Believe in Tomorrow National Childrens Foundation Inc.

“The form 990 was reviewed by the ceo and treasurer and an electronic copy was provided to the board.”

“The conflict of interest policy applies to board members, staff and certain volunteers (interested parties). An interested party is under a continuing obligation to disclose any actual or potential conflict of interest as soon as it is known or reasonably should be known. An interested party shall complete a questionnaire to fully and completely disclose the material facts about any actual or potential conflicts of interests. The disclosure statement shall be completed upon his/her association with the organization and shall be updated annually thereafter. An additional disclosure statement shall be filed at such time as an actual or potential conflict arises. Whenever there is a reason to believe that an actual or potential conflict of interest exists between the organization and an interested party, the board of directors shall determine the appropriate organizational response. If there is an actual or potential conflict the following procedures apply: -an interested party who has an actual or potential conflict of interest shall not participate in any way in, or be present during, the deliberations and decision making of the organization with respect to such action or transaction. The interested party may, upon request, be available to answer questions or provide material factual information about the proposed action or transaction. -the disinterested members of the board of directors may approve the proposed action or transaction upon finding that it is in the best interests of the corporation. The board shall consider whether the terms of the proposed transaction are fair and reasonable to the organization and whether it would be possible, with reasonable effort, to find a more advantageous arrangement with an entity that is not an interested party. -approval by the disinterested members of the board of directors shall be by vote of a majority of directors in attendance at a meeting at which a quorum is present. An interested party shall not be counted for purposes of determining whether a quorum is present, or for the purposes of determining what constitutes a majority vote of directors in attendance. -the minutes of the meeting shall reflect that the conflict disclosure was made, the vote taken and, where applicable, the abstention from voting and participation by the interested party.”

“The compensation of the executive director and other key employees is reviewed annually by the executive committee. The committee utilizes information from numerous sources, including trade industry salary surveys, obtaining data from like organizations' form 990 and other internal and external sources to establish compensation ranges. The board then reviews the ranges and establishes the compensation for the exective director and key employees, based on the compensation ranges, performance of the individual and the state of the organization.”

“Governing documents, conflict of interest policy, and financial statements are available by request.”

“All employees for both believe in tomorrow national children's foundation and the children's house at johns hopkins hospital, inc., related charitable entities, are paid by believe in tomorrow national children's foundation. Accounting entries are made between the organizations to correctly reflect and transfer monies as necessary for the compensation related to services performed on behalf of the children's house at johns hopkins hospital, inc.”

“Transfer of net assets from affiliated organization 235,000.”

“This process has not changed from prior year.”

“Volunteers serve an essential role in believe in tomorrow delivery of services. Most volunteers work directly in one or more of believe in tomorrow's seven hospital and respite facilities.”