Infant Welfare Society of Chicago

“The chief financial officer is designated to review the 990 along with the board president and treasurer. After a preliminary review by these individuals, a draft of the 990 is sent to the entire board of directors for comments. The 990 is then finalized and filed with the internal revenue service after all comments and questions are addressed.”

“Board members and key employees sign a conflict of interest statement. The chief executive officer reviews those statements.”

“Compensation for top management and key employees is based upon an annual illinois primary healthcare association (iphca) survey. Iphca is the trade organization for federally-funded health centers (fqhc) statewide. Although the infant welfare society is not an fqhc, their operation is very similar to that of an fqhc. The executive committee of the board of directors makes salary recommendations for top management to the board of directors. The board of directors then approves the compensation for top management.”

“The governing documents, conflict of interest policy, and the financial statements of the society are available to the public only upon request.”

“Contracted specialized services: program service expenses 347,041. Management and general expenses 0. Fundraising expenses 0. Total expenses 347,041. Medical services: program service expenses 199,916. Management and general expenses 17,796. Fundraising expenses 0. Total expenses 217,712. Business consultants: program service expenses 6,100. Management and general expenses 80,504. Fundraising expenses 0. Total expenses 86,604. Payroll services: program service expenses 0. Management and general expenses 38,256. Fundraising expenses 0. Total expenses 38,256. Miscellaneous services: program service expenses 78,462. Management and general expenses 23,723. Fundraising expenses 31,879. Total expenses 134,064.”

“Auxiliary support expenses -247,019.”