Denver Childrens Home Foundation

“Form 990, part vi, section b, lines 13 and 14: the foundation has no employees. Administrative services are provided by the employees of the denver children's home at no charge. In providing these services, the home's employees follow the home's adopted record retention and whistleblower policies. Form 990, part vi, section b, line 15: the foundation has no employees and the officers and directors are not paid. Therefore, a process for compensation of the executive director, officers, etc., is not relevant to the foundation.”

“The denver children's home, a colorado nonprofit corporation, is the sole voting member of the denver children's home foundation.”

“The following transactions require the home's approval: a) amendment or restatement of the articles of incorporation or bylaws of the foundation; b) merger, consolidation, reorganization, or dissolution of the foundation; c) sale, lease, disposition, pledge, gift, or encumbrance of any interest in real or personal property belonging to the foundation, except in accordance with the established policies for such matters approved from time to time in advance by the denver children's home; d) aggregate borrowing of the foundation for any period for any purpose in excess of a dollar amount to be established by the denver children's home from time to time; e) the formulation of an initial, or any change in any subsequent, formal or informal statement of the purposes and objectives of the foundation; f) the approval or adoption of the annual and any special operating and capital budgets of the foundation; g) any unbudgeted capital expenditure in excess of a dollar amount to be determined by the denver children's home from time to time; and h) the appointment of an independent auditor for the foundation.”

“The board of trustees reviews the form 990 prior to filing the form. This is done at one of the regularly scheduled trustee meetings.”

“The conflict of interest policy is signed by all board members (trustees) 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 foundation's officers and board members (trustees) attending the board meetings are expected to monitor this process and ask board members (trustees) to recuse themselves.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“The foundation's board of trustees assume the responsibility for oversight of the audit of its financial statements and selection of an independent certified public accountant. The denver children's home must approve the selection of the indepentdent certified public accountant. This process has not changed from prior years.”