1199Seiugreater New York Child Care Fund

“All of the union trustees are also employees of 1199seiu (the union) and therefore have a business relationship with each other.”

“The union trustees are appointed by 1199 seiu united healthcare workers east, and the employer trustees are appointed by the greater new york health care facilities association, inc.”

“The chief financial officer and finance team reviews the draft form 990 and confer with the accountants and legal counsel to ensure the accuracy of the return. Any concerns are noted and addressed and management ensures that the changes are incorporated in the form 990. The completed form 990 is then signed by the executive director.”

“Trustees and employees are required to annually disclose or update to the executive director, or designee, their interests that could give rise to conflicts of interests. For each interest disclosed by a trustee, the executive director or designee will determine whether to (a) take no action (b) assure full disclosure to the trustees (c) ask the trustee to be recused from participation in related discussions or decisions; and/or (d) ask the trustee to resign. Regarding employees, completed conflicts of interest disclosure forms will be reviewed by the human resources department and disclosed conflicts will be reviewed by human resources management.”

“Compensation for all directors, officers and key employees of the fund is determined by the cross funds compensation committee (the "committee"), comprised of independent members. The committee utilizes appropriate data as to comparability in its determinations, including information provided by independent compensation consultants. The committee documents the basis for any compensation determinations contemporaneously in the minutes of the committee. The committee determines compensation periodically as it deems appropriate.”

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

“The fund's audit committe assumes responsibility for the oversight of the audit and selection of the independent accountant. The process has not changed from the prior year.”