National Runaway Switchboard

“Monitoring Conflict of Interest Policy Members of the Board of Directors complete a Conflict of Interest Statement annually that includes a disclosure for any financial or personal interest that he or she may have in any company doing business with the National Runaway Switchboard (dba National Runaway Safeline). These statements are updated during the course of the year in the event that there are any changes. A Conflict of Interest Policy is included in the Board Manual and applies to all Board Members.”

“Compensation Policy An Annual Performance Review is conducted for all regular employees. As part of the review process, employees prepare a self-evaluation that includes a comparison of performance to goals set for the fiscal year. Employees are also asked to determine new goals for the following fiscal year during the annual review process. In addition, the Board of Directors completes an annual performance evaluation of the Executive Director. The Chair of the Board reviews the evaluation with the Executive Director. Any changes in compensation for the Executive Director are reported to the Director of Finance.”

“Form 990 Review Process A DRAFT FORM 990 IS FIRST REVIEWED BY THE EXECUTIVE DIRECTOR AND DIRECTOR OF FINANCE. THE RETURN IS THEN REVIEWED AND APPROVED BY THE FINANCE COMMITTEE.”

“Governing Documents Disclosure Policy FINANCIAL STATEMENTS INCLUDING THE FISCAL YEAR AUDIT, FORM 990 AND ANNUAL REPORT ARE POSTED ONLINE AT www.1800runaway.org as soon as they are available and can be freely downloaded. All other governing documents are available upon request.”

“Oversight of the Audit of Financial Statements and Independent Accountants The Director of Finance prepares monthly financial statements that are reviewed by the Executive Director and the Finance Committee. The Finance Committee meets a minimum of four times per year with additional meetings scheduled as needed. Annually, the Director of Finance prepares reports and statements needed and requested by Independent Auditors. Once the Audit has been completed, a draft of the Audited Financial Statements are prepared and submitted to the Executive Director and to the Finance & Audit Committees. A representative of the Independent Auditing Firm meets with the Audit Committee to review and discuss the draft reports. Once the draft audit report has been accepted by the Audit Committee it is submitted to the full Board of Directors for final approval. The selection of the Independent Audit Firm is performed by the Executive Director in conjunction with the Finance and Audit Committees. If the determination is made to seek alternative consultants, a request for proposals is created and circulated for bids. NRS current three year federal cooperative agreement does not specify standards or requirements for this process.”