Homeless Children'S Education Fund

“The executive committee shall: 1) have and exercise all power and authority granted by these bylaws. 2) have and exercise all the power and authority of the board of trustees to transact the business of the organization, in accordance with the board's established policies and goals, in the intervals between board meetings; all actions are to be reported and ratified by the board at the next trustee meeting. 3) make all decisions required by the immediate needs of the organization. 4)review the reports and recommendations of the board's committees and the respective chairs and take appropriate action thereon in accordance with the board's established policies and goals. 5)consider and recommend plans for acquiring capital and operating funds for the organization,including investments. 6) supervise the management of all endowment and trust funds of the organization. 7)determine the financial feasibility of organization projects, actions and undertakings referred to it by the board. 8) review, adjust and recommend to the board the annual budgets of the organization and ensure that the short-range and long-range estimates of capital and operating funds are prepared in accordance with approved organization policy. 9) review the organization's quarterly financial performance, approve a quarterly financial report for presentation to the board, and submit recommendations with regard thereof. 10) recommend to the board the borrowing of short-term and long-term funds, as necessary. 11) evaluate and review on a periodic basis the organization's financial policies, and develop and present recommendations on the financial policies of the organization for consideration by the board. 12) review and make recommendations to the board regarding the regular audits, at least annually. 13) make recommendations to the board concerning the handling of the fiscal affairs of the organization and perform such other duties related to fiscal matters as may be assigned to it by the board or the chair of the organization. 14) conduct annual performance assessment of the hcef board of trustees.”

“A draft form 990 is reviewed by the organization's internal management. The 990 is then provided to the board of trustees for review. A final copy of the form 990 is provided to the entire board prior to filing with the internal revenue service.”

“Trustees complete a conflict of interest form on an annual basis to identify potential or actual conflicts. If a conflict is identified the trustee recuses himself/herself from that issue.”

“The executive director is the only compensated officer. The executive committee/finance committee(composed of independent persons), reviewed survey reports regarding compensation of executive directors of other similar local not-for-profit organizations in connection with determining the compensation for the executive director. The compensation package was presented to the executive director and discussed with the board chair. After discussion, compensation was submitted to the executive committee followed by the full board for approval.the review was recorded in hr documentation and board action was recorded in meeting minutes.”

“Homeless children's education fund makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“The following individuals serve as emeritus trustees of homeless children's education fund with no voting rights: anthony accamando jr., veronica edwards, becky rodgers, and jerald wozniak.”

“The organization's financial statements are audited by an independent accounting firm. The organization has an audit and finance committee that is responsible for oversight of the audit of its financial statements and its selection of the independent accountant. This process has not changed from the prior year. In addition, the committee works with the executive director to review and approve the draft audit report prepared by the independent accountant.”