Kidsfashion Delivers Inc

“Board member haresh tharani and board member michael setola have a business relationship.”

“The organization has its form 990 prepared by an outside accounting firm and approved to the audit committee for review. Once approved by the audit committee, the form 990 is then distributed to the full board of directors prior to electronically filing the form 990 with the irs.”

“Delivering good, inc. Has a conflict of interest policy that applies to the directors, officers, and key persons of the organization. Each year, delivering good, inc. Requires all directors, officers, and key person to sign a conflict of interest disclosure statement 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 material facts to the secretary/or designee thereof, of the organization. The secretary/or designee thereof, of the organization must then provide a copy of all such disclosures to the chair of the board. 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 must decide if a conflict of interest exists. If the interested person has a substantial financial interest in the transaction, the board or committee considers alternate transactions and votes to approve the transaction by no less than a majority vote. The minutes of the board meetings record the processing of this process.”

“The compensation of the organization's president & ceo, and chief financial & administrative officer is reviewed and approved by the compensation committee of the board of directors. Benchmark compensation data from other non-profit organizations is used, as well as a compensation study performed by an outside consultant in 2019. The process was last undertaken in 2021 and the compensation committee's decisions are contemporaneously documented.”

“Delivering good, inc. 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, and by-laws are also available upon written request or by calling the organization directly. The public form 990 and the financial statements for the past three years are also online at the organization's website, www.delivering-good.org.”

“The organization contracted with a professional employer organization (peo) for services, including but not limited to, payroll, timekeeping, employee benefits, hr administration and workforce regulatory compliance needs. As the employer of record for tax purposes, forms w-2 and w-3 are issued by the peo and filed under the peo's federal ein. In this co-employment arrangement, the organization is the common law employer and, accordingly, compensation is reported on form 990, part vii, section a and part ix, lines 5-10.”

“Write-off of contribution receivable -74,672.”

“Delivering good, 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.”