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 523. Management and general expenses 0. Fundraising expenses 0. Total expenses 523. Consulting fees: program service expenses 121,250. Management and general expenses 84,631. Fundraising expenses 0. Total expenses 205,881.”

“Miscellaneous: program service expenses 23,576. Management and general expenses 37,366. Fundraising expenses 24,957. Total expenses 85,899. Dues & subscriptions: program service expenses 6,905. Management and general expenses 61,700. Fundraising expenses 1,568. Total expenses 70,173. Equipment rental & maintenance: program service expenses 29,421. Management and general expenses 3,783. Fundraising expenses 3,118. Total expenses 36,322. Printing and publications: program service expenses 0. Management and general expenses 209. Fundraising expenses 21,718. Total expenses 21,927. Postage: program service expenses 7,258. Management and general expenses 4,271. Fundraising expenses 5,674. Total expenses 17,203. Board of trustees: program service expenses 0. Management and general expenses 599. Fundraising expenses 0. Total expenses 599.”

“Pension-related changes other than net periodic cost 651,978. Unrealized loss from investment held in trust 399,791.”

“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.”