Methodist Home for Children Foundation

“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 officers and board of directors through email.”

“Officers, directors and key employees are required to disclose annually interest that could give rise to conflicts.”

“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 survey (typically the alliance for children and families and pccyfs respectively) is conducted by the chair in consultation with board leadership to set the salary and 457 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 mfsp board member input. Salary adjustments fall into 3 categories, but are not always changed each year. Across the board cost of living adjustment for all employees (annually approved by the human resources committee), salary adjustment according to trends and if below average according to standard salary surveys and/or recognition for high performance in the given year.”

“The organization makes its governing documents and financial statements available to the public upon request.”

“Change in the value of perpetual trusts 216,429.”

“Mhcf is a non-profit entity as described in section 501(c)(3) of the internal revenue code and is exempt from federal and state income taxes. Accordingly, there is no provision for income taxes. The mhcf is not aware of any activities that would jeopardize its tax-exempt status or any activities that are subject to tax on unrelated business income taxes. The mhcf follows the guidance in the income tax standard regarding the recognition and measurement of uncertain tax positions. The guidance clarifies the accounting for uncertainty in income taxes recognized in an entity's financial statements. The guidance further prescribes recognition and measurement of tax provisions taken or expected to be taken on a tax return that are not certain to be realized. The application of this standard had no impact on the mhcf's financial statements.”