Daughters of Charity Ministries of Chicago Inc

“Daughters of charity ministries, inc. Is the sole corporate member of the organization. There is one class of membership. Their rights are to approve major changes in mission, major capital expenditures, strategic and financial plans, sale and lease of property, approve changes to bylaws, and approval of the appointment of trustees and chief executive officer.”

“The sole corporate member approves the appointment of members of the governing body.”

“The sole corporate member approves major changes in mission, major capital expenditures, strategic and financial plans, sale and lease of property, approves changes to bylaws, and approves the appointment of trustees and chief executive officer.”

“The form 990 is reviewed by the finance committee of the board of trustees. All voting members of the governing body receive a copy of the 990 prior to the return being filed with the irs.”

“Officers and trustees are required to review, complete and sign the conflict of interest policy each year. The chief executive officer reviews the responses for completion, signatures and any interests that could give rise to conflict. If any such interest is disclosed it is brought to the attention of the chair of the board of trustees.”

“The annual compensation of the ceo and cfo are approved by the board of trustees after reviewing consideration of comparable data, the board of trustees is independent from the ceo and cfo. Approval is documented in the minutes of the executive session of the board of trustees.”

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

“The compensation from a related organization, marillac social center (ms), reported in part vii for bart, president and ceo is the compensation paid by ms for the full time position. A small portion of his time is devoted to the filing organization (msvfs). The compensation from a related organization, st. Vincent de paul center (svdc), reported in part vii for karen kane, chief financial officer is the compensation paid by svdc for the full time position. A small portion of her time is devoted to the filing organization (msvfs).”

“Prior to july 1, 2015, marillac st. Vincent family services (msfs) was the parent entity of marillac social center (marillac) and st. Vincent de paul center (svdc). During the fiscal year ended june 30, 2015, each of these three entities' boards of trustees approved a legal realignment in order to achieve greater efficiencies. Below are the major elements of the legal realignment. During the fiscal year ended june 30, 2015, msfs donated all of its assets and liabilities to marillac social center and st. Vincent de paul center. This is reported as expense in the functional expense statement. Effective july 1, 2015, the parent entity of marillac became svdc and the parent entity of svdc became daughters of charity ministries, inc. On july 1, 2015, the following occurred: msfs was renamed to msvfs holding entity, inc. Svdc was renamed to marillac st. Vincent ministries, inc. Marillac was renamed to marillac st. Vincent family services, inc.”