Childrens Funding Project

“The organization amended their bylaws to update the terms of board members from 2.5 to 3 years, or until their replacements are duly elected and qualified. Directors are now eligible for re-election for up to 3 consecutive terms.”

“The form 990 is reviewed by the chief executive officer and outsourced accountant. After review, a copy of the 990 is provided to the board of directors prior to being filed.”

“On an annual basis, all directors and officers shall disclose in writing: (i.) any entity of which such person or a relative of such person is an officer, director, trustee, member, owner, or employee and with which the corporation has a relationship; (ii.) any financial interest such person may have in any corporation, organization, partnership, or other entity which provides professional or other goods or services to corporation for a fee or other compensation, and (iii.) any position or other material relationship such director, officer, key employee, or relative of such person, may have with any not-for-profit corporation with which the corporation has a business relationship. Whenever a director or officer has an actual or apparent financial or personal interest in any matter coming before the board of directors, the affected person shall a) fully disclose the nature of the interest and b) withdraw from discussion, lobbying, and voting on the matter, except to the extent the board or a committee thereof requests information from the director. Any transaction or vote involving a potential conflict of interest shall be approved only when a majority of disinterested directors determine that it is in the best interest of the corporation to do so. The minutes of meetings at which such votes are taken shall record such disclosure, abstention and rationale for approval.”

“Compensation of the chief executive officer is determined by the board of directors or other authorized board committee and is based on comparability data which may include, but not limited to (1) compensation levels paid by similarly situated organizations, both exempt and non-exempt; (2) the availability of similar services within the same geographic area; (3) current compensation surveys compiled by independent firms; and (4) written offers from similar institutions competing for the same person's services. Periodic reviews are then performed to determine whether compensation arrangements and benefits are reasonable, based on competent survey information.”

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

“Consultants: program service expenses 252,654. Management and general expenses 0. Fundraising expenses 0. Total expenses 252,654. Other professional fees: program service expenses 51,185. Management and general expenses 25,612. Fundraising expenses 0. Total expenses 76,797.”

“Children's funding project leases employees from a professional employment organization, justworks employment group llc. The employees are considered common law employees of children's funding project, however, justworks employment group llc is the employer of record and employees get their w2s from justworks employment group llc.”