Texas Alliance for Child and Family

“Organization process to review form 990 the treasurer of board of directors reviewed the form 990 with the independent tax advisers before it was filed. Each board of director was provided with a copy of the form 990 prior to the return being filed.”

“Enforcement of conflicts of interest texas alliance for child and family services will enter into a transaction involving a potential conflict of interest only if the board determines that the terms of the transaction are at least as favorable to texas alliance for child and family services as would be from any other comparable source and only after observing the following procedures: a.the interested director must disclose the material facts concerning his or her interest in the transaction at a meeting of the board and such disclosure must be recorded in the minutes of the meeting. B.the interested director must not participate in, or be present for the discussion of the merits of the transactions. C.the interested director must abstain from voting on the transaction. D.the interested director will not be counted in determining whether there is a quorum present to consider the transaction. E.the transaction must be approved by a majority vote of the remaining board members. Members of the board of directors, consultants, staff or any relatives of these individuals will not receive preferential treatment in application for and receipt of the organization's services.”

“Process to review compensation for top official the officers of the board of directors adopted a procedure to ensure that the compensation received by the executive director is the fair value for such services, which is the value that would ordinarily be paid for like services by a like enterprise under like circumstances. We review the salary survey conducted by the nosac association (executive directors of like organizations). Contemporaneous documentation and recordkeeping with respect to deliberations and decisions are kept.”

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

“The texas alliance for child and family services has elected to prepare its financial statements using the modified cash basis of accounting. Under this basis of accounting, revenue is recognized when received, rather than when earned, except for receipts benefiting future periods which are recorded as deferred revenue. Expenses are recognized when the disbursements are made, rather than when incurred, except for the provision for depreciation of building, furniture and equipment, the provision for accrued property taxes, and the provision for accrued vacation payable. Investments are recognized at fair value with the related unrealized gain (loss) reflected in the current year. Building, furniture and equipment are capitalized when acquired, whether with cash or through long-term financing arrangements.”

“Decrease in net assets due to exchange of ownership in building with an account receivable from supporting organization. See additional information on schedule r.”