Kidsfashion Delivers Inc

“Board member haresh tharani and board member mike setola have a business relationship. Board member gary simmons and board member allan ellinger have a business relationship.”

“The amended by-laws were adopted by the board of directors. Changes made to the amended by-laws, included the following principal revisions, in addition to other smaller changes: 1) article ii, section 2(b) - a. There will be three classes of directors, instead of two classes, with staggered term b. Language updated for the term of the board of directors. "the first year of the initial term of each of the current directors shall run from the date of election (i.e. April 7, 2014) through december 31, 2015. Thereafter, the years of service shall be calculated on a calendar year basis." 2) article iii, section 1 - language updated for number and qualification of the officers of the organization, which includes the existence of two co-chairperson 3) article iv, section 9(a) - the maximum number of the executive committee decreased from 13 members to 11 members 4) article iv, section 10 - language updated for the number, qualification, and duties of the audit committee”

“The organization has its form 990 prepared by an outside accounting firm. A draft of the form 990 with all attachments is provided electronically to all board of directors for review and comment before it is filed with the irs.”

“K.i.d.s./fashion delivers, inc. Has a conflict of interest policy that applies to the board members. Each year, k.i.d.s./fashion delivers, inc. Requires all board members to sign a conflict of interest policy and annually disclose any potential or actual conflicts that may exist in writing to the organization. If a conflict of interest exists, the interested person must disclose the existence of the financial interest and be given the opportunity to disclose all materials fact to the board or executive committee. If it is determined that an actual conflict of interest exists, the interested person shall leave the board or executive committee meeting while the determination of the conflict of interest is discussed and voted upon. The remaining board or executive committee members shall decide if a conflict of interest exists. The minutes of the board meetings record the processing of this process.”

“Compensation for the president and chief operating officer is evaluated by the compensation committee and chairman of the board. Compensation is reviewed and approved by the executive committee. The president assists the executive committee with establishing performance targets and objectives, recommending salary levels for staff, and periodically providing benchmark compensation data from other non-profit organizations. The executive committee makes all final decisions regarding compensation. Records of executive committee's compensation decisions are maintained. This process was last undertaken in 2015.”

“K.i.d.s 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 financial statements, conflict of interest policy, form 990, form 1023, and by-laws are also available upon written request to 266 west 37th street, new york, ny 10018 or by calling the organization directly at 212-279-5493.”

“K.i.d.s./fashion delivers, inc. Has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process did not change from the prior year.”