Childhaven Inc

“The board of directors reviews the 990 during the board meeting held after receipt of the 990 from the tax preparer, however, the review does not always occur before the 990 is filed.”

“Board members and senior staff annually disclose and promptly update any disclosures previously made on an annual conflict disclosure questionnaire form. Conflicts should also be disclosed as they arise or are evolving, so that a determination may be made as to the appropriate plan of action to manage the conflict. Conflicts disclosed include interests that could give rise to conflicts of interest, such as family members, substantial business or investment holdings, and other transactions or affiliations with businesses and other organizations or those of family members as well as other nonprofit organizations. For each conflict disclosed, the full board, the executive director or the chairperson of the board will determine the course of action to be taken in regards to the conflict. Conflicts and the outcome of conflicts disclosed will be documented in the minutes of the board meetings if the conflict relates to a board member, and reported to the executive director and to the chairperson of the board if the conflict relates to a staff member.”

“The board utilizes data provided by surveys of the alabama association of child care agencies, the national christian child and family services association, and other national organizations such as the child welfare league of america to determine the pay of the executive director.”

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

“There has been no change in the review process of the audit and financial statements from the prior year.”

“Change in net assets is due to the transfer of $5,000 from childhaven, inc. To childhaven foundation, inc. To earn more investment income on the restricted net asset.”