By the Hand Club for Kids

“The Elders of The Moody Church oversee By The Hand Club For Kids in the following ways. No person shall be elected or reelected as a Director without approval by the Elders. No Executive Director shall be employed without approval by the Elders and serves at their pleasure. The Elders must approve disposition of substantial property as well as loans. No Amendment to the Articles of Incorporation or Bylaws shall become effective without approval by the Elders.”

“BOARD REVIEW OF TAX RETURNS POLICY - A copy of the IRS 990 is provided to the Board of Directors for review before it is filed. It is By The Hand Club For Kids? policy that tax returns filed on the organization?s behalf, including IRS Form 990, be reviewed by the officer(s) required to sign them. The Board of Directors are apprised of the status of the returns during their regular meetings and copies are provided to the Board of Directors for review, but a resolution is not required for the filings.”

“All officers, board members and key employees must disclose any and all potential conflicts. Board members, officers, and key employees are required to provide a signed statement annually listing all such conflicts. The statements are reviewed by the Executive Director and any items of concern are reported to the Board Chair. If in the opinion of the Board Chair the conflict is a direct conflict of interest, that member must recuse him- or herself and abstain from any vote or action on the subject of the conflict.”

“It is the policy of By The Hand Club for Kids to provide compensation that is commensurate with comparable ministries and complies with the legal requirements for maximum compensation and reporting of taxable elements. Compensation of all disqualified persons for each year will be established by the Board of Directors in advance. If any board members are employees of the organization or related to disqualified persons receiving compensation, they may provide input to the Board, but will leave the room and not participate in the discussion or decision making by the Board. Compensation for the disqualified persons (including the Executive Director) is reviewed and approved by the Board annually. Compensation for nonqualified persons is set by the Executive Director with information regarding this compensation provided to the Board annually.”

“FINANCIAL TRANSPARENCY AND PUBLIC DISCLOSURE POLICY It is the policy of By The Hand Club For Kids to be financially transparent and fully comply with all disclosure requirements, including the following. ? By The Hand Club will fully comply with Federal and Illinois public disclosure requirements with respect to IRS Forms 990, 990-T, 1023 and 5227. The organization will fulfill all requests for the forms made in writing or in person. The organization may charge a fee for printed copies to cover the actual cost of photocopying and mailing. ? By The Hand Club will fully comply with the Evangelical Council for Financial Accountability?s standards related to providing a copy of the organization?s current financial statements upon written request. ? By The Hand Club will fully comply with the Evangelical Council for Financial Accountability?s standards related to providing a report, on written request, including financial information, on the specific project for which our organization has solicited gifts. ? Fiscal year-end financial statements will be provided to the Board of Directors at the first meeting following year end. Year-to-date financial statements will be provided at other regularly scheduled board meetings.”