Turnaround for Children Inc

“Pamela cantor, senior science advisor & director, and andrew peskoe, director, have a family relationship.”

“The organization's irs form 990 is prepared by an outside accounting firm and the following review process is executed to ensure that the information reported is complete and accurate. Management and the treasurer review the tax return before presenting it to the finance committee for further review and approval. Any issues raised by the finance committee are addressed prior to presentation to the organization's board of directors. The tax return is electronically submitted to the board of directors for comments and discussed during the board meeting. Any comments are addressed and the tax return is submitted to the president/ceo for sign-off. Upon the receipts of the approval, the accounting firm electronically submits the form 990 to the irs.”

“Turnaround has a conflict of interest policy. Turnaround and its board of directors annually monitor and, if applicable, disclose and/or enforce such policy. The policy currently requires that all interested persons (directors, officers, and members of committees with board delegated powers) annually submit a signed conflict of interest statement disclosing any potential or actual financial interests that may create an actual or perceived conflict of interest as set forth in the policy. Signed conflict of interest statements are reviewed by the audit committee chairperson and records of such executed statements are maintained by the chief of staff. If a potential conflict of interest were to arise, it would be reviewed by the board or audit committee, which would determine, after discussion and by majority vote taken with any interested persons absent from the meeting, whether a conflict of interest exists, whether more advantageous alternatives that would not give rise to a conflict of interest are available, and if not, whether the transaction or arrangement is in turnaround's best interest, for its own benefit, and fair and reasonable.”

“Turnaround observes the following policies and procedures for determining compensation of officers. 1) review and approval by the finance committee, which is comprised of the board of directors and which acts as the compensation review committee. The compensation is reviewed and approved by this committee provided that persons with conflict of interest with regard to the compensation arrangement under discussion are not involved in the review; 2) use of data as to comparable compensation: the compensation is reviewed against data for comparable positions in similar organizations. Turnaround has two senior management positions. The president/ceo and the chief operating officer.”

“Turnaround for children, inc. Makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. In addition, the governing documents, the financial statements, conflict of interest policy, form 990, form 1023, and by-laws are also available upon written request at 570 fort washington avenue, apt 61, new york, ny 10033.”

“The board decided on april 6, 2023 to dissolve the organization. The board is dissolving the organization as of february 28, 2025.”

“Contracted services: program service expenses 0. Management and general expenses 266,284. Fundraising expenses 0. Total expenses 266,284.”