Methodist Home for Children Resources

“The executive committee is comprised of the chairperson, vice-chairperson(s), secretary, treasurer and president (without vote). The executive committee may exercise all of the powers of the board of directors when the board of directors is not in session, and shall report its actions to the board at the next meeting of the board. A quorum of the committee members must be present. Exceptions to the power and authority of the executive committee are as follows: (a) the filling of vacancies on the board (b) the adoption, amendment or repeal of the governing documents (c) the amendment or repeal of any resolution of the board (d) action on matters committed by the bylaws or by resolution of the board to another committee of the board”

“As part of the transitioning of leadership within the fiscal department, management of methodist home for children had engaged with robert half management resources to provide an interim chief financial officer to oversee the financial management of the organization and its related public charities of methodist services and methodist home for children foundation. These individuals provided those duties and oversight under direct supervision of both the president and ceo and board of directors. These services were used for the period july 2021 to september 2021 and june 2022. For the the period july 2021 to june 2022, fees in the amount of $86,207 were paid to robert half management resources.”

“The form 990 is prepared by an independent accounting firm. All officers will receive a draft copy of the form 990 along with all comments for changes prior to filing. The final copy will be sent to the officers and board of directors through email prior to filing with the internal revenue service.”

“Officers, directors and key employees are required to disclose annually interest that could give rise to conflicts. The annual disclosures are reviewed by the board chair and the final determination as to whether a conflict exists is determined by the joint officers committee. If any director is involved individually, or as part of a business or professional firm, in the organization's business transactions or professional services they must timely disclose such a relationship and must recuse themselves when matters of such transactions are discussed and/or voted upon, and will be required to leave the meeting if such is requested by another director in attendance.”

“After input is sought from board members, the board chair responds to the annual summary of goals and objectives by conducting the annual performance evaluation with the senior vice president/executive director. Following the evaluation a review of national and state salary surveys (typically the alliance for children and families and the pennsylvania council of children, youth and family services respectively) is conducted by the chair in consultation with board leadership to set the salary and 457(b) plan contributions for the coming year. Salary adjustments following annual performance reviews of other key leadership positions (president/ceo, other vice presidents) are conducted by mhc with methodist services, a related 501(c)(3) public charity, board member input. Salary adjustments fall into 3 categories, but are not always changed each year. 1. Cost of living adjustment (annually approved by the human resources committee), 2. Salary adjustment according to trends, and 3. Recognition for high performance in the given year. The process, deliberation and final decision are timely documented in the board minutes.”

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

“Professional fees: program service expenses 0. Management and general expenses 267,427. Fundraising expenses 87,541. Total expenses 354,968. Service cost: program service expenses 0. Management and general expenses 82,320. Fundraising expenses 0. Total expenses 82,320.”

“SERVICE COST 82,320.”

“The methodist home for children foundation audit was not finalized prior to the filling date of the 2021 form 990. As the audit was finalized, there were changes made to the financial statements that impacted the previously filed form 990. The changes made to the form 990 are as follows. Page 9, part viii, line 12, total revenue, increased by $3,420. This increase can also be seen on schedule d, part xi, line 5. Page 10, part ix, line 25a, total expenses, increased by $1,013,844. This decrease an also be seen on schedule d, part xii, line 5. There were also some shifts between program expenses vs. Management & general expenses which caused some changes in column b vs. C. Page 11, part x, line 16, total assets decreased by $2,845,323. Line 26, total liabilities, decreased by $1,527,860. Line 32, total net assets decreased by $1,317,463.”