Children'S Miracle Network of Greater St Louis

“The organization currently has two members, st. Louis children's hospital foundation and ssm cardinal glennon children's foundation.”

“Each member has the right to appoint two representatives to the board of directors. The members also have the right to veto any proposed board member the nominating committee presents to the members at least 30 days prior to appointment.”

“The members have the power to approve amendments to the articles of incorporation, approve amendments to the bylaws and approve the annual budget of the organization.”

“The finance committee reviews the form 990 prior to filing. Upon approval by the finance committee, the form 990 is then reviewed by the board before filing.”

“All members of the board are screened prior to election to the board in order to disclose any conflicts of interest. Board members must disclose any business conducted with the organization and recuse themselves of any vote in which a conflict arises as a result.”

“The board of directors approves the compensation and uses an independent company to do an executive compensation study for the executive director position.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“The organization makes its form 1023 application for recognition of exemption available upon request.”

“The two members, cardinal glennon children's foundation and st. Louis children's hospital foundation, each appoint two directors who have full voting rights. Subject to the approval by these directors, the remaining directors, not appointed by the members, may develop and recommend the annual budget of the organization. Therefore, the directors not appointed by the members have limited voting rights when compared to the directors appointed by the members.”

“The process has not changed from prior years.”