The Children'S Place Association

“Our board members come from mostly 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 disclosure to the organization, these business transactions do not in any way conflict with their fiduciary duties as board members of organization.”

“The children's place association is the corporate member”

“Per the by-law of the following entities, the corporate member, the children's place association, has the exclusive power to appoint, from nominees recommended by their respective boards, and remove with or without cause, the directors of their corporation. The children's place foundation the children's place home health services the children's place housing corp the children's place international”

“The corporate member shall have the following exclusive powers: a) establish the corporate spending limit and investment policy for the corporation; b) select independent auditors, legal counsel, and/or other major consultants for the corporation; c) adopt and amend statements of mission, philosophy or purpose; d) amend the corporation's articles of incorporation and bylaws as provided in article ix; e) appoint, from nominees recommended by the board, and remove, with or without cause, the directors of the corporation as provided in article iii; f) appoint, review and remove the president of the corporation; g) approve the business plan of the corporation the corporate member shall have the following approval powers: a) capital and operating budgets of the corporation; b) unbudgeted expenditures by the corporation in excess of the corporate spending limit; c) purchases, sales and leases of property by the corporation in excess of the corporate spending limit; d) borrowing by the corporation in a principal amount in excess of the corporate spending limit, or for a stated term in excess of one year or which is secured by a mortgage of real property; e) any major change in the programs and services rendered by the corporation, including any creation of new or discontinuation of existing programs and services; f) acceptance of a contribution which imposes a material obligation on the corporation, and; g) any resolution regarding dissolution, merger or consolidation of the corporation or the sale, lease, mortgage, or transfer of the corporation's real property, or of all or substantially all of the corporation's assets.”

“The form 990 is reviewed and approved by the fiduciary committee.”

“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.”

“A compensation review for the ceo was done by the children's place association board in 2024.”

“A compensation review was conducted by the children's place association executive team for all staff in 2024.”

“The organization's annual report and audited consolidated financial statements are available to the public on the organization's website. The organization's governing documents and conflict of interest policy are only available as requested.”

“The mission of the children's place association affiliates is to support the mission of the children's place association (36-3641017) which is to build a secure and hopeful today so children facing health issues and poverty succeed tomorrow.”