A Precious Child Inc

“Before filing form 990, it is reviewed by the ceo and vice president of finance and then forwarded to the executive committee of the board of directors for their final review and approval. A copy is provided to the entire board of directors. Once officially approved, it is filed with the irs.”

“Inquiries are made at the board meetings to ensure that every member is in compliance with the conflict of interest policy. Transactions with potential conflicts of interest are identified by the ceo and vp of finance as transactions are approved. Any potential or actual conflict would be discussed by executive staff and the board of directors and legal counsel would be obtained if deemed necessary. Members of the board of directors are covered under the policy. Determination of whether a conflict exists, and actual conflicts are reviewed by executive staff and the board of directors. A person with a potential conflict could participate in deliberations but would be excluded from discussions and/or voting where a final determination would be made.”

“The organization determines employee compensation by looking at market comparisons, budget allowances and performance reviews. A committee made up of members of the board of directors determines the ceo's compensation using the process described. The ceo's compensation was last reviewed in february 2025. The board reviews the compensation of all other officers and key employees. The organization determines employee compensation by looking at market comparisons, budget allowances and performance reviews. This process is used to establish compensation for all paid staff positions in may of each year.”

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

“We received funding (a $400k grant from the dept. Of labor) to start a new program called pathways. The pathways program is dedicted to equipping young individuals ages 16 - 24, with relevant experience to prepare them for the workforce. The pathways program began incurring expenses related to startup and construction of changes to our facility, but the program did not start serving clients until february of 2025.”

“The inspiring minds program stopped operating at the end of 2023, so it did not operate in 2024. We stopped providing services specifically for marshall fire victims at the end of 2023. The basics 4 babies program and the precious essentials program were combined in 2024 and renamed the "empowerment resource center". The services provided by these 2 programs did not change, they were rolled up into one program.”