Brown County Early Learning Center Nfp

“Brown county early learning center brown county early learning center secre/treas director siblings”

“The sole member of the brown county early learning center is the tracy family foundation.”

“The sole member of the brown county early learning center, the tracy family foundation, has the right and power to appoint and remove directors and officers, and to determine director/officer compensation.”

“The sole member of the brown county early learning center, the tracy family foundation, has the right and power to alter, amend or repeal the bylwas. The member also has the right and power to vote on amendments to the articles of incorporation, merger and consolidation, and dissolution.”

“All officers and directors will receive a copy of the irs form 990 to review prior to filing. Officers and directors may ask questions or suggest revisions to the form.”

“Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: (a) has received a copy of the conflicts of interest policy, (b) has read and understands the policy, (c)has agreed to comply with the policy, and (d)understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. Periodic reviews, which are required by board adoption effective november 10, 2022 but have not been regulary performed, should at a minimum include the following subjects: (a) whether compensation arrangements and benfits are reasonable, based on competent survey information and the result of arms length bargaining. (b) whether partnerships, joint ventures, and arrangements with management organizations conform to the organizations written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement,impermissible private benefit, or in an excess benefit transaction. When conducting the periodic reviews as provided for in article vii, the organization may, but need not use outside advisors. If outside experts are used, their use shall relieve the governing board if its responsibility for ensuring periodic reviews are conducted.”

“The governing documents and financial statements are not generally made available to the public. The board will consider any requests for such information on a case-by-case basis and provide as determined necessary.”

“Organized for educational purposes and operates an early learning center in mount sterling, illinois through a management services agreement with the ymca of west central illinois. This entity financially subsidizes the operation of the early learning center to ensure that its early learning services are made available to as many members of the brown county community as possible.”

“Board members and officers volunteered their time to bcelc.”