A Precious Child Inc.

“Before filing the 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 board reviews the compensation of all other offices 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 ceo's compensation was last reviewed in may 2022.”

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

“Clothing, household goods, and housing assistance grants were distributed to victims of the marshall fire.”

“Givesports provides new and gently-used sports equipment along with support for sports program costs associated with registration, uniforms, camp, and participation fees to children in need, giving them the opportunity to participate in sports. In 2022, givesports provided opportunity funds, sports equipment and skills camps to 18,412 children in need. Precious gift provides gifts to children who would otherwise go without during monumental times in their life, such as birthdays and the holiday season. In 2022, 17,215 children were provided with birthday and holiday presents and specially made birthday treats, a value of over $853,908. Inspiring minds provides access to stem-based activities to children visiting a precious child's resource center and through educational, take-home stem kits. The inspiring minds center was closed in 2021 due to the covid-19 pandemic; however, in 2022 1,602 children received stem kits. Edussentials provides educational support, such as computers, calculators, tutoring, and incentives to remove barriers to school attendance and improve educational outcomes for economically disadvantaged students. Edussentials supported 658 children in 2022. Givearts provides support for the arts program costs associated with lessons, participation fees, instruments, and art supplies to children in need, giving them the opportunity to participate in music, dance, theatre, and visual arts. Givearts supported 140 children in 2022.”

“The organization has not changed its oversight in this process.”