Partnership Scholars Program

“Two Board Members are married, Benjamin Friedman and Rocio Alvarez.”

“Partnership Scholars Program outside auditors and staff prepare the form 990. The form is then reviewed and approved by the organization's finance committee. Then the form is sent to the board for full approval before filing.”

“Each year the Executive Director and/or Board Chair will distribute the conflict of interest policy to each board member for their review and signature.”

“The Board reviewed Partnership Scholars Program CEO's compensation at our June 2017 meeting. The Board discussed compensation of comparably sized organizations of comparable budgets, and reviewed data used in the prior year compensation review. The Board voted on compensation and the decision was shared with the CEO at a later date.”

“These items may be available upon request.”

“Prog. Events/Mentoring: Program service expenses 31,699. Management and general expenses 0. Fundraising expenses 0. Total expenses 31,699. Enrollment fees: Program service expenses 26,122. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,122. College fees: Program service expenses 8,830. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,830. Professional development: Program service expenses 1,266. Management and general expenses 1,257. Fundraising expenses 1,430. Total expenses 3,953. Equipment: Program service expenses 1,239. Management and general expenses 309. Fundraising expenses 505. Total expenses 2,053. Gifts: Program service expenses 1,012. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,012. Tax and fees: Program service expenses 0. Management and general expenses 95. Fundraising expenses 0. Total expenses 95.”

“Non-fulfillment of pledge commitment -524,770.”

“pledge commitments in the amount of $524,770, net of a discount of $43,225, due to non-fulfillment. This write-off is due in large part to the more recent inability of one donor to fulfill significant pledges made to the organization over the past four years. This donor is still committed to the Organization but has suffered from an unexpected change in health that makes it impossible to fulfill the pledges. The remainder of the write off is due to a second donor, also with health problems, who is not fulfilling pledges made several years ago. The Organization Board has taken all reasonable steps to pursue fulfillment of these pledges and has now determined that will not be possible.”