The Children'S Hospitals Neonatal Consortium

“The form 990 was prepared by an independent accounting firm. It was then reviewed by the treasurer and executive director and any corrections or clarifications were made. The 990 was sent to all board members by email. Each board member confirmed receipt and review of the form 990. Any questions regarding findings were confirmed or revised prior to filing.”

“If an officer, director or key employee has a position or financial interest in a business or other entity with which chnc is considering entering into an arrangement or transaction, the interested person must disclose the conflict of interest to the board of directors or executive committee. If any arise, the conflict is reviewed by the board members to determine if any action is needed. In addition, annually, each person signs a statement affirming his or her understanding of the policies of chnc and completes a questionnaire and disclosure statement. Also, periodic reviews are conducted by the board to ensure that transactions and arrangements conform to chnc's policies, further its tax-exempt purposes and do not result in private inurement, impermissible private benefit, or in an excess benefit transaction.”

“The board chair researched non-profit executive director salaries of similar organizations. The board discussed and approved the salary of the executive director. The salary is documented in the minutes of the board meeting. Any adjustments and/or increases in salary are reviewed in the board meeting at the time of budget discussions.”

“The required documents are made available upon request.”

“The compensation reported for Theresa Grover, MD, is paid by the University of Colorado Medicine (CU Medicine), an unrelated organization. THE COMPENSATION REPORTED FOR KARNA MURTHY IS PAID BY ANN & ROBERT H LURIE CHILDREN'S HOSPITAL OF CHICAGO, AN UNRELATED ORGANIZATION. HE IS NOT COMPENSATED FOR HIS SERVICES AS BOARD PRESIDENT.”

“SUPPORT SERVICES - Total Expense: 646613, Program Service Expense: 646613, Management and General Expenses: , Fundraising Expenses: ; PROFESSIONAL SERVICE FEES - Total Expense: 29838, Program Service Expense: 29838, Management and General Expenses: , Fundraising Expenses: ; STATISTICAL SUPPORT - Total Expense: 23752, Program Service Expense: 23752, Management and General Expenses: , Fundraising Expenses: ; ADMINISTRATIVE ASSISTANT - Total Expense: 39855, Program Service Expense: , Management and General Expenses: 39855, Fundraising Expenses: ;”