Midtown Pregnancy Support Center

“Article IV - This section of the bylaws was updated to add the Chief Executive Officer (CEO) as an officer along with the responsiblities of the position. The responsbilites of the President were also updated to distinguish from the CEO.”

“Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. After any questions are addressed, the 990 is distributed to each member of the Board. Board members are given one week to review the draft. Each Board member signs a written statement confirming that they have reviewed the Form 990 prior to its filing with the IRS.”

“Board members and officers are required to review annually the conflict of interest policy and sign a disclosure statement that is required to be returned to the organization and kept on file. The Board Chair reviews the signed statements. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation and decision with regard to matters affected by the relationship.”

“The Board annually reviews and approves compensation of the President and CEO using comparable data. No persons with a conflict of interest are involved in such deliberations. The process is documented in the Board minutes.”

“The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

“In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 12/31/2018. To date, Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Part X, Lines 27-29: Line 27 - Net assets without donor restrictions: $635,607 Line 29 - Net assets with donor restrictions: $153,254 Total net assets: $788,861”

“The organization's Board assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year.”