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.”

“Committees there were no committees with the authority to act on behalf of the governing body during the year.”

“Review of form 990 the form 990 was prepared by a national public accounting firm conjunction with management and staff of the organization. A draft was then provided to management. Management and the treasurer reviewed a draft version of the form 990. Subsequent to their review, club management and the treasurer, along with the commercial club's vp, finance & admin discussed the draft versions with the tax preparers including any questions or necessary revisions. Based on feedback from that meeting, the form 990 was revised as necessary. The board of directors received 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 k1c uses the following to establish compensation for all employees: a compensation committee, an independent compensation consultant, form 990 of other organizations, compensation surveys, and approval by the board and compensation committee. Compensation is contemporaneously documented by the compensation committee.”

“Documents available to the public k1c provides documents to the public upon request.”

“K1c works to ensure that every chicago family and child has access to high-quality education by supporting families & providing data analysis to shape education policy/systems.”

“Policy - guided by what parents say they need from their public schools, k1c pursues the policy improvements needed - e.g. Fair and simplified access, adequate and equitable funding, transparent information about school quality - within chicago's pk-12 education system that will help ensure all students, especially low-income students of color, receive a quality education. K1c collaborates with chicago public schools (cps), the city of chicago, and other education partners to advance evidence-based education policy, publishes white papers and reports, and creates data tools to shed light on educational inequities and support district-, school- and student-level improvements. In addition to working with grass-tops influencers, k1c also strives to make information about these policy areas accessible to communities and families to support their decision-making and allow them to become active and effective advocates for policy change.”

“Consulting fees: program service expenses 483,330. Management and general expenses 195. Fundraising expenses 0. Total expenses 483,525. Other professional fees: program service expenses 59,789. Management and general expenses 7,034. Fundraising expenses 0. Total expenses 66,823.”