Divine Child Alumni Association Foundation

“Form 990, Part VI, Section A, Line 2 - Form 990, Part VI, Section A, Line 2 - The Board of Directors of the organization includes the Pastor of the Church of the Divine Child Parish, being Father (Fr.) Robert McCabe and the Principal of the Divine Child High School, Mr. Anthony Trudel. The Church of the Divine Child Parish and its operating unit, the Divine Child High School, are tax-exempt under Code Section 501(c)(3) by reason of inclusion in the group ruling issued to the U.S. Catholic Conference of Bishops and listed in the Official Catholic Directory. The Pastor is the Principal's supervisor by reason of his pastoral duties at the Church of the Divine Child Parish and its operating units, including the high school. The Pastor and Principal are compensated by the Archdiocese of Detroit for their roles as Pastor and Principal. Both the Pastor and Principal are members of the Board of Directors of the filing organization by reason of their positions, or ex-officio. Neither the Pastor nor the Principal are compensated in any fashion by the filing organization.”

“Form 990, Part VI, Section A, Line 7a - Form 990, Part VI, Section A, Line 7a - The organization is controlled by the Divine Child Alumni Association by reason of that organization's governing power to appoint and remove the at-large directors of the organization, other than the Pastor and Principal who serve automatically ex officio. The Divine Child Alumni Association also directs the organization how to distribute its endowment fund earnings and principal to or for the benefit of Divine Child High School and in such amounts and for such programs as it deems necessary to support the school based on information provided by the Pastor and Principal about what those needs are.”

“Form 990, Part VI, Section A, Line 7b - Form 990, Part VI, Section A, Line 7b - See the response to Form 990, Part VI, Section A, Line 7a.”

“The organization has not yet established a formal process by which the governing body reviews the Form 990 as a group prior to its filing. A draft of the Form is circulated to the members of the board of directors for their observation and comments prior to being filed. In addition, the Form 990 is prepared by an experienced CPA who is also a member of the board of directors of the organization. Despite the lack of a formal process/policy, as noted, the Form 990 is shared with the governing body by the prepar.er prior to its filing with the IRS.”

“The organization monitors the conflicts of interest policy by discussing any potential conflicts of interest that might arise involving board members during meetings when new financial investment opportunities arise or spending needs are presented. These discussions involve whether any decisions being made by the board of directors could pose a conflict of interest for any board member or interested person. Board members are required to disclose any potential conflicts of interest during the meeting and recuse themselves from the meeting and its discussion, other than to answer any questions that might be asked by the remaining independent board members. There have been no conflicts of interest reportable or required to be disclosed under this policy.”

“The organization does not make these documents or policies available at this time for public display and there is no requirement to do so. There are no perceived needs to have them so available.”