Day Nursery Building Corp

“Day nursery building's ceo, elizabeth denson, also serves as the ceo of the related organization, colorado springs child nursery centers, inc. Dba early connections learning centers (cscnc). Based on the irs definition of a business relationsip, elizabeth denson has a business relationship with the following board members, due to the members' joint service on the board of cscnc, where elizabeth denson is employed as an officer-employee: tammy havens, lauren ragland, claire nutter, kim roberson, george luke, robert gonzales, sandy jaray, deborah lane, janet bruger, maureen lawrence, carissa ruben, gregory thatcher, sandy dye.”

“THE TREASURER OF THE ORGANIZATION DISTRIBUTES A PDF COPY OF THE 990 RETURN TO ALL BOARD MEMBERS FOR REVIEW AND COMMENT PRIOR TO BEING FILED. ADDITIONALLY, The related organization's finance committee, COLORADO SPRINGS CHILD NURSERY CENTERS, INC. DBA EARLY CONNECTIONS LEARNING CENTERS (CSCNC), REVIEWS THE 990 prior to filing with the IRS.”

“At each board meeting, if there is a discussion of selecting or engaging a vendor or service provider, all in attendance are asked to recuse themselves from this discussion if there could be a perceived conflict. A majority of disinterested directors or committee members are required to vote on transactions involving a conflict of interest. Annually, the organization reviews and discusses the conflict of interest policy and requests that each board member list and acknowledge any known conflicts.”

“The filing organization, Day Nursery Building Corp, does not have any paid employees. THE RELATED ORGANIZATION, COLORADO SPRINGS CHILD NURSERY CENTER (CSCNC), HAS A COMPENSATION POLICY IN PLACE. THE BOARD OF DIRECTORS OF CSCNC COMPLETE AN ANNUAL PERFORMANCE REVIEW OF THE CEO. THE BOARD REVIEWS COMPENSATION INFORMATION ON THE COMPENSATION OF INDIVIDUALS IN LIKE POSITIONS AND IN COMPARABLE ORGANIZATIONS. THE BOARD APPROVES ANY CHANGES IN COMPENSATION BASED ON MERIT, PERFORMANCE, AND MARKET ADJUSTMENTS. THE ORGANIZATION HAS NO OTHER PAID OFFICERS OR EMPLOYEES MEETING THE IRS DEFINITION OF A KEY EMPLOYEE.”

“The governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“The RELATED ORGANIZATION, COLORADO SPRINGS CHILD NURSERY CENTERS, INC. DBA EARLY CONNECTIONS LEARNING CENTERS (CSCNC), HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR SELECTING THE INDEPENDENT AUDITOR FOR THE FINANCIAL STATEMENT AUDIT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.”