Charter Board Partners

“The federal Form 990 is prepared by an external accounting firm. The CEO and contracted accountant review the draft version of the federal Form 990 before sharing it with the full Board. The Board of Directors reviews the draft Form 990 and submits any feedback to the team prior to filing with the Internal Revenue Service.”

“Education Board Partners conducts an annual review of the conflict of interest policy and any issues are addressed. An interested person may take the presentation at the Board of Directors, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. After exercising due diligence, the Board of Directors shall determine whether the Corporation can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the Board of Directors shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the Corporation's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement.”

“In determining the compensation of senior executives, there is a review of comparative salaries and benefits in the non-profit sector prior to approval by the Board of Directors compensation also determined by the achievement of the Executive Director's yearly and quarterly goals.”

“Education Board Partners makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Program consultants: Program service expenses 106,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 106,000. Other consultants: Program service expenses 23,100. Management and general expenses 30,566. Fundraising expenses 0. Total expenses 53,666. Administrative support: Program service expenses 0. Management and general expenses 53,303. Fundraising expenses 0. Total expenses 53,303.”