Child Trends Incorporated

“The federal form 990 draft is reviewed by the chief financial officer and the president. The final draft of the federal form 990 is reviewed by the finance committee of the board of directors. Prior to filing the return with the internal revenue service, a final draft of the federal form 990 is provided via email to the entire board of directors.”

“There is a committee of rfp evaluators who consider potential conflicts of interest that may exist with potential new funders. The president, the chief operating officer (coo) and the vice president of education research and youth development regularly review new funder relationships, vendor relationships and board of directors relationships to be sure to avoid any potential conflicts of interest. Service on the board of directors is a volunteer service, accordingly, there is no compensation paid to board members. The president, the coo and the vice president of education research and youth development also request the employees to disclose any potential conflicts at the end of each year. Upon receipt of a completed disclosure, the appropriate reviewer will determine whether an actual, potential, or perceived conflict of interest exists. Disclosures identified by the coo as being below the threshold for significant financial interest and which represent no conflict of interest will be allowed to proceed without special safeguards or oversight, i.e., no management plan will be needed. The coo will inform human resources and the individual in writing that the proposed activity will be permitted without management or oversight. Where a significant financial interest is involved, the coo will work with the vice president of education research and youth development, hr, and the individual to develop a management plan. The management plan will address specific actions to be undertaken to avoid any potential conflict given the financial interest, measures of oversight and accountability, notices to ensure full transparency within and outside the organization as appropriate, signing by all parties to comply with the plan, and penalties for anyone found not to be following the plan. The plan must be approved by the president. An individual can expect disposition within a reasonable amount of time (normally, 45 calendar days) provided the reviewer has received a full and accurate disclosure from the individual.”

“Salary reviews utilizing available market data are conducted on an ongoing basis to determine the competitiveness of staff and executive salaries. Every two years, or more regularly as determined necessary, a compensation consultant is used to conduct an organization wide salary range review against market data. A summary review is provided to the president, coo and cfo for review, and any adjustments are made to the existing salary bands as necessary. Salary increases are determined based on position and promotion (tied to performance and experience). A salary escalation percentage is included in the annual budget for positions and promotion increases and presented to the board of directors for approval. The executive committee recommends the president's salary. The salaries of the president's direct reports are provided to the executive committee for review and approval. The last compensation study was implemented in october 2019.”

“Child trends makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“Other professional fees: program service expenses 98,140. Management and general expenses 17,775. Fundraising expenses 2,633. Total expenses 118,548. Subcontractors: program service expenses 3,265,093. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,265,093. Outside services - consultants: program service expenses 519,967. Management and general expenses 129,979. Fundraising expenses 9,683. Total expenses 659,629.”