Brooklyn College Child Care Services Inc

“The child care service's board of directors includes one student representative during the year. The representative may receive stipends from the college for their student government experience; however, the child care services does not consider such payments to be payment for services rendered. Accordingly, the child care services has opted not to report the student stipends on form 990, part vii. It should be noted that no student received a stipend in excess of $5,000.”

“The 990 is prepared by the child care center's accounting firm in conjunction with the child care service's financial department. A copy of the draft form 990 is circulated to the audit committee by the president for discussion and comment at the organization's board meeting, prior to filing. Each board member was provided opportunity to comment on the information contained in the 990 prior to its electronic filing with the internal revenue service.”

“Child care services operates under the conflict of interest policy of its related organization, brooklyn college. Each officer, director, trustee, and key employees of the college is required to annually disclose any conflicts of interest through an annual questionnaire/disclosure statement that is distributed to these individuals. Potential conflicts are investigated immediately.”

“Child care services does not compensate any of the individuals reported in part vii of the form 990; all compensation is paid by a related organization, brooklyn college, or the research foundation of cuny. The compensation for individuals running the child care services is set by the college itself and is established in conformity with compensation guidelines established by the city university of new york. These guidelines are complied with by all of the associations and auxiliaries of the various cuny colleges.”

“The taxpayer 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.”

“Effective july 31, 2017, the brooklyn child care services, inc. No longer exists as a separate legal entity.”

“No changes have taken place during the fiscal year ended june 30, 2017.”