The Baby Fold

“The illinois great rivers conference of the methodist church appoints three members of clergy to the board of directors of the baby fold.”

“When possible the draft form 990 is reviewed and approved by the business committee and this committee then presents the form 990 to the board of directors for passage before signing. Occasionally, if the timeframe for draft is too close to the filing date, the form 990 may be reviewed and approved by the committee after signing.”

“Annually, all board members and executive team members must sign a conflict of interest statement. Each statement is reviewed by the executive committee of the board and monitored. Any conflicted board members are asked to abstain in voting on those issues.”

“The ceo negotiated a contract for salary and benefits with the board of directors upon hire. The ceo is evaluated annually by the executive committee of the board of directors and merit increases, if any, are determined at that time. Additionally the executive committee establishes annual objectives for the ceo that are reviewed throughout the year and again at the time of evaluation. Salary surveys are used at times for comparison purposes in the determination of merit increases and benefit changes for the ceo.”

“The audited financial statements are available on the baby fold's website at: thebabyfold.org. All returns and other information is available upon request. The form 990 is also available on guide star.”

“Student stipend: program service expenses 8,780. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,780. Consulting fees: program service expenses 103,121. Management and general expenses 85,672. Fundraising expenses 1,100. Total expenses 189,893.”

“Equipment rental & maintenance: program service expenses 26,874. Management and general expenses 3,731. Fundraising expenses 6,689. Total expenses 37,294. Miscellaneous: program service expenses 6,020. Management and general expenses 12,942. Fundraising expenses 17,678. Total expenses 36,640. Printing and publications: program service expenses 0. Management and general expenses 41. Fundraising expenses 36,374. Total expenses 36,415. Postage: program service expenses 9,028. Management and general expenses 2,021. Fundraising expenses 7,162. Total expenses 18,211. Board of trustees: program service expenses 0. Management and general expenses 1,900. Fundraising expenses 0. Total expenses 1,900.”

“Pension-related changes other than net periodic cost -575,607. Unrealized loss from investment held in trust -19,075.”

“Oversight of audit/selection of accountant: the business committee acts as the audit committee for the board of directors. It is responsible for the selection of auditors; review and recommend the annual audit for the board acceptance. The business committee asks for feedback on the audit from the ceo and vice president of finance as well. Typically new auditors are selected from a bid process on a periodic basis.”