St Elizabeth Seton Children'S

“William and brian harrington have a family relationship.”

“The sole member of the foundation is sisters of charity ministry network, inc.”

“The sole member, sisters of charity ministry network, inc. Reserves the right to elect board of directors.”

“In addition to its other powers and responsibilities established by law, by the certificate of incorporation of the foundation and by these bylaws, the member shall have the following reserved powers: (a)any change in the general character of the foundation; (b)election of the board of directors; (c)removal of any director with or without cause; (d)amendment of the certificate of incorporation of the foundation, or amendment or repeal of these bylaws; (e)adoption, amendment or repeal of any plan of dissolution, merger or consolidation; (f)approval of the purchase, sale, mortgage or lease of the foundation's real property; and (g)approval of a sale of all or substantially all of the foundation's assets.”

“The board of directors have assigned the responsibility to review and approve the form 990 to the audit committee. The audit committee is comprised of four independent directors, one of which is deemed to be the financial expert and others who are knowledgeable in financial and compliance matters. A draft form 990 is prepared by an outside accounting firm. The audit committee received an electronic draft of the form 990 prior to a scheduled meeting item. The audit committee members' questions relating to the form 990 contents are discussed with financial management and any audit committee member questions must be resolved prior to the audit committee approval for the form 990 to be filed. An electronic copy of the approved final form 990 is provided to the board/governing body prior to it being submitted to the irs.”

“Directors, officers, and employees of the corporation shall not use their positions or knowledge gained therefrom, nor shall they engage in any activities, including, but not limited to, investments or other employment which involve interests in conflict with those of the foundation. A person has a "financial interest" if the person has, directly or indirectly, an ownership interest in an entity with which the foundation has a transaction or arrangement, a compensation arrangement with the foundation or with an entity with which the foundation has a transaction or arrangement, or a potential ownership interest or compensation arrangement with an entity with which the foundation is contemplating a business transaction. Financial interests include arrangements involving immediate family members of a director, officer, or employee of the foundation. Compensation includes indirect remuneration and gifts of a substantial nature. Investments in publicly traded corporations need not be disclosed, so long as the director, officer or employee owns 5% or less of the stock or equity of the corporation or other entity that is contemplating a business transaction with the foundation. In situations where the foundation is contemplating a financial arrangement or transaction with any outside entity, directors and officers must disclose any "financial interest" they have with that entity. Employees in a position to influence the business decisions, transactions, or the affairs of the foundation must also disclose such "financial interests." directors, officers, and employees who are unsure about the need to disclose a particular arrangement should err on the side of disclosure. A director, officer or employee who has or learns about a potential conflict of interest should disclose promptly to the board of directors of the foundation the material facts surrounding any actual or potential conflict of interest, including specific information concerning the terms of any contract or transaction with the foundation. Directors, officers, and employees shall disclose any such contract or transaction and approval by the board shall be obtained in accordance with the procedures in the foundation's conflicts of interest policy before the foundation enters into the arrangement. When a potential or actual financial interest has been disclosed, the board shall evaluate whether the terms of the contract, transaction or arrangement are fair and reasonable to the foundation and consistent with the best interests of the foundation. Fairness includes, but is not limited to, the concepts that the foundation should pay no more than fair market value for any goods or services which the foundation receives, the foundation should receive fair market value consideration for any goods or services that it furnishes others and the foundation would not reasonably be expected to obtain a more advantageous transaction with another entity. The board shall set forth the basis for its decision with respect to approval of contracts or transactions involving conflicts of interest in the minutes of the meeting at which the decision is made, including the basis for determining that the consideration to be paid is fair to the foundation. If, based on the above evaluation, the board determines by a majority vote of disinterested directors that the contract, transaction or arrangement is for the foundation's own benefit, is fair and reasonable to the foundation, and consistent with the best interests of the foundation, the board may approve the proposed transaction or arrangement. The director or officer with the potential or actual financial interest shall not be present during the discussion of the issue or the vote. Interested directors may be counted in determining the presence of a quorum at a meeting of the board of directors or committee which authorizes such contract or transaction. In order to protect the foundation's interests, the board will take appropriate disciplinary”

“The foundation makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similar types of websites. In addition, the financial statements, articles of incorporation, form 990, conflict of interest policy, and by-laws are also available upon written request or by calling the organization directly.”

“The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant.”