Four Oaks Family and Children'S

“The outside tax preparer reviews the form 990 with the ceo/president, cfo, and administrative services (finance) committee in draft form. All questions and concerns are addressed to full satisfaction before becoming final. The final form 990 is provided to the full board prior to filing with the irs.”

“The organization requires all officers, directors, and employees to sign a conflict of interest statement annually as well as report any duality of interest as soon as the interest occurs. When hiring independent contractors for major projects, the organization sends requests for proposal ("rfps"). For major recurring service contracts, rfps are done every 3-5 years or market rates are reviewed by management to ensure that the terms for renewing the contract are still at competitive market rates. Throughout the process, any interested board members and/or committee members must abstain from the discussion and the selection of a contractor. Where major conflicts exists, the board member will either resign as a board member or withdraw his/her firm from consideration for the contract. As an additional safeguard, management reviews vendor lists and board member lists annually.”

“Four oaks utilizes the executive committee for setting ceo/president compensation as well as obtains a market review and compensation comparison from an independent accounting firm every three years. The executive committee gives the ceo/president direction on setting compensation for the remaining executive officers and the ceo/president and committee jointly arrive at compensation figures for such other officers. An industry salary survey is also utilized by the committee in setting compensation. Four oaks retains documentation with regard to criteria used to arrive at compensation for officers.”

“The organization's governing documents, conflict of interest policy, and financial information are available upon request. In addition, the organization makes its annual report, including its financial information, available on its website.”

“The number of volunteers is tracked in a database and a paper file that contains each volunteer's background check and volunteer application.”

“Four oaks offers other programs that include after school and summer activities, classrooms that help school districts with student behavioral issues, and emergency shelters. Four oaks services children in iowa ranging in age from 5-17. We served over 3,500 kids and their families during the year.”

“Filing timing difference 905,111 ahni net assets -10,890,435 total -9,985,324 during the year ended june 30, 2024, it was determined that the predecessor preparer of the tax return incorrectly included a related party's net asset figure of 10,890,435. Per the form 990 instructions, the related party figures should not have been included in the return as it has it's own tax id number and the return was not marked as a group return. Additionally, due to the timing of the filing in comparison to the issued audited financial statements, there was a difference of 905,111 between the audited financial statements and the issued 990.”