Bellefaire Jewish Children'S Bureau

“Change in value of perpetual trusts ($397,567)”

“Pension liability adjustment $4,787,240”

“TOTAL $4,389,673”

“An independent consulting actuary is utilized annually to determine the actuarial present value of accumulated plan benefits due to plan participants. The above adjustment to the pension liability was prompted by a change in the discount rate used in the calculation by the actuary.”

“The executive committee of the board has been authorized to act on behalf of the board in between meetings.”

“As defined by irs regulations, the president has a business relationship with the cfo and executive director because the president is a director at wingspan care group and employs the cfo and executive director of bellefaire jcb.”

“The preliminary 990 is reviewed by rsm us llp, the cfo of wingspan care group (a related organization), and the director of accounting. It is then reviewed by the president and finance committee of bellefaire jewish children's bureau prior to filing. A copy is also made available to the bellefaire jewish children's bureau board prior to being filed.”

“Bellefaire jewish children's bureau has adopted the conflict of interest policy of its sole member that on an annual basis requires each board member complete a conflict of interest disclosure statement. This statement is distributed and collected by the chair of the risk management committee of the board and is maintained in that office. Each disclosure statement that contains a "yes" answer to any one or more questions is given to the president and board chairman of bellefaire jewish children's bureau who brings the matter, if material, to the board of directors. The board of directors determine if a conflict exists and if it is material.”

“An independent executive committee of the board monitors salaries for presidents of like organizations. Based on this analysis, the compensation for the president was determined. The salary of the president is reviewed and approved by the executive committee of the wingspan board annually.”

“THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC AT THE OFFICE OF BELLEFAIRE JEWISH CHILDREN'S BUREAU, 22001 FAIRMOUNT BLVD, SHAKER HEIGHTS, OH 44118 DURING NORMAL BUSINESS HOURS. THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AS REQUESTED FOR THE SAME PERIOD OF TIME AS SET FORTH IN IRC SECTION 6104(d).”

“Bellefaire jewish children's bureau has another related 501(c)(3) organization as its sole member.”

“The sole member of bellefaire jewsih children's bureau has the power to elect members to the governing body.”

“The sole member of bellefaire jewish children's bureau has the power to approve all decision made by the governing body.”

“Foster care, adoption and other: the foster care program provides safe foster homes for youth who have been abused, neglected 4353176. 350420. 1879204.”