Amit Children Inc

“Debbie moed and marilyn moed are family members who both serve as directors on the board of amit. Elaine jacobs and michele jacobs are family members who both serve as directors on the board of amit. Danna kalter and brenda kalter are family members who both serve as directors on the board of amit.”

“A draft of the completed form 990 is reviewed by the executive vice president, treasurer and controller. Any comments that arise during their review is discussed, and if required, changes are made to the draft. The final draft is then submitted to the audit finance committee for its review and approval. The draft is then sent to the entire board for review and approval. The form 990 is filed once the audit finance committee has completed its review.”

“[a]who is covered under the conflict of interest policy: the conflict of interest policy is mailed and/or handed out to all officers, directors and employees of amit on an annual or biannual basis. [b] monitoring conflict of interest transactions: each individual must sign off that he/she has read the conflict of interest policy and that he/she does not have any direct or indirect relationship with any third party which would give rise to a conflict of interest. Any officer or director must disclose the existence of his/her interest and must be given the opportunity to disclose all material facts to the directors and members of committees with board delegated powers considering the proposed transaction. Employees must also disclose such existence to the executive vice president. The policy is remitted to directors and employees on an ongoing basis. [c] procedures to deal with conflict: directors and officers: if such an occasion does arise, that director or officer must leave the board or committee meeting while the determination of a conflict of interest is discussed or voted upon. The remaining board or committee members shall decide if a conflict of interest exists. After exercising due diligence, the board or committee shall determine whether the corporation can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. Employees: the executive vice president, in consultation with the president, shall determine whether this matter should be brought to the executive committee, who may, in turn, appoint a disinterested party to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the board or committee shall determine whether the corporation can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. [d] violations of the conflict of interest policy: the director/employee would be informed by the board/executive vice president of the basis of such conflict and afford the director/employee the opportunity to explain the alleged failure to disclose. If, after hearing the response of the director/employee, the board/executive vice president determines that the member has, in fact, failed to disclose an actual possible conflict of interest, the organization shall take appropriate disciplinary and corrective action. The names and actions will be recorded in the minutes of the board. All employees must obtain written approval from management prior to engaging in any outside employment.”

“The process for determining compensation for officers includes, in addition to a performance review, a review by a compensation committee, comparison to similarly titled employees on forms 990 of other charitable organizations and available surveys of non profit organizations. This review was last performed in 2015. A written employee contract exists as well.”

“The governing documents are available upon request. The conflict of interest policy is disseminated to all directors and employees and is available upon request to all others. The financial information is available on the amit website at amitchildren.org. Amit's activities are included within the audited consolidated financial statements of amit children, inc. And affiliate. These financial statements are available on the amit website.”

“Actuarial change in split-interest agreements -31,428. Loss on foreign currency translation -7,863.”

“The process has not changed from that of the prior year.”