American Federation for Children Growth Fund Inc

“Expenditure authorization policy adopted: expenditures $25,000 and less may be approved by ceo and coo, with limit of 8 times per year; expenditures between $25,001 and $250,000 may be approved by board chairman and vice-chairman of the organization, limited to four times between board meetings; expenditures exceeding $250,000 must be approved by the board of directors.”

“The chief financial officer works closely with the independent auditor and tax advisors in preparing and providing schedules and documentation to complete the form 990. Once completed the final drafts are reviewed by ceo, coo, and internal legal counsel for approval. If edits need to be made, the cfo will work with tax advisor before finalizing. Once finalized and approved the draft returns are provided to the board of directors and filed.”

“The board of directors and officers sign annual conflict of interest agreements, whereby they must disclose financial interest that may create, or may appear to create, conflicts of interest. If at any time a board member or officer becomes aware of a transaction that may pose a conflict of interest, that member is required to disclose in writing to the board in advance of discussion or action the nature and extent of a financial interest that may create a conflict of interest. In such circumstances, the affected director shall not participate in the deliberations or voting by the board as to the matter at issue.”

“Governing documents, conflicts of interest and financial statements are made available to the public upon request.”

“American federation for children growth fund, inc. Does not report compensation information on the annual form 990 because the organization does not have employees as defined under irs statute. Our related organization, american federation for children, inc., employs staff, who then record time spent on 501c3 related activities per a weekly time allocation schedule. The growth fund then reimburses the related organization based on actual time spent on these activities.”

“State contracts: program service expenses 380,686. Management and general expenses 0. Fundraising expenses 0. Total expenses 380,686. Project consulting: program service expenses 927,663. Management and general expenses 0. Fundraising expenses 0. Total expenses 927,663. Contract services: program service expenses 92,674. Management and general expenses 133,640. Fundraising expenses 9,790. Total expenses 236,104. Other fees: program service expenses 0. Management and general expenses 2,275. Fundraising expenses 2,057. Total expenses 4,332.”