Stony Brook Child Care Services Inc Suny Stony Brook

“The form 990 was prepared by an independent accounting firm in conjuction with the organization's financial department. A copy of the draft form 990 was circulated to the full board of trustees in either paper or electronic form for discussion and comment. Each board member was provided ample opportunity to comment on the information contained in the 990 prior to its filing with the internal revenue service.”

“The center is committed to the fair and impartial execution of its mission. The existence of any form of conflict of interest by members of the board of directors or in the provision of services shall be disclosed before any transaction is consummated, vote taken or policy enacted. It shall be the continuing responsibility of the board of directors and management employees to scrutinize their transactions and outside business interests and relationships for potential conflicts and immediately to make such disclosures. Disclosure of any conflict of interest issue shall be made to the executive committee, who shall bring the matter to the attention of the board or a duly constituted committee thereof. The board or a duly constituted committee thereof shall determine whether a conflict exists and, in the case of an existing conflict, whether the contemplated transaction, vote taken or policy may be authorized as just, fair, and reasonable to the interests and mission of the center. The decision of the board or a duly constituted committee thereof on these matters will rest in their sole discretion, and their concern must be the welfare of the center and advancement of its mission.”

“The human resources department of the research foundation conducts a market analysis of comparable industries and uses surveys to obtain a salary range for staff including the executive director, with comparable industries and uses surveys to obtain a salary range for staff, including the executive director, with comparable responsibilities. The data is shared with the chair of the board of directors and board members on the personnel committee. The board of directors makes the final decision on the executive director's salary following guidance from the budget fees and finance committee and personnel committee. Accordingly, the board's decision on salary increases is documented in the board meeting minutes.”

“Stony brook child care services, inc. Makes its form 990 available to the public by retaining a copy at its place of business. The form 990 is likewise published on the internet at www.guidestar.org. The organization's financial statements, governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion.”