Helen'S Hope Chest

“The audit committee reviews the drafts of the audited financial statements and form 990 submitted from the independent accounting firm. Based on their review, the audit committee recommends acceptance or rejection of the form 990 to the executive committee. A motion to accept or reject the form 990 is put to the general board along with the audit committee's recommendations and a copy of the draft form 990.”

“All transaction and vendor negotiations are conducted at arms length. 3 competing bids are required for any potential expenditure over $3,000. Board members that are related parties to any transaction are not allowed to vote on that transaction.”

“Helen's hope chest does not have any employees but uses the employees of its parent organization, mesa united way. The following procedures are used by mesa united way. Board of directors forms a search committee made up of board members and non-members. The search committee reviews demographic data for compensation levels of ceo's in similar sized organizations. The search committee recommends a compensation level to the executive committes, who then approves and submits to the entire board for a vote. Ceo reviews demographic date for compensation levels for similar positions in similarly sized organizations. Board members may be consulted, but board approval is not required.”

“Audited financials and form 990 are posted on the website. Key financial data published in annual report available to the public. Conflict of interest policy and list of board of directors is also published on the organization's website.”

“Helen's hope chest, formerly a program of mesa united way, is now a fully controlled subsidiary organization of mesa united way that files a separate form 990.”

“Beginning net assets transferred to new subsidiary 198,968.”

“The organization has not changed either its oversight process or selection process during the tax year.”