Pediatric Therapy Network

“The form 990 is reviewed by the finance committee and approved by the board prior to filing.”

“A conflict of interest disclosure statement is furnished annually to each director, officer and member of the executive staff of the organization. The statement includes a list of major vendors with whom ptn transacted business during the previous year. The forms are reviewed and signed by each member with any conflicts noted and returned to the board secretary. If a conflict involves the board secretary, it would be reviewed by the chair of the audit committee.”

“All management level salaries are included on an annual salary scale that is reviewed by the executive committee and approved by the board as part of annual budget approval independently, without the participation of interested parties. Salaries for all key positions, including the chief executive officer, have been and will continue to be reviewed against average salaries for commensurate position in the same demographic market. The board chair, in conjunction with a board committee, reviews the performance of executive officers , reviews and approves in writing the annual salary of these positions.”

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

“The board chair and committee, in conjunction with audit committee, reviews and supervises the work performed by the external auditors. The audit and financial statements are approved during a board meeting.”

“On april 19, 2021, the board of directors agreed to a merger into united cerebral palsy/spastic children's foundation of los angeles and ventura ("ucpla") (momentum agencies changed their name as of august 17,2022), an unrelated third party nonprofit corporation. The merger was completed and accepted by ucpla on july 1, 2021. All assets and liabilities of the organization were vested in momentum agencies by virtue of this merger and became effectually properties of momentum agencies. The rights of all creditors of the organization shall be preserved unimpaired. The title to assets acquired or otherwise vested in the organization shall not revert or be in any way impaired by reason of this merger, but were vested in momentum agencies by virtue of the merger. The organization's services will continue to provide current services at its existing locations. With this merger the two organizations will bolster its involvement with clinical training, program development, research, and advocacy and extend it impact in supporting children, adults, and families across 37 program and service sites across five counties in southern california.”