Children'S Eye Foundation the Foundation

“The organization has one sole member, the american association for pediatric ophthalmology and strabismus, a nonprofit corporation described in section 501(c)(3) of the internal revenue code.”

“As the sole member, aapos shall have the following specific reserved powers in reference to cef/faapos: (i) final approval of the cef/faapos' budget; (ii) final approval of cef/faapos' proposed strategic plans and any material modification to approved strategic plans; (iii) approval of any sale, lease, exchange, or other disposition of all or substantially all of cef/faapos' assets, or any acquisition, or merger or consolidation with any other person or entity; (iv) approval of any amendment or modification to cef/faapos' articles of incorporation and bylaws; and (v) approval of any proposed dissolution, liquidation and winding-up of cef/faapos.”

“The form 990 is prepared by an outside tax professional. The form is then reviewed by the organization's finance and management staff, and questions are referred to the outside tax professional. After a full review (with modifications where necessary), the final version of the form 990 is provided to all members of the organization's voting governing body prior to filing with the internal revenue service.”

“It is the policy of the board of directors of cef/faapos that its directors disclose and, depending on the circumstances, avoid any and all conflicts of interest. A director has a conflict of interest when he/she or a member of his/her family has a relationship with or an interest in another entity that does business with cef/faapos or is a competitor of cef/faapos. The conflict of interest policy is implemented and enforced so as to prevent the judgment of the board from being influenced by an economic relationship in which a director or his/her family is personally involved. Directors satisfy two obligations in regards to this conflict of interest policy: (1) ascertaining and disclosing their own and their family's conflicts, and (2) determining whether another involved person should participate in deliberations and/or voting on an issue with respect to which he/she has a conflict. A director will disclose any conflict at board meetings and recuse themselves if such conflict exists. To accomplish and fulfill this policy, all directors annually submit a disclosure statement, and are responsible for updating the statement if changes occur during the year.”

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

“Contractual services: program service expenses 8,500. Management and general expenses 38,738. Fundraising expenses 0. Total expenses 47,238.”