Variety Child Learning Center

“The 990 is presented to the audit committee of the board of trustees. The ceo, cfo, controller and independent auditors attended the meeting to present the 990. Any questions/concerns were addressed. Subsequent to the committee review, the 990 is submitted to the entire board for their review prior to the filing date.”

“THE CONFLICT OF INTEREST STATEMENTS SHOULD BE SUBMITTED TO THE CHIEF EXECUTIVE OFFICER AND/OR CHIEF FINANCIAL OFFICER (OR, IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE BOARD CHAIR) WHO SHALL BRING THE MATTER TO THE ATTENTION OF THE EXECUTIVE COMMITTEE. DISCLOSURE INVOLVING DIRECTORS SHOULD BE MADE TO THE BOARD CHAIR (OR, IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE BOARD VICE CHAIR) WHO SHALL BRING THESE MATTERS TO THE EXECUTIVE BOARD. THE BOARD OR EXECUTIVE COMMITTEE SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO VCLC. THE DECISION OF THE BOARD OR EXECUTIVE COMMITTEE oN THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THEIR CONCERN MUST BE THE WELFARE OF VCLC AND THE ADVANCEMENT OF ITS PURPOSE.”

“THE EXECUTIVE COMMITTEE OF THE BOARD WILL OBTAIN COMPARATIVE SALARY/BENEFIT INFORMATION FROM SIMILAR ORGANIZATIONS VIA GUIDESTAR AND PUBLISHED 990 REPORTS. IN ADDITION, THE INDEPENDENT AUDITORS WILL CONSULT WITH THE EXECUTIVE COMMITTEE AND/OR ENTIRE BOARD OF TRUSTEES REGARDING COMPARABLE DATA IN THE INDUSTRY AND ALLOWABLE COSTS AS PER THE NEW YORK STATE EDUCATION DEPARTMENT. THE BOARD OF DIRECTORS REVIEWED COMPENSATION DURING JUNE OF 2017 and subsequently in October 2020.”

“THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS AND DETERMINES THE COMPENSATION OF THE CFO. THIS WAS LAST DONE IN June 2017 and subsequently in October 2020.”

“Variety child learning center makes its policies and financial statements available to the general public on its website and upon request. Governing documents are available upon request.”

“The rapid spread of the novel coronavirus (COVID-19) pandemic in March of 2020 presented numerous challenges to the provision of both educational and therapeutic services to the children serviced in all VCLC programs. Our buildings were unexpectedly forced to close mid-March and remained closed through the remainder of the school year. Staff, children, and families had to adapt to a new way of learning. VCLC staff swiftly changed from face-to-face instruction to remote instruction. They provided the children with telehealth related therapies as well as special education instruction. The transition was not only spearheaded by our administration team and VCLC's talented teachers, therapists, social workers, teacher assistants, and support staff but also by our IT consultants who worked tirelessly to enable services to be continued by expanding our accessibility to new platforms and ensuring that staff working offsite were able to connect to our existing network. Chromebooks were purchased and set up for distribution to each child enrolled in VCLC's school-based programs to ensure that no child would be without the needed equipment for offsite learning in the future. The uncertainty as to the date when schools would reopen created the need to quickly order appropriate PPE equipment and begin to re-evaluate space to accommodate changes needed to ensure the safety of both the children and staff upon their return to the buildings. Maintenance staff worked diligently to prepare the buildings for the changes. VCLC did not escape the fiscal impact of COVID-19. Several programs were unable to continue or dramatically decreased while the buildings were closed, including childcare, evaluations, Sunday respite, the Early Intervention group developmental classes, and several other fee-based programs. Although VCLC was able to reduce expenses during this period in certain areas, other costs increased dramatically, including those related to IT and PPE.”

“LOSS ON SWAP: -54,901”