FORM 990, PART VI, SECTION B, LINE 11B |
VITAL STRATEGIES USES AN OUTSIDE ACCOUNTANT TO PREPARE ITS FORM 990. AFTER THE FORM 990 HAS BEEN PREPARED, IT IS REVIEWED BY MANAGEMENT. FOLLOWING THAT REVIEW, A COPY OF THE FORM 990 IS PROVIDED TO THE AUDIT COMMITTEE FOR THEIR REVIEW AND APPROVAL. ONCE THE AUDIT COMMITTEE APPROVES THE RETURN, THE FORM 990 IS DISTRIBUTED TO THE BOARD OF TRUSTEES FOR THEIR REVIEW AND APPROVAL. ONCE THE RETURN IS APPROVED BY THE BOARD OF TRUSTEES IT IS FILED ELECTRONICALLY WITH THE INTERNAL REVENUE SERVICE. |
FORM 990, PART VI, SECTION B, LINE 12C |
VITAL STRATEGIES HAS A CONFLICT OF INTEREST POLICY WHICH ALL MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS, EMPLOYEES, INTERNS, AND VOLUNTEERS MUST REVIEW UPON JOINING THE ORGANIZATION. VITAL STRATEGIES ANNUALLY MONITORS AND ENFORCES THE POLICY VIA A CONFLICT OF INTEREST DISCLOSURE FORM, WHICH ALL SUCH PERSONS MUST COMPLETE TO IDENTIFY ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES WHICH THEY BELIEVE COULD CONTRIBUTE TO AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST. MEMBERS OF THE BOARD OF TRUSTEES AND PRESIDENT AND CEO'S FORMS ARE REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD. IF THE PRESIDENT AND CEO AND THE EXECUTIVE COMMITTEE ARE UNABLE TO ESTABLISH WHETHER A CONFLICT OF INTEREST EXISTS, THE MATTER IS REFERRED TO THE AUDIT COMMITTEE. EMPLOYEES, INTERNS AND VOLUNTEERS SUBMIT THEIR FORM TO THE HR DEPARTMENT AND ADDITIONAL REVIEW BY THE LEGAL DEPARTMENT MAY BE NEEDED; ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST IS REPORTED TO THE PRESIDENT AND CEO AND IF THE PRESIDENT AND CEO ARE UNABLE TO DETERMINE IF A CONFLICT OF INTEREST EXISTS, THE MATTER IS REFERRED TO THE AUDIT COMMITTEE. IF AN ACTUAL CONFLICT OF INTEREST EXISTS, THE INDIVIDUAL(S) INVOLVED ARE NOT ALLOWED TO VOTE OR BE PART OF ANY DISCUSSIONS OR DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT RELATE TO THE CONFLICT OF INTEREST UNTIL SUCH TIME AS THERE IS NO LONGER A CONFLICT. |
FORM 990, PART VI, SECTION B, LINE 15A |
THE MANAGEMENT PERFORMANCE COMMITTEE OF THE BOARD, CONSISTING OF INDEPENDENT BOARD MEMBERS, CONDUCTS A PERIODIC REVIEW AND APPROVAL OF THE COMPENSATION OF THE PRESIDENT AND CHIEF EXECUTIVE OFFICER. THE COMMITTEE ASSESSES THE REASONABLENESS OF THE COMPENSATION THROUGH THE ENGAGEMENT OF AN EXTERNAL FIRM WHO REVIEWS THE COMPENSATION IN COMPARISON TO OTHER ORGANIZATIONS. THE COMMITTEE RECOMMENDS THE TOTAL COMPENSATION OF THE PRESIDENT AND CHIEF EXECUTIVE OFFICER TO THE BOARD FOR APPROVAL. THE DELIBERATIONS AND DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED. A BENCHMARKING STUDY IS CONDUCTED EVERY TWELVE TO TWENTY-FOUR MONTHS TO DETERMINE IF THE COMPENSATION BEING PAID TO THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES IS IN LINE WITH INDUSTRY STANDARDS. THE STUDY INCLUDES INDEPENDENT SURVEYS OF NEW YORK CITY BASED NON-PROFIT COMPENSATION PRACTICES AS WELL AS INTERNATIONAL NON-PROFIT ORGANIZATIONS WITH HEADQUARTERS IN THE UNITED STATES. THIS PROCESS LAST OCCURRED IN 2023. |
FORM 990, PART VI, SECTION C, LINE 19 |
VITAL STRATEGIES MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. THE AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE ALSO AVAILABLE ON THE ORGANIZATION'S WEBSITE. |
FORM 990, PART IX, LINE 11G |
TECHNICAL/ ADMINISTRATIVE PROJECT CONSULTANTS: PROGRAM SERVICE EXPENSES 10,444,529. MANAGEMENT AND GENERAL EXPENSES 918,827. FUNDRAISING EXPENSES 21,228. TOTAL EXPENSES 11,384,584. PROGRAM ACTIVITIES AND SERVICES: PROGRAM SERVICE EXPENSES 3,056,658. MANAGEMENT AND GENERAL EXPENSES 216,719. FUNDRAISING EXPENSES 7,481. TOTAL EXPENSES 3,280,858. OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 218,207. MANAGEMENT AND GENERAL EXPENSES 485,697. FUNDRAISING EXPENSES 3,818. TOTAL EXPENSES 707,722. PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 55,318. MANAGEMENT AND GENERAL EXPENSES 13,560. FUNDRAISING EXPENSES 43. TOTAL EXPENSES 68,921. |
FORM 990, PART XI, LINE 9: |
FOREIGN CURRENCY EXCHANGE LOSS -390. INCREASE IN PROVISION FOR NON-REIMBURSABLE EXPENSES -425,146. FORGIVENESS OF GRANTS PAYABLE FROM FUNDER 2,900,000. FORGIVENESS OF DUE FROM THE UNION -760,000. FORGIVENESS OF GRANT ACTIVITY FROM THE UNION -2,845,567. CHANGE IN NET ASSETS OF SUBSIDIARY INCLUDED IN CONSOLIDATED F.S. STATEMENTS 111,235. REFUND OF PRIOR YEAR GRANTS 227,448. |
FORM 990, PART XI, LINE 2C: |
THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |