Children'S Hope Alliance Foundation

“Homes for children is the sole member of foundation for children.”

“The trustees shall be appointed by a resolution of the board of directors of homes for children and shall assume office as of the first day of the next calendar year. Each trustee shall hold office until the first of the following to occur: until his or her successor shall have been duly appointed and shall have qualified; or until his or her death, or until he or she shall resign in writing; or until he or she shall have been removed in the manner hereinafter provided.”

“The parent corporation, homes for children, shall have and exercise the following reserve powers: (1) to appoint or remove trustees; (2) to approve amendments to the articles of incorporation or bylaws of the corporation; (3) to appoint or remove the managing director; (4) to approve all annual budgets and audited financial statements and to approve any deficit budget; (5) to receive annual audits, interview the auditor, and approve form 990 returns before they are filed; (6) to consent, in writing, to all decisions of the board made at regular and special meetings, which consent shall not be unreasonably withheld, (7) to approve the construction of any new or the alteration of any existing facility involving an expenditure of 200,000 or more; (8) to sell, mortgage, pledge or alienate all or any part of the real estate or substantially all of the other assets of the corporation; (9) to dissolve the corporation and (10) to specify the distributee of its assets.”

“Each board member receives a packet containing a preliminary draft of form 990 for the tax year, a copy of the organizations's audited financial statements, and a list of questions to answer and return to the organization. The board member reviews the tax return and compares it to the audited financial statement. The board member then fills out the questionnaire to return to the organization including representations about related party relationships and any changes they think need to be made to the form 990. The organization obtains the completed questionnaires and makes any changes needed to form 990 prior to filing.”

“Policy is reviewed as a board and requests for disclosures made. Exceptions or potential conflicts would be reviewed by the board.”

“Management reviews market data and performance indicators in the determination of compensation.”

“Management reviews market data and performance indicators in the determination of compensation.”

“Upon request the appropriate documents are provided to the inquirer by an agreed method.”

“Net unconditional promises to give 80,262 intercompany transactions 2,657,608”