Boles Children'S Home Inc

“Kevin mcdonald (director) and nathalie mcdonald (chief development officer) are husband and wife.”

“A preliminary draft of the form 990 was reviewed by the president, chairman of the board, and chairman of the audit committee. The remaining current board members received a copy for review prior to the filing of the completed form 990 and related schedules.”

“The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy.”

“The board of directors used an independent compensation consultant and comparable compensation from similar organizations to determine the salary of troy robertson, president. The salary arrangement was approved by the board of directors and documented in the minutes.”

“The organization makes its governing documents, conflict of interest policy, form 990, and audited financial statements available for public inspection at its office upon request.”

“Troy robertson is employed as president for arms of hope, medina children's home, boles children's home, and boles children's home realty corp. This broad organization encompasses two distinct campuses with outreach operations throughout the state of texas, including dallas and san antonio. In his role as president and ceo of these organizations, troy robertson split his time equally between medina children's home, boles children's home and arms of hope. However, all of his compensation is paid from arms of hope. Scott stumbo and nathalie mcdonald are employed as chief financial officer and chief development officer, respectively. These officers provide services for arms of hope, medina children's home, boles children's home, and boles children's home realty corp. The officers split their time equally between medina children's home, boles children's jome and arms of hope. However, all of their compensation is paid from arms of hope. Arms of hope's board oversees/directs the boards of medina children's home, boles children's home, and boles children's home realty corp.”

“Arms of hope (ein: 51-0416193), a related entity, paid the compensation for independent contractors of boles children's home, inc. And was reimbursed by boles children's home, inc. For the expense. As such, arms of hope filed the necessary 1099s under its name and ein, but the compensation is reported on this form 990.”

“Arms of hope (ein: 51-0416193), a related entity, paid the salaries of employees of boles children's home, inc. And was reimbursed by boles children's home, inc. For the expenses. As such, arms of hope filed the necessary w-2s and w-3 under its name and ein, but the salaries are reported on this form 990.”

“Change in value of split interest agreement -674. Transfers to arms of hope -26,400.”

“The organization did not make any changes to its oversight process or selection process during the year.”

“Arms of hope, a tax-exempt organization described in section 501(c)(3) of the internal revenue code, supports medina children's home, boles children's home, boles children's home realty corp, and arms of hope - the refuge campus in the form of providing governance and leadership through its relationship as the sole member of medina children's home, boles children's home, boles children's home realty corp, and arms of hope - the refuge campus. As sole member, arms of hope has governance powers over medina children's home, boles children's home, boles children's home realty corp, and arms of hope - the refuge campus. The separate exemption and legal existence of these entities results in a separate tax filing requirement. If the financials were presented on a consolidated basis, they would reflect the following balance sheet: cash and cash equivalents 1,492,966 other assets 551,217 investments, at fair value 39,374,463 property and equipment, net of accumulated depreciation 13,097,174 accounts payable 308,639 accrued expenses 278,073 charitable gift annuities 434,739 net assets without donor restrictions 52,300,118 net assets with donor restrictions 1,194,251”