The Children'S Place Association

“Our board members mostly come from various businesses in the metropolitan chicago area and as result do conduct business transactions with each other during the normal course of business. To the best of our knowledge and belief and based upon their signed conflict of interest disclosures to the organization, these business transactions do not in any way conflict with their fiduciary duties as board members of organization.”

“The fiduciary committee of our parent organization, the children's place association, specifically a designated member of fiduciary committee a local attorney reviews the 990 tax return in detail. After his review and approval the complete 990 tax return is made available to the entire fiduciary committee and to the board of directors for their review via electronic media.”

“All of our board members sign a copy of the organization conflict of interest policy when they become board members. The board members are not allowed to vote on any contracts, vendor arrangements or other matters involving companies that they work for or have any ownership interest in. The chief financial officer monitors the organization's vendor relationships and decisions to ensure that this policy is adhered to.”

“The compensation of the organization's executive director is determined by and reviewed annually by the executive committee of the board of directors and submitted to full board of directors for approval. The compensation of other not-for-profit organizations' executive directors or chief executive officers is obtained from these organizations' 990 tax returns for comparison purposes as deemed necessary by the executive committee of the board of directors. The executive director and human resource coordinator determine the compensation of the organization's key employees and their compensation is reviewed annually. Compensation is based upon information obtained from comparable management positions in the organization or in other not-for-profit organizations. Compensation information from other not-for-profit organizations is obtained from these organizations' 990 tax returns for comparison purposes as deemed necessary by the chief executive officer or human resource coordinator.”

“The organization's 990 tax return is made available to the public through guidestar.”

“The organization's annual report and audited financial statements are available to the public on the organizations web site. The organization's 990 tax return is made available to the public through guide star. The organization's governing documents and conflict of interest policy are only available as requested.”

“Transfers to affiliate, children's place association, #36-3641017 -643,296.”

“This process has not changed from the prior year.”