Childhelp Inc.

“The organization's bylaws has locked in certain officers for life without voting by other directors. The bylaws also assign one person as designator for life and is the only person that can designate directors to the board.”

“Jim and carol hebets have a family relationship. John hopkins and sara o'meara have a family relationship. William eckholm had a business relationship during the year as he provided the organization with a loan that was re-paid by the year end 6/30/2020. Jim hebets has a business relationship as he received commissions on insurance premiums provided by a related party insurance provider, which he donated back the commissions to the organization.”

“The organization became aware of cash embezzlement by an employee through processing and forging checks while manipulating the documents to hide activity in the amount of $2,040,000 that occurred over eight years. Childhelp immediately self-reported, worked with authorities to prosecute the offender, maintains insurance and recouped a larger portion of the misappropriated assets, and immediately secured assets and updated procedures. The organization is now utilizing a system of internal controls and processes to protect assets, ensure the integrity and reliability of its information, secure compliance with laws, policies, procedures, and ensures the performance of its business objectives.”

“The organization does not have a committee that has the authority to act on behalf of the governing body.”

“The form 990 is prepared by the organization's public accounting firm based on information provided by management. Once the draft is available, it is reviewed by management and any changes incorporated into the filing. Once this detailed review is complete, the draft of the form 990 is presented to the board of directors for their review and comments prior to filing with the irs.”

“Once annually all board members and officers are required to sign a board conflict of interest policy disclosing interests that could give rise to conflicts. Actual, potential and/or perceived conflicts of interest must be reported in writing as soon as they arise. The chair or supervisor will review, evaluate, and investigate and either resolve the actual, potential or perceived conflict and so advise in writing, or bring the matter to the committee or designated executive committee for resolution. The final resolution will be submitted in writing and included in the committee minutes.”

“Human resources researches compensation data for officers and key employees with a third party using comparable industry data to make recommendations to the board of directors for any changes. The independent members of the board review the data provided and approve the compensation packages for the upcoming calendar year. Contemporaneous board minutes are kept that document the process and decisions. The process was completed in 2020 for the current reporting year.”

“Audited financial statements are posted on our website. These documents along with the governing documents and the conflict of interest policy are also available upon request.”

“Children's clothing and related needs: program service expenses 370,107. Management and general expenses 207. Fundraising expenses 0. Total expenses 370,314. Gifts in kind: program service expenses 266,969. Management and general expenses 0. Fundraising expenses 4,023. Total expenses 270,992. Recreation & special ed: program service expenses 250,538. Management and general expenses 0. Fundraising expenses 0. Total expenses 250,538. Medical: program service expenses 123,839. Management and general expenses 0. Fundraising expenses 0. Total expenses 123,839.”

“Change in value of assets held in trust -120,340. Provision for doubtful accounts -807,287. Settlement loss -1,116,604. Change in 457b plan assets -49,332.”

“There has been no change in either the oversight process or the selection process during the tax year.”