Turnaround for Children Inc

“Pamela cantor, president/ceo, 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 receipt of the approval, the accounting firm e-electronically submit 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 applicable 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 a compensation review committee: the compensation of the officers is reviewed and approved by a compensation review 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. 3) contemporaneous substantiation of the deliberations and decisions: decisions and deliberations are contemporaneously recorded. Turnaround currently has two senior management positions. The president/ceo and the chief operating officer. The finance committee, comprised of board of directors, acts as a compensation review committee for these two positions. The chief operating officer's compensation was discussed and approved at the finance commitee meeting on february 4, 2013. The president/ceo does not receive a salary, she provides pro-bono service. Her compensation consists exclusively of health and disability insurance plans premiums. The in-kind compensation of the president/ceo is evaluated on annual basis to ensure that the contributed services are recorded at fair market value. For other officers/employees, the compensation review committee is composed of the ceo, coo and the cfao.”

“Turnaround for children, inc. Makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similar types of websites. 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 25 west 45th street, new york, ny 10036.”

“Turnaround for children is dedicated to the design, development and implementation of scientifically-grounded practices that transform the teaching and learning environments in chronically low-performing, high-poverty public schools. Since 2002, turnaround has evolved from an organization focused solely on children's mental health issues into an organization working to understand and address the impact of poverty-related stress on students and public schools. Turnaround achieves this by doing three things: - proof and practice: partnering directly with high-poverty public schools to produce environments that accelerate healthy student development and academic achievement. - tools and design: developing research-driven strategies, practices and tools and measuring the effectiveness of these resources in driving student development in the context of adversity. - systemic impact: disseminating insights and resources that deepen understanding about the connections between poverty, stress and school performance in order to mobilize public schools and public districts across the country to tackle the impact of adversity on learning.”

“Turnaround for children has a committee that is responsible for oversight of the audit of financial statements and selection of an independent accountant. This process has not changed from the prior year.”