Children'S Friend and Service

“The form 990 is prepared by the external auditors and reviewed by management. Once all are satisfied with the form, it is finalized and a copy is sent to all board members, who are asked if they have any questions or comments. If any revisions are made, a final copy is sent to all board members. The finalized version of the 990 is then submitted to the irs.”

“Each year the organization's conflict of interest policy is provided to all officers, directors and key employees. These people are asked to review the policy and sign a statement indicating that they understand the policy and have reported all potential conflicts during the past year in accordance with the policy and will report all potential conflicts during the coming year. All potential conflicts are evaluated by the board to determine if a conflict actually exists. In those instances where the potential transaction is a conflict, the board examines the transaction and a vote is taken (with those involved recusing themselves) as to whether the organization will enter into the transaction.”

“The board conducts a performance review and evaluation of the president & ceo. The review also establishes the individual's compensation. This process involves the evaluation of the individual and a review of compensation of comparable positions obtained from compensation surveys. The board's deliberation and decision is noted in the minutes of the meeting. The president & ceo establishes the compensation of the senior management team and reviews the performance evaluations and recommended compensation with the board. The evaluations and compensation are discussed with the board although no vote of approval of the president & ceo's decision is required.”

“The organization makes its governing documents (articles of incorporation and by-laws), its conflict of interest policy and financial statements available upon request. The organization will mail copies upon request or provide copies to those who come to the administrative office during normal business hours. The organization charges for the copies in accordance with irs regulations.”

“The organization did not change either its oversight process or selection process during the tax year.”