Ronald Mcdonald House Charities of the Carolinas Inc.

“The corporation shall have an executive committee, which shall consist of (i) the chairman, the past chairman, the chairman elect, the vice chairman(s), the treasurer and the secretary, and (ii) one to three other members of the board of directors who shall serve as at large members (the "at large members"). The at large members shall be nominated by the chairman and elected by the board of directors annually at the regular november meeting of the board of directors. Vacancies for at large members may be filled in the same manner as officers pursuant to section 2 of article iii. Each member of the executive committee shall serve for term of one year, or until his successor shall have been duly elected and shall have qualified, or until his death, or until he shall resign or shall have been removed in the manner provided for the removal of officers in article iii, section 3. A person may serve as an at large member for consecutive terms without limitation. (b) the purpose of the executive committee is to: (i) act as a smaller, more efficient body than the full of board of directors in managing the operations and affairs of the corporation; and (ii) act on behalf of the board of directors in a situation where the timing of a decision is of utmost importance, including acting in an emergency when it is impracticable for the board to do so. Except as may be proscribed by the articles of incorporation, these bylaws, resolutions and directives of the board, or applicable law, the executive committee shall have all the powers and authority of the board of directors. The foregoing notwithstanding, the executive committee shall be subject to the control and direction of the full board of directors. (c) without limiting the authority delegated to the executive committee in subsection (b) above, the executive committee may: (i) approve any single expenditure of $25,000 or less; (ii) handle all employment matters relating to the employees of the corporation, other than the chief executive officer; provided however, all compensation and benefit items must be within budgeted parameters; and provided further that the chief executive officer shall have the direct and primary responsibility for managing the other employees of the corporation and evaluating their performance, subject to the authority of the executive committee and the guidance of any board personnel committee; and (iii) handle all employment matters with respect to the chief executive officer, except his or her hiring or termination or any substantial change in the terms of his or her engagement; provided, however, the executive committee (with the assistance of any board personnel committee), shall no less than annually evaluate the performance of the chief executive officer, and shall report such evaluation to the full board of directors, which shall approve the chief executive officer's compensation. (d) the chairman shall serve as chairman of the executive committee.”

“The form 990 was prepared by an independent accounting firm. The financial committee reviewed the return and then full copies were made available to the entire board. The form 990 is also submitted to ronald mcdonald house national accounting office.”

“Salaries are compared to those of other ronald mcdonald houses around the country and are subject to board approval.”

“The organization's form 990 is available upon request. Additionally, recent filings of the form 990 are available on guidestar.org.”

“The organization's governing documents and financial statements are available upon request.”

“Due to the nature of the organization and its reliance on contributions, the organization requires a management team and fundraising costs in order to raise funds necessary to accomplish the organization's exempt purpose. Because of the necessity of these types of expenditures the program service percentage is skewed lower than organizations without these necessary costs. Two campaigns specific to our mission have gross revenues of approximately $294,000, but have approximately $96,000 in expenses that are recorded in the fundraising expenses on page 10 part ix. If these expenses were included in program expenses and netted against the revenues, the percentage of donations specifically used for program expenses would be approximately 85%.”

“Outside services: program service expenses 18,708. Management and general expenses 3,969. Fundraising expenses 34,016. Total expenses 56,693. Professional fees: program service expenses 9,586. Management and general expenses 2,034. Fundraising expenses 17,430. Total expenses 29,050.”

“The process has not changed from the prior year.”