Denver Children'S Home

“The finance committee of the board of directors reviews the form 990 prior to filing the form. This is done at one of the monthly finance committee meetings.”

“The conflict of interest policy is signed by all board members (directors) annually in january. By signing, they agree to abide by the conflict of interest policy and are expected to recuse themselves from decisions involving actual or perceived conflicts. The dch key employees attending the board meetings are expected to monitor this process and ask board members (directors) to recuse themselves.”

“During the month of august, the finance director prepares a compensation information packet for the president of the board of directors to use in determining the compensation package for the executive director. The packet includes salary surveys from the colorado nonprofit association, the mountain states employers council, and compensation data from form 990's of organizations of similar size and mission as dch. Also included is the salary history for the executive director for the past four years. The president meets with the executive committee of the board of directors and prepares a performance review of the executive director, and a proposed compensation package. The executive committee then meets with the full board of directors, without dch staff members present, to discuss the performance evaluation and proposed compensation package. After discussion, adjustment and eventual approval of the evaluation and compensation package, the president meets with the executive director to present the evaluation and compensation. Any negotiation of the compensation package must be taken back to the full board for approval.”

“The dch's most current audited financial statements are posted on the dch web site which is available for public viewing. We also provide these documents, the form 990 and the conflict of interest statement upon request by donors or any other interested party.”

“Change in net assets held by denver children's home foundation 134,525. Change in value of perpetual trusts -281,712.”

“The board of directors assume the responsibility for oversight of the audit of its financial statements and selection of an independent certified public accountant. This process has not changed from prior years.”