Webster Place Center Inc.

“Easter seals new hampshire, inc., a new hampshire voluntary corporation is the sole member of webster place center, inc., acting through its governing processes. The member shall select the board of directors of this corporation and shall have the power to remove any director or officer of this corporation, with or without cause.”

“Easter seals new hampshire, inc., a new hampshire voluntary corporation is the sole member of webster place center, inc., acting through its governing processes. The member shall select the board of directors of this corporation and shall have the power to remove any director or officer of this corporation, with or without cause.”

“The easter seals new hampshire, inc. Board of directors fiscal committee reviews and approves long term borrowings up to $100,000 and recommends to the full board of directors for approval amounts in excess of $100,000. The fiscal committee is empowered to adopt all recommended resolutions and to take all other actions to affect such borrowings on behalf of the corporation and its board of directors.”

“The completed irs form 990 is presented to a committee of the parent organization, easter seals new hampshire, inc., for review prior to filing.”

“It shall be against the policy of webster place center, inc. To have conflicts of interest with its directors, officers, staff or members of their immediate families. In the event of a pecuniary benefit transaction as defined by nh law in rsa 7:19-a, it shall be the policy of webster place center, inc. To follow the statute. Included but not limited to the following, the procedure shall be that each director shall complete a questionnaire on the related entities and persons and business activities of the director and members of the director's immediate family as defined by statute and such questionnaire shall be on file at the office of the corporation. In the event the corporation or any director becomes aware of any potential pecuniary benefit transaction as defined by law, the corporation shall follow the procedures prescribed by law and give notice of the transaction to the full board with notice of its next meeting. At the meeting, the board shall vote on whether the pecuniary benefit transaction is in the best interest of the corporation, after full explanation thereof and without the director being present and without any director who has had a pecuniary benefit transaction within the fiscal year being present. If two thirds (2/3rds) of the entire board shall vote that the pecuniary benefit transaction is in the best interest of the corporation, the transaction shall be allowed. Notice of any such pecuniary benefit transaction the value of which is $5,000 or more shall be published according to statute. Notice of all pecuniary benefit transactions shall be given to the director of charitable trusts of the state of new hampshire annually with the reporting by the corporation and individually for those transactions exceeding $5,000.”

“Easter seals new hampshire, inc. Is the parent organization with oversight and responsibility for ten non profit subsidiary entities: easter seals new york, inc.; easter seals maine, inc.; easter seals rhode island, inc.; easter seals connecticut, inc. D/b/a easter seals of coastal fairfield county; easter seals vermont, inc.; harbor schools, inc.; special transit service, inc.; manchester alcoholism rehabilitation center; webster place center, inc. D/b/a webster place recovery center and agency realty, inc. While 100% of compensation for officers and key employees is paid by easter seals new hampshire, each of the officers and key employees also support the ten related organizations. These organizations benefit from all services of the officer and key employee functions, and this structure allows for major cost savings as a result of not hiring or filling officer or key employee positions in each of the subsidiary entities. A significant portion of compensation is supported financially by the ten entities and reimbursed to easter seals new hampshire for their proportionate share. Easter seals new hampshire, inc. Has an executive compensation committee that is made up of former chairs of the board of directors and other directors. It meets annually and reviews data on comparable not-for-profit executives of similar sized organizations in the geographical area in which we operate. That data is compiled from information gathered by the senior vice president for human resources and submitted to the committee. The committee meets independently to review the performance of the president, meets with the president to obtain his input, and then recommends compensation levels. It then submits its report to the entire board of directors which meets in executive session to review the process and the recommendations. The committee also reviews the compensation of the highest level employees and provides input to the president in setting their compensation.”

“Copies of the irs 990 are available online at www.guidestar.org. Copies of the irs form 990 and the non profit status determination documents are available by appointment for public inspection at the corporate office.”

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