Day Care Resources Inc.

“Dana rein and charles h rein, directors of day care resources, inc. Are father and son.”

“The form 990 for day care resources, inc. Is prepared by independent accounting firm, ginoli & company. The completed form 990 with attachments is copied and mailed to all directors prior to filing with the irs. The financial officer reviews form 990 in detail compared to accounting records of the company and confirms agreement by signing.”

“Monitoring and enforcement of the written conflict of interest policy is accomplished in several ways. First, the board of directors assure topics to be voted on will not have conflict issues with the directors. An example is the executive director compensation. The executive director excuses himself from the board meeting while the independent directors discuss and vote on executive director compensation. Second, daily business transactions are checked for conflict before purchases are made with any company by the employee making the buy analysis and it is checked by the accounting department. Third, the directors read, affirm and sign off annually their agreement to comply with the written conflict of interest policy.”

“THE CORPORATION CEO RECEIVES NO COMPENSATION FOR THE JOB POSITION. THE SAME PERSON IS A MANAGING DIRECTOR OF THE PROGRAM WHO RECEIVES COMPENSATION APPROVED BY THE INDEPENDENT DIRECTORS OF THE BOARD. TO ESTABLISH THE ANNUAL COMPENSATION, THE THREE INDEPENDENT DIRECTORS REVIEW THE PROPOSED COMPENSATION PACKAGE WITH COMPARATIVE EXECUTIVE COMPENSATION FROM OTHER NOT-FOR-PROFITS IN THE STATE OF ILLINOIS BASED ON INFORMATION AVAILABLE ON GOVERNMENT/DEPT OF LABOR SPONSORED WEBSITES. THEY FURTHER REVIEW HISTORICAL COMPENSATION AND CURRENT ECONOMIC ENVIRONMENT OF THE COMPANY AS WELL AS OVERALL FUNDING FROM THE USDA. THE DECISION IS BASED ON A VOTE OF THE INDEPENDENT DIRECTORS WITH THE CEO, EXECUTIVE DIRECTOR AND RELATED DIRECTORS ABSENT FROM THE SESSION AND VOTE. 15b. OTHER EMPLOYEES OF THE CORPORATION HAVE SALARIES ESTABLISHED BY THE EXECUTIVE DIRECTOR USING DEPARTMENT OF LABOR WAGE STATISTICS FOR THE STATE OF ILLINOIS, WAGE SCALES ESTABLISHED BY THE COMPANY FOR EACH LEVEL OF POSITION. ANALYSIS INCLUDES CURRENT ECONOMIC ENVIRONMENT OF THE COMPANY AS WELL AS OVERALL FUNDING FROM THE USDA.”

“Organization document form 1023 and 3 years of form 990 are available for public inspection at the home office address. The public can request to view the documents by phone, mail or in person at the home office. There is a 10 cent charge for each page copied. Form 990, part vi, section c, line 19 - day care resources, inc. Has an a-133 single audit performed annually by an independent accounting firm. The results are submitted to the federal audit clearinghouse and available to the public. Annually the corporation submits documents for conflict of interest policy, minutes of the board of directors, governing documents, and financial statements to illinois state board of education who has fiscal oversight responsibility for the usda food program. These documents are available to the public through the freedom of information act.”