Childrens Heartlink

“The organization has an executive committee consisting of all officers, the immediate past chairperson of the board, all standing committee chairpersons, the medical directors and such additional members of the board of directors are appointed to the executive committee by the board, the chairperson of the board serves as chairperson of the executive committee, the executive committee has all of the powers and authority of the board of directors in the management of the business and affairs of the organization, except the power to adopt, amend, or repeal the organization's articles of incorporation and bylaws, all actions of the executive committee are reported to and reviewed by the board of directors at the first board of directors meeting following the action taken.”

“The form 990 is prepared by an independent public accounting firm using information provided by the organization and their final audit report, once a draft of the return is ready, the president and treasurer review the draft. It is then made available to the entire board for review prior to filing.”

“The organization's conflict of interest policy covers all members of the board of directors and officers, upon becoming a board member, and at least annually thereafter, each director is required to complete a disclosure form to disclose relationships that could create potential conflicts of interest. The organization shall not enter into any contract or transaction with A) one or more members of the board of directors, B) a director of a related organization, or C) an organization in or of which a member of the board of directors is a director, officer or legal representative, or in some other way has a material financial interest, unless: 1. that interest is disclosed or known to the board of directors, 2. the board of directors approves, authorizes or ratifies the action in good faith, 3. the approval is by a majority of the members of the board of directors present (not counting the interested member), 4. the approval is granted at a meeting where a quorum is present (not counting the interested member). The interested member may be present at the meeting for discussion to answer questions, but may not advocate for the action to be taken and must leave the room while a vote is taken, the minutes of all actions taken on such matters shall clearly reflect that these requirements have been met.”

“The compensation for the president is reviewed and approved by the executive committee, the organization hired an outside compensation analyst to grade and review all positions at the organization in 2018. From the analysis, new salary increase guidelines were established and shared with the board of directors and supervisors, who were trained on the new compensation structure. The documentation of the deliberation and decision can be found in the executive committee meeting minutes. Annually, the outside compensation analyst provides an update to the salary ranges. Job descriptions are re-evaluated to the outside compensation analyst if job roles significantly change or a new role is created for the organization.”

“The organization produces an annual report which includes audited financial statements, the website also contains the form 990 and indicates that any other public information is available upon request. These reports are made available on charity navigator. In addition, the organization participates in a rigorous review by the charities review council of Minnesota, which requires well documented, written policies and transparency.”