Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1 | IN MARCH 2012, THE BOARD OF DIRECTORS APPROVED AN ORGANIZATIONAL EXPENDITURE AUTHORIZATION POLICY AND AMENDED FOR TITLE CHANGES IN FEBRUARY 2018 AS FOLLOWS: 1.PRESIDENT AND CEO CAN APPROVE EXPENDITURES UP TO $25,000, LIMIT 8 TIMES PER YEAR WITHOUT PRIOR APPROVAL FROM THE BOARD, 2. CHAIRMAN AND VICE-CHAIR CAN APPROVE EXPENDITURES BETWEEN $25,000 AND UP TO $250,000 WITHOUT FULL BOARD APPROVAL, LIMIT OF 4 TIMES PER YEAR, AND 3. EXPENDITURES OVER $250,000 REQUIRE FULL BOARD APPROVAL. ANY APPROVAL UNDER 1 & 2 ARE COMMUNICATED TO THE FULL BOARD EITHER VIA ELECTRONIC UPDATES OR AT BOARD MEETINGS. |
| FORM 990, PART VI, SECTION A, LINE 4 | IN 2020, THE AMERICAN FEDERATION FOR CHILDREN, INC. (AFC), WAS INCORPORATED IN THE STATE OF INDIANA. ON MARCH 18, 2020, THE ORGZANIZATION AMENDED ARTICLE IV - MEMBERSHIP OF ITS ARTICLES OF INCORPORATION. IT PROVIDES TWO CLASSES OF MEMBERS - DIRECTOR AND ASSOCIATE MEMBERS. AFC AND ITS RELATED ORGANIZATIONS AMENDED ALL BY-LAWS TO GET THEM ALL IN SYNC WITH EACH OTHER ACCROSS ITS ORGANIZATIONAL STRUCTURES. |
| FORM 990, PART VI, SECTION A, LINE 6 | TWO CLASSES OF MEMBERS: DIRECTOR MEMBERS ARE MEMBERS OF THE BOARD OF DIRECTORS WHO HAVE BEEN DULY ELECTED ACCORDING TO THE PROVISIONS OF ARTICLE III OF THE BYLAWS AND SHALL HAVE THE RIGHT TO VOTE ON THE MANAGEMENT AND AFFAIRS OF THE CORPORATION, AS PROVIDED FOR IN THE BYLAWS. ASSOCIATE MEMBERS ARE ANY INDIVIDUAL, PARTNERSHIP, TRUST, FIRM, OR CORPORATION, WHO OR WHICH SHALL PAY ANNUAL DUES TO BE SET BY THE BOARD OF DIRECTORS. AN ASSOCIATE MEMBER DOES NOT HAVE THE RIGHT TO VOTE ON THE MANAGEMENT AND AFFAIRS OF THE CORPORATION." |
| FORM 990, PART VI, SECTION A, LINE 7A | DIRECTOR MEMBERS ARE MEMBERS OF THE BOARD OF DIRECTORS. THE MEMBERS OF THE BOARD OF DIRECTORS ARE ELECTED AT THE ANNUAL MEETING OF THE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE CHIEF FINANCIAL OFFICER/TREASURER WORKS CLOSELY WITH THE INDEPENDENT AUDITOR AND TAX ADVISORS IN PREPARING AND PROVIDING SCHEDULES AND DOCUMENTATION TO COMPLETE THE FORM 990. ONCE COMPLETED THE FINAL DRAFTS ARE REVIEWED BY CEO, COO, AND INTERNAL LEGAL COUNSEL FOR APPROVAL. IF EDITS NEED TO BE MADE, THE CFO WILL WORK WITH TAX ADVISOR BEFORE FINALIZING. ONCE FINALIZED THE RETURNS ARE SIGNED BY THE CEO, FILED, AND PROVIDED TO THE FULL BOARD. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OF DIRECTORS AND OFFICERS SIGN ANNUAL CONFLICT OF INTEREST AGREEMENTS, WHEREBY THEY MUST DISCLOSE FINANCIAL INTEREST THAT MAY CREATE, OR MAY APPEAR TO CREATE, CONFLICTS OF INTEREST. IN SUCH CIRCUMSTANCES, THE AFFECTED DIRECTOR SHALL NOT PARTICIPATE IN THE DELIBERATIONS OR VOTING BY THE BOARD AS TO THE MATTER AT ISSUE. |
| FORM 990, PART VI, SECTION B, LINE 15 | CHAIRMAN OF THE ORGANIZATION REVIEWS THE COMPENSATION OF THE PRESIDENT AND CHIEF EXECUTIVE OFFICER. HE WILL DISCUSS WITH THE FULL BOARD OF DIRECTORS DURING EXECUTIVE SESSION THE PERFORMANCE AND COMPENSATION RECOMMENDATIONS. ONCE AGREED UPON, THE CHAIRMAN WILL CONDUCT REVIEWS WITH EACH SEPARATELY AND THEN NOTIFY THE CHIEF FINANCIAL OFFICER OF THE COMPENSATION ADJUSTMENTS OR ARRANGEMENTS. THIS PROCESS RECENTLY TOOK PLACE IN 2020. THE PRESIDENT CONDUCTS AN ANNUAL REVIEW IN DECEMBER AND DISCUSSES THE REVIEW AND COMPENSATION WITH THE CHIEF EXECUTIVE OFFICER. THEN A MEETING IS SCHEDULED WITH THE INDIVIDUAL STAFF TO DISCUSS THE REVIEW. STAFF RECEIVE A COPY OF THE REVIEW AND COMPENSATION ADJUSTMENTS ARE EMAILED TO STAFF PRIOR TO YEAR END, EFFECTIVE FOR THE SUBSEQUENT CALENDAR YEAR. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, CONFLICTS OF INTEREST AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
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