Standard 3: Frequency and Attendance of Board Meetings - An organization shall have a minimum of three evenly spaced meetings per year of the full governing body with a majority in attendance, with face-to-face participation. A conference call of the full board can substitute for one of the three meetings of the governing body. For all meetings, alternative modes of participation are acceptable for those with physical disabilities.
Kids' Klubs does not meet this Standard because:
- The board of directors did not hold a minimum of three evenly spaced meetings in the past fiscal year.
Standard 4: Compensated Board Members - Not more than one or 10% (whichever is greater) directly or indirectly compensated person(s) serving as voting member(s) of the board. Compensated members shall not serve as the board's chair or treasurer.
Kids' Klubs does not meet this Standard because:
- TWO (2) member(s) out of the NINE (9) member board of directors (22%) is/are compensated either directly or indirectly.
Standard 8: Program Service Expense Ratio - Spend at least 65% of its total expenses on program activities.
Kids' Klubs does not meet this Standard because:
- According to the its IRS Form 990-EZ for the fiscal year ended January 1, 2008, the organization spent $24,451 or 30% of its total expenses ($81,145) on program service activities.
Standard 16: Annual Report - Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.
Kids' Klubs does not meet this standard because the most recent annual report did not include:
- Total income.
- Total program expenses.
- Total expenses for each program in the same categories that appear in the organization’s financial statements.
- Total fund raising expenses.
- Total administrative expenses.
- Total end of year net assets.