2012-07-10T09:21:10-05:00 2011-12-31 133385019 O'CONNOR DAVIES MUNNS & DOBBINS LLP ONE STAMFORD LANDING STAMFORD CT 06902 990 2011-01-01 263618722 PENCILS OF PROMISE INCORPORATED PENC 2127773170 17 MEADOW PLACE OLD GREENWICH CT 06870 ADAM BRAUN 2127773170 2012-06-22 1 ROBIN STRONG P00713382 2033232400 2011 2016-02-24 21:20:13Z ADAM BRAUN 17 MEADOW PLACE OLD GREENWICH CT 06870 2327937 0 X WWW.PENCILSOFPROMISE.ORG X 2008 CT PENCILS OF PROMISE BELIEVES EVERY CHILD SHOULD HAVE ACCESS TO QUALITY EDUCATION. WE CREATE SCHOOLS, PROGRAMS AND GLOBAL COMMUNITIES AROUND THE COMMON GOAL OF EDUCATION FOR ALL. 10 10 19 25 0 0 1396917 2224168 0 0 12 631 29899 -72587 1426828 2152212 112576 159407 0 0 113974 485106 0 0 161738 210942 764676 437492 1409189 989336 743023 1081446 1837873 13174 26578 1068272 1811295 X SEE SCHEDULE O 0 0 889300 156101 PROJECT BUILDS: IN 2011, PROGRAM SERVICES INCLUDED SETTING UP OPERATIONS IN GUATEMALA AS WELL AS PLANNING, BUILDING AND COMPLETING 25 NEW SUSTAINABLE SCHOOLS ACROSS LAOS, NICARAGUA AND GUATEMALA. IN EACH OF THE THREE COUNTRIES, OPERATIONS EXPANDED TO ALLOW POP'S FOOTPRINT TO COVER GREATER AREAS OF NEED AND BRING EDUCATION TO SEVERAL NEW DESERVING COMMUNITIES. 245018 YOUTH & PROFESSIONAL INITIATIVES: POP CONTINUED TO IMPACT BOTH DOMESTIC AND INTERNATIONAL YOUTH AND PROFESSIONAL COMMUNITIES BY CREATING GLOBAL COMMUNITIES DEDICATED TO BRINGING EDUCATION TO ALL. IT ACHIEVED THIS THROUGH A SUCCESSFUL YEAR ROUND INTERNSHIP PROGRAM INVOLVING 75 DIFFERENT STUDENTS, THE DEVELOPMENT AND IMPLEMENTATION OF A SISTER SCHOOL PROGRAM THAT PAIRS U.S. SCHOOLS WITH POP'S SCHOOLS IN LAOS, NICARAGUA AND GUATEMALA AND A DIGITAL PRESENCE THAT UTLIZES ALL SPHERES OF SOCIAL MEDIA AND THE INTERNET. 14568 PROJECT SUSTAINABILITY: TO BEST JUDGE HOW EFFECTIVE OUR IMPACT IS, WE CLOSELY MONITOR AND EVALUATE (M&E) OUR PROGRAMS ON THE GROUND. IN 2011, POP SUPPORTED ITS 23 ALREADY EXISTING STRUCTURES BY CONTINUALLY VISITING EACH COMMUNITY, CHECKING IN ON THE SCHOOLS AND ENSURING THAT ALL STRUCTURES AND STUDENTS WERE WELL EQUIPPED. WE HAVE LOCAL M&E TEAMS WHO CONDUCT INTERVIEWS AND SURVEYS WITH VILLAGE LEADERS, TEACHERS, STUDENTS, AND PARENTS. THIS HELPS US TO UNDERSTAND THE NEEDS OF VILLAGES IN WHICH WE OPERATE, OUR IMPACT ON THE COMMUNITY, AND AREAS IN WHICH WE CAN IMPROVE POP OPERATIONS AND PROGRAMMING. POP ALSO CONTINUED TO DEVELOP AND IMPLEMENT ITS S.H.I.N.E. PROGRAM THAT TEACHES SCHOOL COMMUNITIES THE IMPORTANCE OF SANITATION, HEALTH, IDENTITY, NUTRITION AND THE ENVIRONMENT. 1148886 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 1 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 19 1 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AR CA CO CT FL GA HI IL KS MA MD ME MI MN MS NC ND NH NM NY OH OK OR PA RI SC TN UT VA WA WI WV X X X TOM CASAZZONE 2127773170 37 WEST 28TH STREET 3RD FLOOR NEW YORK NY 10001 ADAM BRAUN 60.00 X X 99500 0 4176 LIBBIE FRITZ 1.00 X 0 0 0 SCOTT MANSON 1.00 X 0 0 0 BRAD HAUGEN 5.00 X X 0 0 0 MICHAEL WEISS 1.00 X X 0 0 0 KAREN HARRIS 1.00 X 0 0 0 RICHARD LENT 1.00 X 0 0 0 HOPE TAITZ 1.00 X 0 0 0 JAY WOLFF 1.00 X 0 0 0 RAHUL TEJWANI 50.00 X 23667 0 2687 123167 0 6863 0 0 0 0 0 600205 1623963 87977 2224168 631 631 98153 600205 175725 -77572 -77572 MERCHANDISE SALES 452000 4985 4985 4985 2152212 0 0 -71956 159407 159407 130030 102707 11772 15551 296339 179836 42132 74371 22149 14676 2800 4673 36588 24247 4625 7716 10950 10950 76864 40348 423 36093 41069 20383 12766 7920 37399 24683 4862 7854 89601 87382 1603 616 96809 96518 97 194 3093 3093 SCHOOL AND CONSTRUCTION 351885 351885 MISCELLANEOUS 23985 15442 3442 5101 SCHOOL SUSTAINABILITY C 14568 14568 OUTREACH 8690 8690 9763 8114 1649 1409189 1148886 98565 161738 344141 1408113 752 457313 68060 5015 19347 23370 415897 118392 256893 297505 3000 35810 1081446 1837873 13174 26578 13174 26578 X 618011 1572707 450261 238588 1068272 1811295 1081446 1837873 743023 0 X X 0 1 1 X 0 X 58772 57765 1396917 2224168 3737622 58772 57765 1396917 2224168 3737622 626005 3111617 3737622 0.83250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 415897 118392 297505 297505 2152212 1409189 743023 743023 2190080 37868 37868 2152212 0 2152212 1447057 37868 37868 1409189 0 1409189 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION RECOGNIZES THE EFFECT OF TAX POSITIONS WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION. TAX RETURNS SINCE THE ORGANIZATION'S INCEPTION IN 2008 REMAIN SUBJECT TO EXAMINATIONS BY APPLICABLE TAXING JURISDICTIONS. GALA 672221 594995 77226 109774 7560 51179 WHITE PARTY 18202 1310 16892 3000 1638 1 7935 3900 4035 1464 1110 698358 600205 98153 112774 9024 53927 175725 -77572 1 MAYAN FAMILIES 2609 HARTFORD STREET SAM DIEGO CA 92110 208433997 501(C)(3) 19577 GRANT IS PART OF A PARTNERSHIP TO BUILD SCHOOLS IN GUATEMALA. SEEDS OF LEARNING PO BOX 2107 SONOMA CA 95476 200900415 501(C)(3) 139830 GRANT IS PART OF A PARTNERSHIP TO BUILD SCHOOLS IN NICARAGUA. 2 0 RICHARD LENT RICHARD LENT IS A MEMBER OF THE BOARD OF DIRECTORS OF PENCILS OF PROMISE. RICHARD LENT IS ALSO THE CEO OF AGENCYNET, AN ADVERTISING AND MARKETING AGENCY. AGENCYNET DEVELOPED OUR NEW WEBSITE AND PROVIDED OVER $125,000 IN PRO-BONO SERVICES TO OUR ORGANIZATION IN THE RESEARCH, DESIGN AND DEVELOPMENT OF THE WEBSITE. 0 X WEBSITE COSTS 1 125843 0 0 0 ORGANIZATION MISSION STATEMENT FORM 990 PART III LINE 1 AT POP, WE BELIEVE EVERY CHILD DESERVES ACCESS TO QUALITY EDUCATION. WE CREATE SCHOOLS, PROGRAMS AND GLOBAL COMMUNITIES AROUND THE COMMON GOAL OF EDUCATION FOR ALL. WE ACCOMPLISH THESE ACTIVITIES BY DEDICATING SIGNIFICANT AMOUNTS OF TIME, LABOR AND EFFORT RAISING MONEY IN THE U.S. THROUGH YOUTH AND PROFESSIONAL ENGAGEMENT PROGRAMS AND SPECIAL EVENTS. THE FUNDS RAISED ALLOW US TO INCREASE OUR DOMESTIC AND INTERNATIONAL REACH AND IMPACT. AT THE CONCLUSION OF 2011, WE HAD 50 COMPLETED PROJECTS ACROSS THE THREE COUNTRIES OF LAOS, GUATEMALA AND NICARAGUA. OUR SCHOOLS, DORMS AND LEARNING CENTERS ARE OPEN TO STUDENTS IN EACH COUNTRY AND THE STAGES OF PLANNING AND CONSTRUCTION ARE UNDERWAY IN SEVERAL NEW COMMUNITIES TO AID IN EXPANDING OUR REACH IN 2012. AT POP WE FOCUS ON BUILDING STRONG STRUCTURES AND SUSTAINABLE EDUCATION PROGRAMS. BY FORMING LONG-LASTING, COLLABORATIVE RELATIONSHIPS WITH COMMUNITIES, WE INCREASE ACCESS TO QUALITY EDUCATION AND POSITIVELY IMPACT STUDENTS AND PARENTS IN HIGH-NEED COMMUNITIES THROUGHOUT LAOS, NICARAGUA, AND GUATEMALA. THE FIRST STEP TO OUR APPROACH IS TO IDENTIFY SITES TO BUILD NEW EDUCATIONAL STRUCTURES. TO SCOUT OUT POTENTIAL SITES FOR NEW POP SCHOOLS, WE SEND A LOCAL TEAM INTO COMMUNITIES TO SPEAK WITH DOZENS OF SCHOOL DIRECTORS, VILLAGE LEADERS, PARENTS, AND STUDENTS TO FIND THE VILLAGES OF HIGHEST NEED THAT COULD BEST USE OUR SUPPORT. WE TAILOR OUR VILLAGE APPROACH PROTOCOLS TO THE LOCAL CULTURES AND REGIONS TO ENSURE A COLLABORATIVE, PRODUCTIVE RELATIONSHIP WITH LOCAL LEADERS. ONCE OUR LOCAL TEAM HAS DETERMINED THAT THERE IS POTENTIAL FOR POP TO BUILD IN A VILLAGE, THEY COMPLETE A VILLAGE PROFILE WHICH ASSESSES THE COMMUNITY ON FIVE CRITERIA: NEED, SUSTAINABILITY, COST EFFICIENCY, IMPACT, AND COMMITMENT. THE VILLAGE PROFILE ALSO DETAILS THE SIZE AND TYPE OF STRUCTURE THE COMMUNITY REQUIRES. POP REINFORCES COMMUNITY ENGAGEMENT BY REMINDING EACH COMMUNITY THAT THE SCHOOL WE BUILD TOGETHER IS THEIRS, NOT OURS. WE ARE NOT DONORS, THEY ARE NOT RECIPIENTS; WE ARE PARTNERS. WE WORK WITH THE COMMUNITY OVER THE COURSE OF A NUMBER OF MEETINGS TO IDENTIFY EXACTLY WHAT TYPE OF PROJECT WILL ADDRESS THE GREATEST EDUCATIONAL NEED IN THE VILLAGE. IT IS IMPORTANT THAT THE PARAMETERS OF THE PROJECT COME FROM THE COMMUNITY MEMBERS THEMSELVES. ONE OF THE WAYS THROUGH WHICH VILLAGES SHOW THE NECESSARY COMMITMENT TO EDUCATION IS THE CREATION OF A PROMISE COMMITTEE OF EIGHT INDIVIDUALS, COMPRISED OF FOUR MEN AND FOUR WOMEN REPRESENTATIVE OF THE COMMUNITY. THIS COMMITTEE SIGNS A CONTRACT AGREEING TO OVERSEE THE SUPPORT AND MAINTENANCE OF THEIR SCHOOL THROUGH EACH PHASE OF THE PROCESS, FROM CLEARING THE LAND AND ORGANIZING COMMUNITY LABOR AND MATERIALS TO ENCOURAGING ATTENDANCE AND SUPPORTING THE TEACHER. POP WORKS WITH THE MINISTRY OF EDUCATION TO ENSURE THAT THE VILLAGE HAS A TEACHER FOR EVERY NEW CLASSROOM BUILT. THIS COLLABORATION WITH THE MINISTRY ALLOWS POP TO OPERATE WITH GOVERNMENT SUPPORT ACROSS ITS REGIONS OF IMPACT. OUR SECOND STEP FOCUSES ON BUILDING WITH LOCAL LABOR, MATERIALS AND IN CONJUNCTION WITH THE COMMUNITY. AS PART OF THE LOCAL BUY-IN, EACH VILLAGE CONTRIBUTES 10-20% OF THE TOTAL CONSTRUCTION COST IN THE FORM OF LABOR AND LOCAL MATERIALS. THEY DEDICATE THEIR TIME AND THEIR GOODS TO THE CREATION OF THESE NEW EDUCATIONAL FACILITIES, ENSURING THAT IT IS NOT A HANDOUT, BUT RATHER A STANDING SOURCE OF LOCAL PRIDE. THE REMAINING MATERIALS ARE SOUGHT OUT LOCALLY, INJECTING MONEY INTO THE LOCAL ECONOMY AND CREATING MINIMAL ENVIRONMENTAL IMPACT THROUGHOUT THE PROCESS. NEXT, WE PROVIDE ONGOING SUPPORT AND SUSTAINABLE PROGRAMS TO OUR COMMUNITIES. OUR LOCAL STAFF UNDERGO EXTENSIVE TRAINING TO PREPARE THEM TO ENTER VILLAGES TWICE A MONTH TO TEACH STUDENTS AND TEACHERS SUPPLEMENTAL LESSONS ON SANITATION, HEALTH, IDENTITY, NUTRITION, AND ENVIRONMENT ('SHINE'). ULTIMATELY, THESE LESSONS ARE DESIGNED TO RESULT IN IMPROVED EDUCATIONAL ACHIEVEMENT BY TEACHING STUDENTS TO LEAD HEALTHIER AND MORE FULFILLING LIFESTYLES. CLICK HERE TO LEARN MORE ABOUT SHINE, INCLUDING THE GOALS OF THE PROGRAM, HOW WE DEVELOPED IT, HOW WE TRAIN OUR SHINE STAFF, AND TO VIEW SHINE-RELATED MEDIA. IN 2012, WE WILL BE PILOTING A SCHOLARSHIP PROGRAM IN LAOS THAT WILL ADDRESS THE INDIVIDUALS AND COMMUNITIES WITH THE HIGHEST RISK OF DROPOUTS. FIRST, WE ARE COLLECTING DATA AND CONDUCTING INTERVIEWS WITH TEACHERS, SCHOOL DIRECTORS, AND PARENTS TO UNDERSTAND THE ROOT CAUSES OF ABSENTEEISM AND DROPPING OUT. OUR FINDINGS WILL HELP US DEVELOP SCHOLARSHIP PROGRAMS THAT DEEPEN OUR INVESTMENT IN COMMUNITIES AND PROVIDE THE SUPPORT VILLAGES NEED TO HELP LIFT THEMSELVES OUT OF POVERTY. WE ARE EXPLORING POTENTIAL PROGRAMS WITH FOCUSES RANGING FROM MENTORSHIP TO TRANSPORTATION TO DELAYED CASH INCENTIVES, AND EVERYTHING IN BETWEEN. WE WILL CONTINUE TO SHARE DETAILS WITH YOU AS THEY FINALIZE OVER THE COMING MONTHS! ONE OF POP'S GOALS IS TO FOSTER A GREATER COMMITMENT TO EDUCATION WITHIN THE COMMUNITIES IN WHICH WE WORK. THROUGH OUR SISTER SCHOOL PROGRAM, WE FACILITATE COMMUNICATION BETWEEN US AND POP CLASSROOMS. WE SHOW OUR POP STUDENTS WHAT OPPORTUNITIES EXIST BEYOND THEIR OWN COMMUNITY AND EVEN THEIR OWN COUNTRY. WE EMPHASIZE THAT THROUGH EDUCATION, ANYTHING IS ACHIEVABLE' MAYBE EVEN A CHANCE TO VISIT EACH OTHER'S COUNTRIES ONE DAY. IN TURN, US STUDENTS BENEFIT FROM THE EXCHANGES BY ALSO LEARNING MORE ABOUT A FOREIGN CULTURE. CHECK OUT THE OFFICIAL SISTER SCHOOL WEBSITE TO LEARN MORE ABOUT HOW WE PARTNER POP CLASSROOMS WITH CLASSROOMS IN THE US. FOURTH, WE HIRE AND INVEST IN LOCAL TALENT. POP PROVIDES ITS LOCAL STAFF WITH PROFESSIONAL DEVELOPMENT TRAINING TO EMPOWER STAFF MEMBERS (MANY OF WHOM ARE FEMALES AND MINORITIES) TO GROW AS PROFESSIONALS AND TAKE ON LEADERSHIP AND MENTORSHIP ROLES. TO LEARN MORE ABOUT A FEW OF THE 40+ THE INSPIRING LOCAL WOMEN AND MEN WHO DEVELOP AND EXECUTE OUR PROGRAMS ON THE GROUND, CHECK OUT THEIR STORIES BELOW. FINALLY, WE EXTENSIVELY MONITOR AND EVALUATE OUR PROGRAM IMPACT. TO BEST JUDGE HOW EFFECTIVE OUR IMPACT IS, WE CLOSELY MONITOR AND EVALUATE (M&E) OUR PROGRAMS ON THE GROUND. WE HAVE LOCAL M&E TEAMS WHO CONDUCT INTERVIEWS AND SURVEYS WITH VILLAGE LEADERS, TEACHERS, STUDENTS, AND PARENTS. THIS HELP US TO UNDERSTAND THE NEEDS OF VILLAGES IN WHICH WE OPERATE, OUR IMPACT ON THE COMMUNITY, AND AREAS IN WHICH WE CAN IMPROVE POP OPERATIONS AND PROGRAMMING. OUR STUDENT DATABASE HELPS US UNDERSTAND WHO WE ARE SERVING EVERY YEAR IN OUR POP SCHOOLS. WE DOCUMENT EACH POP STUDENT'S NAME, AGE, GENDER, ETHNICITY, ATTENDANCE, PROGRESSION TO NEXT GRADE LEVEL, AND GRADE IN CLASS. EACH YEAR, WE TRACK VILLAGE-WIDE STUDENT ENROLLMENT, ATTENDANCE, RETENTION FROM ONE GRADE TO THE NEXT, PROGRESSION FROM PRIMARY TO SECONDARY SCHOOL, AND GRADES AND/OR TEST SCORES. WE EXPECT TO IMPROVE THESE METRICS THROUGH THE VARIETY OF EDUCATIONAL PROGRAMS WE OFFER STUDENTS AND COMMUNITIES. IN THE DEVELOPING WORLD, CALCULATING THESE TYPES OF METRICS CAN BE DIFFICULT. CHECK THIS OUT TO SEE HOW WE HAVE APPROACHED THIS CHALLENGE TO ENSURE THE HIGHEST LEVEL OF ACCURACY POSSIBLE. IN ADDITION, WE FOLLOW INDIVIDUAL POP STUDENTS THROUGH THE YEARS TO ASSESS THEIR EDUCATIONAL SUCCESSES AND FAILURES, ALONG WITH THEIR UNDERSTANDING, ATTITUDE, AND BEHAVIOR REGARDING EDUCATION AND ELEMENTS OF SHINE. THESE YEARLY INTERVIEWS WILL HELP US UNDERSTAND THE IMPACT THAT WE HAVE ON INDIVIDUALS THROUGH OUR PROGRAMMING. DOMESTICALLY, WE EXPANDED OUR PROGRAMMING INITIATIVES THROUGH SEVERAL UPDATES TO OUR WEBSITE AND THROUGH OUR EVER-EXPANDING OUTREACH PROGRAM FOR BOTH YOUTHTS AND PROFESSIONALS. WITH THE HELP OF OUR WEBSITE AND OTHER SOCIAL MEDIA PLATFORMS, WE HAVE AN ONLINE COMMUNITY OF OVER 300,000 MEMBERS AS OF THE END OF 2011. WE ALSO HAD A SUCCESSFUL YEAR-LONG INTERNSHIP PROGRAM INVOLVING OVER 75 STUDENTS AND CONTINUED YOUTH PROGRAMMING IN PRIMARY AND SECONDARY SCHOOLS ACROSS THE U.S. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF DIRECTORS. POP'S CHIEF FINANCIAL OFFICER IS TASKED WITH OVERSEEING THE AUDIT PROCESS AND THE DRAFTING OF FORM 990 IN CONJUNCTION WITH AN INDEPENDENT ACCOUNTING FIRM. POP'S FINANCE & GOVERNANCE COMMITTEE PROVIDES SUPPORT TO THESE TASKS OF THE CHIEF FINANCIAL OFFICER. ALL MEMBERS OF THE COMMITTEE AND OTHER KEY EMPLOYEES OF THE ORGANIZATION ARE PROVIDED WITH A DRAFT OF THE AUDITED FINANCIAL STATEMENTS AND FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER IS ASKED TO READ AND SIGN AN AFFIRMATION STATEMENT EACH YEAR REGARDING THE CONFLICT OF INTEREST POLICY. ADDITIONALLY, A CONFLICTS POLICY IS IN OUR EMPLOYEE HANDBOOK AND EACH EMPLOYEE IS ASKED TO SIGN AND ACKNOWLEDGEMENT FORM AND DISCLOSE ANY POTENTIAL CONFLICTS IF ANY ARE PRESENT. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS INCLUDES ALL OF THESE ELEMENTS: (1) REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS, COMPENSATION COMMITTEE OR EXECUTIVE COMMITTEE OF POP; (2) USE OF DATA AS TO COMPARABLE COMPENSATION; AND (3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING. REVIEW AND APPROVAL - THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS, COMPENSATION COMMITTEE OR EXECUTIVE COMMITTEE OF POP, PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. USE OF DATA AS TO COMPARABLE COMPENSATION - THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING - THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. FORM 990, PART VI, SECTION C, LINE 19 ALL OF OUR FINANCIAL DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC ON OUR WEBSITE. THESE INCLUDE OUR 990 AND ANNUAL REVIEW/AUDIT. ADDITIONALLY, ALL OF OUR ORGANIZATIONAL DOCUMENTS ARE AVAILABLE FOR THE PUBLIC ON GUIDESTAR. FORM 990, PART XII, LINE 2C IN 2011, THE ORGANIZATION'S BOARD OF DIRECTORS ESTABLISHED A FINANCE & GOVERNANCE COMMITTEE THAT WAS GRANTED AUTHORITY BY THE BOARD OF DIRECTORS TO ACT ON BEHALF OF THE GOVERNING BODY IN ITS SPECIFIC SPHERES OF COVERAGE. THE COMMITTEE MEETS BIMONTHLY AND PROVIDES GUIDANCE TO THE CHIEF FINANCIAL OFFICER BY HELPING IN THE OVERSIGHT OF THE AUDIT PROCESS, THE DRAFTING OF FORM 990 AND THE SELECTION OF AN INDEPENDENT ACCOUNTING FIRM.