Missouri Child Care Resource And

“The form 990 is reviewed by management and provided to the board or financial audit and oversight committtee prior to a meeting. At a board meeting, the form 990 is discussed and approved. Once the board meeting is complete, the form 990 is filed and shared with outside organizations.”

“The organization requires all staff and board members to sign conflict of interest statements annually. The policy also states that any new actual or potential conflicts of interest be disclosed at the time the event occurs.”

“The ceo's salary is based on the salary bands that were re-evaluated with a compensation study specific to executive and "extraordinary" employees that began in 2021, and a new compensation structure became effective in january 2022. Salary is determined by the executive committee, who then forwards it to the board for a full vote. Any increase in salary is also determined by the board after an annual performance appraisal is given to the ceo by the executive committee, based on survey input from all board members. The performance appraisal process typically occurs in july/august of each year. The ceo's salary is currently still less than the midpoint of the revised pay grade range. The ceo submits a goal plan and documents accomplishments for the board to review on a regular basis. Based on the accomplishments and metrics of these goals, the ceo may receive a bonus for excelled work performance. This discretionary bonus is discussed and voted on by the board. The ceo sets compensation levels for all staff including senior management. Salaries are set within a band. Salary bands were re-evaluated with a compensation study that began in 2021, and a new compensation structure became effective in january 2022. The board approves a full organizational budget each year before the beginning of the new fiscal year, which is inclusive of salary, cost of living adjustments, and work performance bonuses planned at that time.”

“Additionally, child care aware of missouri guides interested parties to candid/guidestar for a copy of our 990.”

“Documents and policies are available for public inspection via in-person, email, or phone requests.”

“Other contracted labor and professional fees: program service expenses 483,786. Management and general expenses 56,480. Fundraising expenses 0. Total expenses 540,266.”