Sunshine Acres Childrens Home

“Certain officers are decendents of the orginal founder of sach, and are related to the current president of sach, who is the daughter of the original founder. Those officers include the president's daughter, jacque burm, and her grandson, kevin humphrey.”

“Kevin humphrey/jacque burm related family members”

“The organization has ten memberships held by five individuals. Memberships may be transferred to any individual or legal entity that has been previously approved to own memberships by individuals or entities owning six or more memberships. All living issues of the founders are irrevocable approved for ownership of one or more memberships. Members do not have voting rights, but do vote to approve board directors participation for the governing body.”

“The corporation is managed and controlled by the board of directors consisting of between 3 and 10 directors who are elected annually by the members. Vacancies may be filled by the remaining directors or by members.”

“The 990 is prepared by the auditors with assistance from management. The return is reviewed by the president before it is filed.”

“The organization reviews the annual disclosure forms submitted by members. If there are any possible conflicts, the organization follows the procedures set out in its conflict of interest policy.”

“It is the organization's policy to fully comply with federal and arizona public disclosure requirements with respect to irs forms 990 and 1023. Our organization will fulfill reasonable requests for forms made in writing or in person.”

“Manage organization's investment portfolio to provide financial support to sunshine acres children's home, inc. Whose purpose is to promote the welfare of children facing circumstances threatening their physical or mental health or safety.”

“Preservation of investments and annual distribtuions the foundation has adopted a policy to preserve the principal of certain investments to provide long-term financial support to sach. The policy adopted for annual distributions to sunshine acres children's home allows up to a 3.5% annual payout to sach utilizing a trailing 12 quarter average of the portfolio value.”

“Consolidated financial statements the audited financial statements of sunshine acres children's home, inc. ("sach") have been consolidated for the year ended june 30, 2024 and include the accounts of sunshine acres children's home charitable foundation, inc.("foundation") and sunshine acres boutique and donation center, inc. ("sadc") since sach has both an economic and controlling interest in the foundation and sadc. Separate informational tax returns (form 990) are prepared and filed for each company.”