Kids First Chicago for Education

“Committees of the Governing Body The Board of Directors, by resolution adopted by a majority of the directors in office, may designate and appoint one or more committees each of which shall consist of two or more directors, which committees, to the extent provided in such resolution, shall have and exercise the authority of the Board of Directors in the management of the corporation. The designation and appointment of any such committee and the delegation thereto of authority shall not operate to relieve the Board of Directors, or any individual director, of any responsibility imposed by law.”

“Meeting Documentation The organization's governing body committees did not contemporaneously document the meetings held or written actions undertaken during the year.”

“Individual not available at organization's address Phyllis Lockett (1/1/13 - 3/31/14) LEAP Innovations at 1871 Merchandise Mart 222 W Merchandise Mart Plaza, Suite 1212 Chicago, IL 60654”

“Review of Form 990 The Form 990 was prepared by a national public accounting firm in conjunction with Management and staff of the Organization. A draft is then provided to Management. Management and the Treasurer review a draft version of the Form 990. Subsequent to their review, Management and the Treasurer, along with the organization's VP, Finance & Admin discuss the draft versions with the tax preparers including any questions or necessary revisions. Based on feedback from that meeting, the Form 990 is revised as necessary. The Board of Directors will receive a copy of the Form 990 prior to filing with the IRS.”

“Director Conflict of Interest policy No director or member of any committee shall derive any personal profit or gain, directly or indirectly, by reason of his or her membership on the Board of Directors or a committee. If a director or committee member is directly or indirectly a party to any transaction considered by the Board of Directors or a committee, the director or committee member shall disclose the material facts of the transaction and the director's interest or relationship prior to the approval or ratification of the transaction by the Board of Directors or committee, and shall not vote on the approval or ratification of the transaction.”

“Monitoring Conflict of Interest Transactions that involve a board member or officer are assessed to determine if a conflict of interest exists. The decisions regarding if a conflict exists is determined by the governing committees of the organization. If a conflict is identified (none identified to date), the member that it relates to is asked to abstain from the conversation and any related decisions made. Although the organization's conflict of interest policy does not require an annual completion of a conflict of interest statement, each officer, director, and key employee is required to disclose on a contemporaneous basis when a conflict arises.”

“Compensation Approval Compensation for the employees of the organization, including the Chief executive officer, is established annually by the Compensation Committee and approved by the Board of Directors. The Compensation Committee, in conjunction with an independent compensation consultant and management, reviews benchmark data for relevant peer groups, using information obtained from (a) Form 990's, (b) published compensation studies, and (c) other available market information. In addition, individual employee performance is considered. The Chief Executive Officer last received a raise in February 2013. New Schools for Chicago has no key employees. Compensation is contemporaneously documented by the compensation committee.”

“Documents Available to the Public No documents available to the public.”

“Other Program Services CME Report - NSC produced a report summarizing school data from charter and neighborhood schools to examine the academic impact of charter schools in the City of Chicago.”

“Description:community service development total fees:962985”

“Description:program mgmt & consulting total fees:54914”

“Description:benefit service fees total fees:2294”