Pals Programs

“Organization's process to review form 990 - a copy of the 990 will be provided to the board for review and approval before filing.”

“Enforcement of conflicts policy 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.”

“Compensation process for top official - compensation is reviewed and approved by the governing body as well as vetted through a lawyer and other independent advisors. Compensation process for officers - compensation is reviewed and approved by the governing body as well as vetted through a lawyer and other independent advisors.”

“Governing documents disclosure explanation - 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 guidestar. Our financial statements are shared with our volunteer program leaders and included in an annual report that is shared with all donors, families, and volunteers each year.”

“Effective september 1, 2016, the organization changed its method of accounting from the modified basis of accounting to principles generally accepted in the united states of america as the basis for its financial statements. The accompanying financial statements have been restated to conform with the new basis of accounting. As a result of the change, net assets as of september 1, 2016 are $64,235 lower than the amount previously reported.”

“The oversight and selection processes have not changed from prior years”