Sebastian Ferrero Foundation Inc

“Line 12a - conflict of interest policy although the foundation does not have a formal conflict of interest policy, article iv, section 12 of the bylaws address the issue of a conflict of interest in relation to the board of directors. The bylaws state that a director is expected to exercise his or her powers in the interest of the foundation and not in their individual interest or for any other person or entity. Any director who has potential conflict of interest with the business of the foundation must disclose the potential conflict and recuse themselves from any action related to the conflict.”

“Luisa cannella ferrero horst ferrero director president family relationship jon pritchett kelly pritchett director director family relationship”

“The governing body has an agenda for every meeting. However, the governing board does not keep minutes.”

“The executive committee has an agenda for every meeting. However, the committee does not keep minutes.”

“A detailed review of the final form 990 is conducted by horst ferrero, president of the board of directors, and gil levy, treasurer of the board of directors. A final copy of the form 990 is sent to all board members for review prior to filing.”

“The foundation has a compensation policy used to determine the salary of the top management official. The board of directors uses compensation surveys for similarly qualified persons in functionally comparable positions at similarly situated organizations. The performance and the compensation of the executive director shall be formally reviewed and approved by the board of directors periodically and the deliberations reflected in the meeting minutes.”

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

“The mission of the sebastian ferrero foundation is to advocate and fundraise for continued advancements in facilities, patient safety and innovative programs dedicated to delivering integrated pediatric care for all children and their families.”

“The pritchett family announced at the foundation's 2013 annual fundraising event a pledge for 1 million to benefit the uf health shands children's hospital. Such pledge is payable over 5 years to the uf foundation and credit will be given to the sebastian ferrero foundation as per the gift agreement between sebastian ferrero foundation and the university of florida foundation. Form 990 - additional information at the close of 2016, the foundation's assets included 195,318 in pledges and accounts receivable. The foundation recognized contribution revenue of the same amount in its prior year income. During 2017, the foundation received 111,060 of this money. The remaining pledged receivables has been removed due to the funds were contributed to university of florida directly, thus reducing the university of florida pledge payable as well. The 195,318 reduction in receivables is reflected on part x, line 3. Because revenue related to these contributions was recognized in prior years, the receipt of these contributions during 2017 is appropriately not reflected in the 2017 contribution revenue of the foundation. Part ix, line 7 - other salaries and wages the foundation leases its employees; therefore, part v, line 2a reports zero w-2s. The leased employee expenses are reported on part ix, line 7.”

“CONSULTING 72,521 0 0”

“Release of pledge payable 197,767 return of donated items held for sale -55,226 release of pledge receivable -84,258 total 58,283”