Brent Eley Center Inc

“Per the by-laws, the sole voting member of Brent Eley Center, Inc. (the Center) is the Brent Eley Foundation, the supported Colorado nonprofit corporation.”

“The Member (Brent Eley Foundation) elects all members of the Center's Board of Directors.”

“Certain decisions of the governing body are subject to approval by the member (Brent Eley Foundation), including but not limited to such actions as the sale, lease or other disposition of real or personal property; entering into borrowing agreements; adoption of the annual or capital budgets; appointment of independent auditors; and amendment or restatement of the Articles of Incorporation or By-Laws of the Center.”

“The organization has no committees with authority to act on behalf of the governing body.”

“The completed 990 and schedules are reviewed by Brent Eley Foundation's Controller, Brent Eley Foundation's CEO, the President and Treasurer of the Center, and Brent Eley Foundation's Internal Affairs Committee. Following this review, a copy is given to each voting member of the board of directors before its submission to the IRS.”

“At an annual meeting, the members of the board of directors review the conflict of interest policy statement and state any potential conflict of interest according to the policy. They are asked to sign a policy statement annually disclosing any existing conflicts of interest and the mitigating steps being implemented to resolve the conflicts, or confirming that there are no conflicts of interest. Compliance with the policy is monitored by the Board President.”

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

“At times, certain employees of Brent Eley Foundation perform administrative and fundraising services, and managerial duties as required for the Center. Compensation decisions for these employees are made by Brent Eley Foundation.”

“There were no changes to the Center's audit oversight process or selection process during the tax year.”

“As of year-end 2020, in addition to investments to support its maintenance reserves, the Center had undesignated cash and cash equivalents of $690,429. Management and the Board of Directors continually manage its' undesignated cash to address three primary areas of focus: 1. Maintaining adequate operational eserves to cover shortfalls that may arise due to unexpected conditions. 2. Having resources readily available to expand program activities and capacity to support increased hospital and family needs. 3. Managing debt obligations. The organization has been fortunate in the past few years to utilize its strong financial position to expand its capacity and double the number of families served.”