Sistema Infantil Teleton USA

“The board of trustees has delegated the review of the form 990 to the finance manager and treasurer. The organization's treasurer works closely with the finance manager who is directly responsible for the prepartion process of the form with the outside accounting firm. Following the finance manager's review and discussion with the accounting firm, the finance manager forwards the form to the treasurer for review. The treasurer reports back to the board regarding the oversight of the form 990 and the final draft is provided to the entire voting board before the return is filed.”

“The board of trustees is charged with monitoring proposed for conflicts of interest and addressing any potential or actual conflicts pursuant to the conflicts of interest policy, an annual conflict of interest questionnaire, aimed at determining any family and business relationships and transactions or other transactions that may pose a potential conflict is distributed to all covered persons (i.e., board members, officers and executive leadership or key employees, if any). Covered persons are required to disclose actual or potential conflicts at the time when such conflicts arise when someone becomes a covered person and annually thereafter, each covered person is required to sign a statement affiriming that he/she (1) has received a copy of the conflict of interest policy, (2) has read the policy, and (3)agrees to comply with all the requirements of the policy, including completing the conflicts of interest which includes but is not limited to: (1) the conflicting interest is fully disclosed to the board; (2) the interested person responds to factual questions related to the substance of the transaction or arrangement being considered, after which he/she shall leave the meeting; (3) the person with the conflict is excluded from the discussion and approval of such transaction; 4) alternatives to the proposed transaction are investigated, competive bids or comparable valuations are obtained, (5) any conflicting issues during the course of a board meeting which cannot be resolved are referred to the governance committee, and (6) the transaction or action must be approved by majority of disinterested persons.”

“A budget is set up by the board of trustees for the various positions of the crit, including officers. The recruiting firm assisting with hiring reviews the previously board approved budget, recommends compensation adjustments, and the revised payroll budget is taken back to the board for a second approval.”

“While federal tax laws do not mandate that the organization's governing documents, conflict of interest policy and financial statements be made available to the public for inspection, the organization makes them available upon request.”

“Payroll services: program service expenses 11,906. Management and general expenses 1,773. Fundraising expenses 253. Total expenses 13,932. Billing services: program service expenses 4,182. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,182. Fees and subscriptions: program service expenses 5,152. Management and general expenses 767. Fundraising expenses 110. Total expenses 6,029. Recruiting costs: program service expenses 142,116. Management and general expenses 21,166. Fundraising expenses 3,024. Total expenses 166,306. Other: program service expenses 0. Management and general expenses 49,653. Fundraising expenses 0. Total expenses 49,653.”