Pals Programs

“This return is completed by a member of our Governing Board and then shared with the Governing Board via email. All questions, concerns and adjustments are made and the form is then reviewed by an accountant. Any additional concerns are returned for adjustment from the Board and the final form is then submitted.”

“In connection with any actual or possible conflict of interest, an interested person must disclose the existence of his or her financial interest and must be given the opportunity to disclose all material facts to the PALS Programs Directors considering the proposed transaction or arrangement. Determining Whether a Conflict of Interest Exists. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining Directors shall decide if a conflict of interest exists. Procedures for Addressing the Conflict of Interest. (1) An interested person may make a presentation at a PALS Programs Board of Directors meeting, but after such presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement that results in the conflict of interest. (2) The PALS Programs Directors shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. (3) After exercising due diligence, the PALS Directors or committee shall determine whether the Corporation can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. (4) If a more advantageous transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the PALS Directors or committee shall determine by a majority vote of the disinterested PALS Directors whether the transaction or arrangement is in the Corporation's best interest and for its own benefit and whether the transaction is fair and reasonable to the Corporation and shall make its decision as to whether to enter into the transaction or arrangement in conformity with such determination.”

“We hired an Executive Director in September 2012. We contacted other similar corporations, reviewed average compensation details, developed a hiring committee and eventually put forth a contract proposal to one of our founders. Her contract details and compensation was reviewed and approved by the governing board as well as vetted through our lawyer and other independent advisors. In June 2014, we completed a similar process to hire our second employee, a Program Coordinator. As a result of this process, we hired Sarah Barnes, as noted in Section A, Part VII, at an annual salary of $40,000 beginning on June 1, 2014.”

“Our governing documents (which includes our conflict of interest policy) as well as our statement of values are made available by request. Our 990 forms are made available on our website as well as on guidestar. Our financial statements are shared with our volunteer program leaders and included in a an annual report that is shared with all donors, families, and volunteers each year.”