Iron Range School

“Kidspeace corporation (kpc) is the sole member of kidspeace foundation, inc.”

“As the sole member, kpc has the power to select the board of directors and remove any directors at any time.”

“Any by-law amendments must be approved by the board of directors of the sole member, kpc.”

“The form 990 was reviewed in detail by management of kidspeace. The board of directors elected to delegate the review of the form 990 to the finance committee, which contains 7 members of the board of directors. Copies of the form 990 along with all of the schedules are sent to the finance committee prior to filing. Additionally, the form 990 is made available to all board members prior to filing.”

“Members of the board of directors and the senior leadership team are required to sign an annual conflict of interest statement. After completion by the member, the form is sent to the vice president of compliance for review. Depending on the findings of the vice president, the potential conflict may be taken to the compliance committee for review and final decision.”

“The executive committee of the kpc board of directors consists of independent directors, and has responsibility to review and give approval of the compensation for the ceo and other top management positions. Periodically the committee engages an outside compensation consultant to conduct an independent analysis of base compensation and total cash compensation for the key management positions. This analysis may include a competitive market assessment for each position compared to organizations of similar size in healthcare and other not-for-profit sectors to ensure compensation does not exceed fair market value. Nationally published surveys and form 990's from other not-for-profits organizations may be included in the study. The review and approval of compensation is documented in the minutes of the executive committee meetings.”

“The form 990 is available to the public upon request. Other organizational documents are available to the public upon written request demonstrating a sufficient business purpose.”

“Kidspeace foundation , inc. Is an affiliate in a group of which kidspeace corporation (kpc) is considered a common pay agent for vendors. Kpc files all 1099s under its ein - 23-1353394.”

“Transfer to affiliates -154,461.”