Ronald Mcdonald House Charities of Columbia Sc

“Ronald mcdonald house charities of columbia, sc executive director and treasurer obtains and reviews the annual audit as well as form 990 and its related schedules. All of the board members receive the annual audit and have access to the form 990 through their board packages.”

“The purpose of the conflicts of interest policy is to avoid a conflict, or the appearance of conflict, between the interests of ronald mcdonald house charities, inc. ("rmhc") and the private interests of any officer, trustee or other interested person associated with rmhc, as defined below. This policy supplements (but cannot replace) any applicable laws governing conflicts of interest applicable to nonprofit corporations. The procedures set forth in this policy shall be used for all actual or potential conflicts of interest transactions that rmhc proposes to undertake, including, but not limited to, any compensation arrangement between rmhc and an interested person. 1. Duty to disclose . In connection with any actual or possible conflicts of interest, an interested person must disclose the existence of his or her financial interest in the proposed transaction and all material facts to the trustees and/or members of committees with boarddelegated powers considering the proposed transaction or arrangement in advance of rmhc engaging in the proposed transaction or arrangement. Procedures for addressing the conflict of interest . (a) any interested person shall not vote on, or use his or her personal influence (either at or outside the meeting) in connection with, the resolution of an issue or matter regarding a proposed transaction or arrangement between rmhc and the interested person or an entity with which the interested person has a financial interest. When any such issue or matter comes under consideration by the board of trustees or one of its committees, the interested person shall promptly disclose to the board or the committee the existence of any such financial interest. Following any such disclosure, the person making the disclosure may answer questions of fact from other trustees when the person's knowledge of the facts may assist the board or its committee in reaching a decision. (b) the trustees or committee must carefully consider whether obtaining appropriate comparability data and/or a reasoned opinion is necessary in order to evaluate the fairness and reasonableness of the proposed transaction or arrangement in question. (c) if a more advantageous transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the board or committee shall determine by a majority vote of the disinterested trustees whether the transaction or arrangement involving the interested person or the entity with which the interested person has a financial interest is in rmhc's best interest and fair and reasonable to rmhc. The transaction may not be authorized, approved or ratified by a single disinterested trustee. (d) unless requested to do so by the chairperson, the interested person need not leave the meeting during the discussion of, and vote on, the matter under consideration, but, except as provided in subparagraph (a) above, shall not participate in the discussions. 3. Violations of the conflicts of interest policy . (a) if the trustees or committee has reasonable cause to believe that an interested person has failed to disclose actual or possible conflicts of interest, it shall inform such person of the basis for such belief and afford the interested person an opportunity to explain the alleged failure to disclose. (b) if, after hearing the response of the member and making such further investigation as may be warranted under the circumstances, the board or committee determines that the member has in fact failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action. The minutes of the board and all committees with board-delegated powers shall contain the names of the persons who disclosed or otherwise were found to be interested persons in connection with an actual or possible conflict of interest, the nature of the interest, any action taken to determine whether a conflict of interest was present, and the”

“Compensation of the executive director is reviewed by the executive committee annually.”

“Ronald mcdonald house charities of columbia, sc makes it governing policy, conflict of interest policy and form 990 as well as its audited financial statemetns available to the public upon written request.”

“Temporary changes to programs: due to covid-19, the rmh and rmfr were closed from april 2020 until march 2021. From june 2020, the rmfr was used to stock items for the "pack a smile" program in which items are given out by child life hospital staff to children and their families. The organization deems this program change to be temporary and the rmh and rmfr were reopened during 2021.”

“There have been no changes to the oversight or selection process from the prior year.”

“During 2016, the organization completed construction of a new ronald mcdonald house in columbia, sc, and received a long-term land lease with the adjoining hospital at zero stated cost. The new facility is approximately 16,000 square feet with 16 bedrooms, provides a comfortable environment where families can rest, enjoy home-cooked meals, relax in the spacious living areas, access laundry facilities, and, most importantly, receive a network of support among other families struggling with similar worries and fears. The land lease contract is for thirty (30) years and the market value of the land approximated $980,000 at the time of contract signing. The rmhc of south carolina has recognized the present value of the land-lease contract at $636,537, which is being amortized to expenses over 30 years. At december 31, 2020, the unamortized balance equaled $544,592.”