Jewish Family and Childrens Foundation Inc.

“The bylaws were amended in 2014 and the following are the changes: as of june 2, 2014, each director shall be elected to an initial one, two or three year term so that the directors' terms are staggered. Each director may be re-elected to successive terms of three years provided that no director shall be re-elected after serving three consecutive three year terms unless the majority of the full board approves a waiver of the term limit.”

“The draft form 990 is approved by the treasurer on behalf of the board. Once the foundation's form 990 is finalized, the foundation makes the form available to the full board of directors for review prior to its filing. In order to assure the confidentiality of sensitive donor information included in the report, the form 990 is made available on the agency's website, in a secured location that only the board members have access to. The board members are each e-mailed a link to this site. The purpose of the review is to assure that all board members have the opportunity to know: 1. What is being filed on the due date; 2. How the agency describes itself, its mission and major program accomplishments; 3. And how it answers key questions related to compliance with the requirements of the irs. The purpose of the board review is not for individual members to grant approval, but to be aware of what is being filed. Below is the logistics of the review: 1. On or about august 1st, board members will be notified that a read only copy of the form 990 is available for review on the secured website. Board members will be provided with instructions on how to access the website. The website will track which board members access the website to review the form 990. The form 990 will remain on this website until it is replaced with the next year's return. Finance or other staff are available to answer any questions that the board may have about the form 990.”

“Every board member is provided a related party form annually to complete and sign. No contract or transaction between the corporation and one or more of its directors, or his or her family members, or between the corporation and any other organization of which one or more of its directors or his or her family members are members, shareholders, directors, trustees or officers, or in which any of them has any direct or indirect financial or other interest, shall be void or voidable, or in any way affected, solely for this reason, or solely because the director is present or participates in the meeting of the directors, or of a committee thereof, which authorizes, approves or ratifies the contract or transaction, if: (a) the material facts of his or her relationship or interest as to the contract or transaction are disclosed or are known to the directors or the committee which authorizes, approves or ratifies the contract or transaction; (b) the directors or the committee in good faith authorizes, approves or ratifies the contract or transaction by the affirmative vote of sixty-seven percent (67%) of the disinterested directors or committee members present at the meeting at which quorum is present (without counting interested persons toward quorum); provided, however, that where the potential conflict of interest at issue involves a contract or transaction with another non-profit organization in which all of the directors of the corporation also serve as directors, the contract or transaction shall be authorized, approved or ratified in good faith by the affirmative vote of sixty-seven percent (67%) of the directors or committee members without an interest in the contract or transaction other than their interest as a director of the non-profit organization, who are present at a meeting at which quorum is present (and such directors shall be counted in determining the presence of a quorum at such meeting); and (c) the contract or transaction is in the best interests of the corporation as of the time it is authorized, approved or ratified by the directors or a committee thereof.”

“The compensation committee of jf&cs (supported organization) consists of the board president, treasurer and two past presidents. They set base compensation by using comparability data through the association of jewish family and children services (ajfcs) which compares jf&cs to seven other jewish family and children service organizations. The executive staff is evaluated on management performance review (mpr) and organizational and performance goals are set by the ceo and then sent to the compensation committee for input and/or approval.”

“The organization makes its governing documents, conflict of interest policy, form 990, and financial statements available to the public upon request for the same period of disclosure as set forth in section 6104(d). In addition, the form 990 is available via guidestar and the massachusetts attorney general's website.”

“Change in swap valuation 147,714.”