Civic Intelligence

Bethshan Foundation

990 • Fiscal year 2016 • EIN 36-3197006

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 08, 2016

12927 South Monitor AvenuePalos Heights, IL 60463

(708) 371-0801

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

6th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

6th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

6th percentile

-53%

Higher net margin than 6% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

39th percentile

-0.7%

Faster asset growth than 39% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

7th percentile

-42%

Faster revenue growth than 7% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Down

$5,863,161

Down $38,554 (-0.7%) from 2015

Net Assets

Down

$5,863,161

Down $38,554 (-0.7%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Down

$495,522

Down $352,203 (-42%) from 2015

Expenses

Down

$756,642

Down $110,416 (-13%) from 2015

Net Income

Down

-$261,120

Down $241,787 (-1251%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2015: $5,901,715Liabilities 2015: $0Net Assets 2015: $5,901,7152015Assets 2016: $5,863,161Liabilities 2016: $0Net Assets 2016: $5,863,1612016Assets 2017: $6,066,353Liabilities 2017: $2,138Net Assets 2017: $6,064,2152017Assets 2018: $6,553,869Liabilities 2018: $0Net Assets 2018: $6,553,8692018Assets 2019: $6,722,665Liabilities 2019: $1,983Net Assets 2019: $6,720,6822019Assets 2020: $6,601,965Liabilities 2020: $1,900Net Assets 2020: $6,600,0652020Assets 2021: $8,500,638Liabilities 2021: $0Net Assets 2021: $8,500,6382021Assets 2022: $7,694,708Liabilities 2022: $1,559Net Assets 2022: $7,693,1492022Assets 2023: $8,801,439Liabilities 2023: $2,683Net Assets 2023: $8,798,7562023Assets 2024: $9,998,954Liabilities 2024: $0Net Assets 2024: $9,998,9542024Assets 2025: $11,594,279Liabilities 2025: $0Net Assets 2025: $11,594,2792025

Highlighted filing

2016

Assets$5,863,161
Liabilities$0
Net Assets$5,863,161

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2015: $847,725Expenses 2015: $867,058Net Income 2015: -$19,3332015Revenue 2016: $495,522Expenses 2016: $756,642Net Income 2016: -$261,1202016Revenue 2017: $553,559Expenses 2017: $688,258Net Income 2017: -$134,6992017Revenue 2018: $1,045,117Expenses 2018: $700,232Net Income 2018: $344,8852018Revenue 2019: $568,901Expenses 2019: $557,303Net Income 2019: $11,5982019Revenue 2020: $249,501Expenses 2020: $531,766Net Income 2020: -$282,2652020Revenue 2021: $1,442,163Expenses 2021: $454,466Net Income 2021: $987,6972021Revenue 2022: $748,627Expenses 2022: $763,372Net Income 2022: -$14,7452022Revenue 2023: $1,029,749Expenses 2023: $275,181Net Income 2023: $754,5682023Revenue 2024: $908,167Expenses 2024: $239,271Net Income 2024: $668,8962024Revenue 2025: $1,084,514Expenses 2025: $94,975Net Income 2025: $989,5392025

Highlighted filing

2016

Revenue$495,522
Expenses$756,642
Net Income-$261,120
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 8, 2016
Return Version
2015v2.0
Gross Receipts
$5,948,376
Mission and Program Overview

Mission

Support bethshan association

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,141,833$4,221,432▲ $79,599
Savings and Temporary Cash Investments$544,255$824,929▲ $280,674
Investments Program Related$887,063$813,732▼ $73,331
Accounts Receivable$320,575$0▼ $320,575
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$5,901,715$5,863,161▼ $38,554
Other Assets Total$7,989$3,068▼ $4,921
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$5,901,715$5,863,161▼ $38,554
Total Net Assets Fund Balance$5,901,715$5,863,161▼ $38,554
Total Liabilities and Net Assets / Fund Balance$5,901,715$5,863,161▼ $38,554

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$7,682$7,682
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bob PaynePresident
Sally PoortengaVice President
Clint VerhagenDirector
Ira SlagterDirector
Jack HoekstraDirector
James Van KampenDirector
Judy GillDirector
Russ Van DykeDirector
Timothy EriksDirector
Tom LemmenesDirector
Kim Lagestee-mulderSecretary
Jori BrinkTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$511,921
Program Service Revenue
$0
Investment Income
$-16,399
Other Revenue
$0
All Other Contributions
$511,921
Change in Net Assets
$-261,120

Audited Revenue Reconciliation

Revenue per Audited Statements
$495,522
Revenue Not Reported on Form 990
$222,551
Total Revenue per Audited Statements
$718,073
Total Revenue per Form 990
$495,522
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$703,733
Other Expenses$52,909
Total Fundraising Expense$10,924
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$703,733--$703,733
Fees for Service Investment Mgmnt Fees-$34,273-$34,273
Fees for Services Accounting-$7,607-$7,607
Other Expenses-$23$3,655$23
Total Functional Expenses$703,733$41,985$10,924$756,642

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$756,642
Total Expenses per Audited Statements$756,642
Total Expenses per Form 990$756,642
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Bethshan AssociationPalos Heights, IL501 (c) (3)Care and Housing$703,733
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

Members of the Organization shall consist of persons eighteen years of age or over who subscribe to the purpose of the Organization as shown in Article II of the constitution, who are members of a church of Reformed persuasion, and who make an annual contribution to the Organization in the preceding year in a minimum amount of ten ($10.00) dollars.

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

At the annual meeting of the members of the Organization, held in October of each year, the members elect the Board of Directors.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

At the annual meeting of the members of the Organization, held in October of each year, the members will receive financial reports, approve the annual budget, approve the purchase or construction of buildings and improvements, and decide other business which may properly be brought to the meeting.

Form 990, Part VI, Line 11B: Form 990 Review Process

The Form 990 is prepared by the certified public accountants from information provided by the Director of Finance, reviewed and signed by the Treasurer of the Organization, and approved for filing by the Board of Directors.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The Organization monitors all new vendors to determine if there is a relationship between a vendor and any Board Member or employee of the Organization which would create a conflict of interest. If a conflict of interest is identified, the Organization documents that the transaction is competitively priced when compared to other vendors.Annually the Board Members and the staff are required to read a statement of what is a conflicted transaction, report any business transacted with the organization, and sign a conflict of interest statement.All conflicts of interest are reported at a Board of Directors Meeting which must approve each tranaction.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The Executive Committee of the Board of Directors annually reviews the job performance and the compensation of the Executive Director, the Director of Finance, and other key employees. Comparable compensation data is collected from similar organization in the Chicagoland region and used when setting the compensation packages. The recommended compensation packages for the Executive Director, the Director of Finance and other key employees are approved by the full Board of Directors.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The Organization's governing document, conflict of interest policies, whistle blower policies, document retention and disposal policies, and financial statements are made available in the employee manual or to the public upon request.

Filing and Contact Details

Filer

Filer Name
Bethshan Foundation
EIN
36-3197006
Phone
7083710801
Address
12927 SOUTH MONITOR AVENUE, PALOS HEIGHTS, IL 60463

Signing Officer

Name
Jori Brink
Title
Treasurer
Signed
2016-11-08
Discuss with paid preparer
Yes

Organization Details

Formed
1982
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Firm
Dreyer Ooms & Van Drunen Ltd
Address
17075 South Park Ave, South Holland, IL 60473-3350
Preparer
Lawrence J Van Drunen
Phone
7085966100
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

TRANSFERS = $15

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IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0SUPPORT BETHSHAN ASSOCIATION
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt05901715
IRS990/NetAssetsOrFundBalancesEOYAmt05863161
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-138132
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-138132
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0222551
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt07989
IRS990/OtherAssetsTotalGrp/EOYAmt03068
IRS990/OtherChangesInNetAssetsAmt015
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Printing and Publications
IRS990/OtherExpensesGrp/Desc1DUES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3FOREIGN TAXES
IRS990/OtherExpensesGrp/FundraisingAmt07269
IRS990/OtherExpensesGrp/FundraisingAmt13655
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt082
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt123
IRS990/OtherExpensesGrp/TotalAmt07269
IRS990/OtherExpensesGrp/TotalAmt13655
IRS990/OtherExpensesGrp/TotalAmt282
IRS990/OtherExpensesGrp/TotalAmt323
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0719569
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0814817
IRS990/PYInvestmentIncomeAmt0128156
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt052241
IRS990/PYRevenuesLessExpensesAmt0-19333
IRS990/PYTotalExpensesAmt0867058
IRS990/PYTotalRevenueAmt0847725
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-261120
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt0495522
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0544255
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0824929
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0363038592
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0703733
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0BETHSHAN ASSOC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0703733
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0756642
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0222551
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07682
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt07682
IRS990ScheduleD/RevenueNotReportedAmt0222551
IRS990ScheduleD/RevenueSubtotalAmt0495522
IRS990ScheduleD/TotalBookValueProgramRltdAmt0813732
IRS990ScheduleD/TotalExpensesPerForm990Amt0756642
IRS990ScheduleD/TotalRevenuePerForm990Amt0495522
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0718073
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0756642
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0703733
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501 (C) (3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CARE AND HOUSING
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BETHSHAN ASSOCIATION
IRS990ScheduleI/RecipientTable/RecipientEIN0363038592
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt012927 SOUTH MONITOR
IRS990ScheduleI/RecipientTable/USAddress/CityNm0PALOS HEIGHTS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd060463
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0BOOK
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FINANCIAL REPORTS OF THE SUPPORTED ORGANIZATION ARE REVIEWED BY THE MEMBERS OF THE BOARD TO ENSURE THAT THE FUNDS ARE NOT DIVERTED FROM THEIR INTENDED USE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Members of the Organization shall consist of persons eighteen years of age or over who subscribe to the purpose of the Organization as shown in Article II of the constitution, who are members of a church of Reformed persuasion, and who make an annual contribution to the Organization in the preceding year in a minimum amount of ten ($10.00) dollars.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1At the annual meeting of the members of the Organization, held in October of each year, the members elect the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2At the annual meeting of the members of the Organization, held in October of each year, the members will receive financial reports, approve the annual budget, approve the purchase or construction of buildings and improvements, and decide other business which may properly be brought to the meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Form 990 is prepared by the certified public accountants from information provided by the Director of Finance, reviewed and signed by the Treasurer of the Organization, and approved for filing by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Organization monitors all new vendors to determine if there is a relationship between a vendor and any Board Member or employee of the Organization which would create a conflict of interest. If a conflict of interest is identified, the Organization documents that the transaction is competitively priced when compared to other vendors.Annually the Board Members and the staff are required to read a statement of what is a conflicted transaction, report any business transacted with the organization, and sign a conflict of interest statement.All conflicts of interest are reported at a Board of Directors Meeting which must approve each tranaction.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Executive Committee of the Board of Directors annually reviews the job performance and the compensation of the Executive Director, the Director of Finance, and other key employees. Comparable compensation data is collected from similar organization in the Chicagoland region and used when setting the compensation packages. The recommended compensation packages for the Executive Director, the Director of Finance and other key employees are approved by the full Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Organization's governing document, conflict of interest policies, whistle blower policies, document retention and disposal policies, and financial statements are made available in the employee manual or to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7TRANSFERS = $15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

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