDED TO THE BOARD OF DIRECTORS PRIOR TO FILING THE IRS FORM 990 WITH THE APPROPRIATE FEDERAL AND STATE GOVERNMENT AGENCIES. |
| FORM 990, PART VI, SECTION B, LINE 12C |
A CONFLICT OF INTEREST POLICY IS FURNISHED TO EACH OFFICER, DIRECTOR, AND MEMBER OF A KEY COMMITTEE UPON COMMENCEMENT OF THEIR RESPECTIVE TERMS AND TO A KEY EMPLOYEE UPON COMMENCING EMPLOYMENT. EACH PERSON RECEIVING THE CONFLICT OF INTEREST POLICY MUST ACKNOWLEDGE RECEIPT OF SAME IN WRITING. THESE ACKNOWLEDGEMENTS ARE TO BE RETAINED BY THE DIRECTOR OF FINANCE AND ADMINISTRATION. THE OFFICER, DIRECTOR, MEMBER OF A KEY COMMITTEE, OR KEY EMPLOYEE HAVING THE CONFLICT DISCLOSES, IN WRITING, THE RELATIONSHIP OR INTEREST TO THE PRESIDENT OF THE NCJW IF THE TRANSACTION IS THE SUBJECT OF BOARD APPROVAL OR TO THE CHAIR OF ANY COMMITTEE ACTING ON A TRANSACTION ,PRIOR TO DISCUSSION OR ACTION, WITH A COPY TO THE NCJW PRESIDENT AND EXECUTIVE DIRECTOR. THE OFFICER, DIRECTOR, MEMBER OF A KEY COMMITTEE, OR KEY EMPLOYEE DOES NOT PARTICIPATE IN ANY STAGE OF THE DELIBERATION OR DECISION REGARDING THE MATTER. BEFORE APPROVING THE TRANSACTION, THE BOARD OF DIRECTORS OR COMMITTEE APPROVING THE TRANSACTION CONSIDERS OTHER ALTERNATIVES AND COMPARABILITY DATA AND DETERMINE THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE NCJW. THE MINUTES OF THE MEETING REFLECT THE CONFLICT DISCLOSURE WAS MADE, THE VOTE TAKEN AND, WHERE APPLICABLE, THE ABSTENTION FROM VOTING AND PARTICIPATION OF THE CONFLICTED INDIVIDUAL. |
| FORM 990, PART VI, SECTION B, LINE 15 |
COMPENSATION REVIEW POLICY: THE COMPENSATION REVIEW COMMITTEE IS CONVENED BY THE PRESIDENT OF THE BOARD AND INCLUDES ALL MEMBERS OF THE EXECUTIVE COMMITTEE. THERE WAS REVIEW AND APPROVAL BY THE COMPENSATION COMMITTEE AND THE REVIEW PROCESS WAS DOCUMENTED BY A SEARCH COMMITTEE. COMPENSATION REVIEW OF CHIEF EXECUTIVE OFFICER (CEO) - THE CEO IS A CONTRACTED EMPLOYEE. THE CURRENT CEO IS CONTRACTED FROM JULY 2019 TO JULY 2022. THE PRESIDENT IS RESPONSIBLE FOR PREPARING THE CEO'S EMPLOYMENT CONTRACT AND CONTRACT RENEWALS. DURING ANY EXISTING CONTRACT PERIOD, BUT NOT LESS THAN ANNUALLY THE COMPENSATION REVIEW COMMITTEE WILL BE NOTIFIED OF THE CONTRACTUAL ANNUAL INCREASE. IN A NEW CONTRACT YEAR, AFTER DISCUSSION WITH COMPENSATION REVIEW COMMITTEE AND REVIEW OF FORM 990S OF OTHER ORGANIZATIONS, THE PRESIDENT BEGINS TO NEGOTIATE A SALARY INCREASE WITH THE CEO. ONCE THE SALARY AND TERMS ARE AGREED UPON BETWEEN THE PRESIDENT AND CEO, THE NEW CONTRACT IS THEN SIGNED AND SUBMITTED TO THE DIRECTOR OF FINANCE FOR PROCESSING AND THE AUDIT COMMITTEE IS NOTIFIED OF STATUS. |
| FORM 990, PART VI, SECTION C, LINE 19 |
NCJW DOES MAKE ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC IN THE FOLLOWING WAYS: -THE IRS FORM 990 AND FINANCIAL STATEMENTS MAY BE FOUND ON WWW.GUIDESTAR.ORG. -THE ANNUAL REPORT MAY BE FOUND ON WWW.NCJW.ORG. -THE CONFLICT OF INTEREST POLICY, AS WELL AS OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST IN THE OFFICE LOCATED AT 2055 L STREET NW, SUITE 650, WASHINGTON, DC 20036. |
| FORM 990, PART VIII, LINE 1E: |
ON APRIL 14, 2020, THE ORGANIZATION RECEIVED LOAN PROCEEDS IN THE AMOUNT OF $443,335 UNDER THE PAYCHECK PROTECTION PROGRAM (PPP). UNDER THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES ACT), THE PROMISSORY NOTE MUST BE USED FOR CERTAIN EXPENDITURES WITHIN A 24-WEEK PERIOD TO ULTIMATELY BE FORGIVEN BY THE SMALL BUSINESS ADMINISTRATION. DURING THE YEAR ENDED JUNE 30, 2020, THE ORGANIZATION EXPENDED AND TRACKED THE PPP FUNDS FOR PURPOSES OUTLINED IN THE CARES ACT GUIDANCE AND BELIEVES THEY HAVE MET ALL CONDITIONS SET FORTH FOR FULL FORGIVENESS. ACCORDINGLY, UNDER GUIDANCE FOUND IN FASB ASC 958-605, THE ORGANIZATION HAS RECOGNIZED THE PPP FUNDING AS A CONDITIONAL GRANT BY WHICH ALL CONDITIONS HAVE BEEN MET. THE ORGANIZATION HAS DEEMED THE FORGIVENESS BY THE SBA TO BE HIGHLY PROBABLE, AND AN ADMINISTRATIVE TASK ONLY, BUT NOT A BARRIER TO RECOGNITION. THE $443,335 OF GRANT INCOME IS INCLUDED IN CONTRIBUTIONS REVENUE ON THE ACCOMPANYING STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS. |
| FORM 990, PART XI, LINE 9: |
CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -20,296. |
Attach to Form 990 or 990-EZ.