Kendal on Hudson Charitable Fund

“Kohud contracted with leaderstat, a contracting consulting firm, in fiscal year 2019 for interim ceo services. As a part of the services to kohud, leaderstat also provided interim ceo services to khcf. In fiscal year 2019, kohud paid leaderstat $164,432 for services performed for both kohud and khcf.”

“Kendal on hudson (kohud), a related 501(c)(3) public charity, is the sole member of kendal on hudson charitable fund (khcf).”

“Khcf must seek and obtain the approval of kohud, to select new members of the board of directors.”

“Khcf must seek and obtain the approval of kohud, on the following governance matters: (1) dissolution, merger or consolidation with another entity division or acquiring control of another entity; and, (2) amendments to the certificate of incorporation or to certain provisions of the bylaws.”

“The form 990 was prepared by an independent accounting firm in conjunction with the organization's financial department. A copy of the draft form 990 was circulated to the full board of directors for discussion and comment. Each board member was provided opportunity to comment on the information contained in the form 990 prior to its filing with the internal revenue service.”

“Each officer, director, and committee member is required to disclose any potential conflicts of interest that arise to the board of directors. Khcf monitors compliance with its conflict of interest policy through a duty to disclose as stated in the policy as well as a formal annual questionnaire/disclosure statement that is distributed to these individuals. Potential conflicts are investigated immediately. The members of the board without a potential conflict make the determination as to whether a potential conflict is an actual conflict. The person with the potential conflict, or if determined an actual conflict, is recused from any discussion and vote related to the conflicted matter. Form 990, part vi, section b, line 13: a whistleblower policy is not required as the organization does not have any employees. The organization that provides administrative services has a whistleblower policy.”

“There are no compensated officers, directors or key employees, as such there is no formal policy related to compensation review at this time.”

“The financial statements, governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion.”