Savio House

“Bylaws of savio house were amended to clarify when and why a trustee may be elected who is not a member of the lions club of denver as follows: article iii, board of trustees, section 1 the business, property and affairs of the corporation shall be managed by the board of trustees, a majority of whom shall be members of the lions club of denver unless a qualified member cannot be found in club membership, in such case the savio trustees may search outside of the club membership for the new trustee. The board may exercise all powers and perform all lawful acts not prohibited by statute, the certificate of incorporation or these by-laws. Certificate of incorporation of savio house were amended as follows: article vii, distriution of assets upon dissolution no distribution of the assets of the corporation shall be made until all debts are fully paid whereupon the remaining assets shall be distributed to the denver foundation, denver, colorado, if it is then organized and operated exclusively for charitable or educational purposes and is qualified as a tax exempt organization under applicable provisions of the internal revenue code; otherwise, said assets shall be distributed by and in the discretion of the board of trustees of the corporation to a colorado foundation which is organized and operated exclusively for charitable or educational purposes and is qualified as a tax exempt organization under the internal revenue code, and to none other. The denver foundation or in its absence another colorado foundation will manage the investment of funds and comply with internal revenue service regulations required of these funds. The trustees of the denver lions foundation shall maintain discretion over the disbursement of funds from this account in a manner that maintains the principal in perpetuity. In either case, the denver lions foundation or other eligible corporation, will only distribute the funds to private, tax-exempt 501(c)3 agencies who provide child welfare and youth corrections services consistent with the vision and mission of savio house.”

“The 990 is received by the controller and forwarded to the executive director and the treasurer. All three review the form for reasonableness. The controller looks at all of the amounts included on the form and assesses them based upon knowledge of the financial reporting. The controller also agrees amounts to supporting documentation. Any discrepancies are discussed, reconciled, and corrected if necessary. The executive director, treasurer and controller have a conference call to discuss the form and any comments that have come up in their reviews. If necessary, they will contact the preparer and discuss the points requiring explanation and report back to the executive director and the treasurer.”

“The hr manager ensures that all forms are completed and turned in each year.”

“Savio has two committees of the board of directors, the budget and finance committee and the program and personnel committee. Both of these committees include outside members who are not on the regular board of trustees. Salaries of top directors as well as the executive director and key personnel are determined by these committees annually based upon their proposed budget and then approved by the overall board of trustees. None of the members of the board of trustees have any direct management role in the operations of savio house.”

“Governing documents, conflict of interest policy and financial statements are available upon request with the executive director's approval.”

“The organization has not changed the oversight process of the audit from the prior year. The controller, executive directer and board treasurer are responsible for audit preparation. The executive committee of the board reviews and approves the audit and auditor selection.”