Childhood Development Services Inc.

“A detail review of the final form 990 is conducted by the finance committee. A final copy of the form 990 is sent to all board members for review prior to filing.”

“Any possible conflict of interests on the part of any board member should be disclosed to the other board memers and made a matter of record, either through an annual procedure or when the interest becomes a matter of board action. A conflict of interest statement will be given to each new employee at employee orientation and will be updated annually. A copy of the signed conflict of interest statement will be filed in the employee's hr file.”

“Once every two years, the organization obtains data from a survey of the comparability of fair labor standards act-exempt position-holders in the labor market area. This survey data is obtained from comparable organizations with the appropriate same number of employees and revenue level in the local geographic area. This survey seeks to obtain salary data from comparable grantees. The results of this survey are used to periodically adjust the organization's salaries and are maintained on file.”

“SAME AS 15A”

“The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request.”

“As of july 1, 2016, the corporation will no longer receive funding from the u.s. Department of health and human services for the head start and early head start programs. As a result of the termination of these programs, the corporation has reduced its staff and retained only employees who are key to programs that the corporation will continue to operate. Although the termination will not be effective until july 1, which is the first day of the taxable year following the year reported by this return, the corporation has recorded and this return includes certain losses and other asset write-downs related to the termination of the program. Those are briefly summarized as two components. First, there is a 607,222 write down of a grant receivable related to the termination of the program. The other write down/loss of 553,952 consists the effects on certain tangible property. Those effects including (1) writing the net book value of certain personal property down to 0 since that property will be returned to the us department of health and human services hhs under the terms of the terminated grant and (2) recording certain liabilities due to hhs on certain real property to be retained by the corporation. The losses are reflected in this form 990 and required schedules.”

“State mandated training program provides opportunities for continuing education and certification of child care professionals.”

“Contracted child care 523,340 0 0 contracted child care 1,591,599 0 0 contracted child care 14,018 0 0 professional fees 5,710 80,712 0 professional fees 21,124 0 0 professional fees 23,993 0 0 professional fees 415 0 0 professional fees 114 0 0”

“Form 990, part ix, line 24 - other costs unrelated business income tax expense 2,494”

“Loss on disposal of assets 496 asset write down & liabilities due - terminated program -553,456 write down of grant receivable - terminated program -607,222 loss on disposal of assets -496 total -1,160,678 asset write down & liabilities due-terminated program the corporation owns property and equipment whose acquisition has been funded by various federal and state programs. The use, removal, or replacement of this property and equipment is controlled by the granting agency and title may revert to the agency in the event the activities of the program are prematurely terminated. The corporation, as custodian of the property and equipment, maintains the property and equipment as a temporarily restricted net asset where use is restricted for the programs for which it was acquired. The corporation will transfer 379,044 of head start and early head start fixed assets at net book value to the u.s. Department of health and human services and 174,413 of federal interest related to certain real estate improvements.”