Tlc Charities Foundation Inc

“Tlc charities foundation does not employ staff directly. The organization receives services of the chief executive officer, chief financial officer, chief development officer, and other employees of kidstlc, inc. And is charged for these resources via an intercompany transaction. Kidstlc, inc. Determines the compensation for the ceo and other officers and key employees of the organization as follows: a. The executive committee of the board of directors of kidstlc, inc. Is provided with comparable salary data from both national and regional resources, pertaining to the positions of chief executive officer, chief financial officer, and chief development officer. B. The executive committee determines the compensation package for each position for the upcoming fiscal year. C. For the position of chief executive officer (ceo), the committee drafts an employment contract, which is presented to the ceo. The agreement becomes effective with the signing of the contract by the board chair and the ceo.”

“TOM MERTZ, GARY CHURCH, MARY LYNN THOMAS, ERIN DUGAN, AND ROJANAE WILLIAMS - Business relationship”

“Tlc charities foundation has an agreement with kidstlc, inc. For management duties and other services. Tlc charities foundation, inc. Does not have any employees. The chief executive officer, the chief financial officer, and the chief development officer of kidstlc, inc. Are trustees of tlc charities foundation, inc. They provide oversight to these services.”

“During the year the bylaws were updated to change the board of trustees from 7 to 9 members.”

“Kidstlc, inc. Has the power to elect five of the board members of tlc charities foundation, inc.”

“The process for reviewing this irs form 990 by the board of trustees included: a) kidstlc's chief executive officer and chief financial officer, both trustees of the foundation, review and approve a draft of the irs form 990. B) each trustee receives a copy of the approved draft irs form 990 along with a document, guidance for board review of form 990, provided by the organization's cpa firm, which directs them to significant reported data for their evaluation. C) trustees respond with their questions and comments, which are considered and responded to prior to the final completion of the irs form 990. D) upon completion, the return is signed and submitted by the chief financial officer.”

“Tlc charities foundation, inc. Monitors and enforces compliance with the policy that officers and trustees disclose annually interests that could give rise to conflicts in the following manner: a) the foundation requires that disclosures must be submitted to the foundation's officers on an annual basis by january 1 of each year. Trustees are also requested to revise such conflict-of-interest disclosure documents as possible conflicts develop during the interim period between disclosure dates. B) according to the policy, failure to disclose actual or potential conflicts of interest are addressed individually with the covered persons. After allegations of failure to disclose are responded to, and further investigation conducted, appropriate disciplinary and/or corrective action is taken.”

“The organization makes its governing documents, conflict-of-interest policy, and financial statements available to the public upon request.”

“Exempt employees prepare a monthly time certification report showing which programs benefited from their efforts. This is an average for the year for the employees based on their time samplings.”

“Transfer to Affiliate - -132127; Total - -132127;”