Bethany First Steps

“There are no committee's with authority to act on behalf of the governing body.”

“The board of directors shall have the opportunity to review the irs form 990 each year before it is filed. Upon completion of the final draft of the form 990, a copy of the report will be sent via email to all board members prior to filing.”

“Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person has received a copy of the conflict of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. To ensure the organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic review includes determining whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining. It also includes review of partnerships, joint ventures, and arrangements with management organizations to make sure all arrangements conform to the organization's written policies, are properly recorded, reflect reasonable investments or payments for goods or services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction.”

“Compensation for the director of the daycare facility will be set based on information about compensation paid by similarly situated taxable or tax-exempt organizations which offer daycare services in the region. The salaries for the director will be set by the board of directors.”

“Bethany first steps makes its governing documents, conflict of interest policy, and financials statements available upon request.”