Charter Board Partners

“The final federal form 990 was prepared by an external accounting firm. The ceo and contracted accountant reviewed the draft version of the federal form 990 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 delivery consultants: program service expenses 174,061. Management and general expenses 0. Fundraising expenses 0. Total expenses 174,061. Other consultants: program service expenses 22,500. Management and general expenses 23,890. Fundraising expenses 0. Total expenses 46,390. Evaluation consultant: program service expenses 45,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 45,000.”

“Transfer of assets upon dissolution -58,512.”