Education Is Freedom Foundation

“form 990, part III, Line 4d The Organization's other programs consist of College Persistence, DISD Academy Training, EIF Mobile, Grand Prairie Independent School District, and Points of Light Serviceworks. Form 990 Review Process Form 990, Part VI, Line 11b UPON COMPLETION, A COPY OF THE 990 IS PROVIDED TO BOTH THE ORGANIZATION'S CONTROLLER AS WELL AS THE PRESIDENT AND CEO. THE 990 IS THEN FORWARDED TO EACH OF THE BOARD MEMBERS FOR REVIEW AND APPROVAL PRIOR TO FILING THE RETURN with the internal revenue service.”

“Form 990, Part VI, Line 12c Annual disclosure statements are not required. However, what follows is an excerpt from the Organization's conflict of interest policy: PERSONS CONCERNED This statement is directed not only to directors and officers, but to all employees who can influence the actions of EIF. For example, this would include all who make purchasing decisions, all persons who might be described as "management personnel,anyone who has proprietary information concerning EIF. DISCLOSURE POLICY AND PROCEDURE Transactions with parties with whom a conflicting interest exists may be undertaken only if all of the following are observed: 1. The conflicting interest is fully disclosed; 2. The person with the conflict of interest is excluded from the discussion and approval of such transaction; 3. A competitive bid or comparable valuation exists; and 4. The [board or a duly constituted committee thereof] has determined that the transaction is in the best interest of the organization. 5. Disclosure in the organization should be made to the chief executive officer (or if she or he is the one with the conflict, then to the board chair), who shall bring the matter to the attention of the [board or a duly constituted committee thereof]. Disclosure involving directors should be made to the board chair, (or if she or he is the one with the conflict, then to the board vice-chair) who shall bring these matters to the [board or a duly constituted committee thereof]. 6. The [board or a duly constituted committee thereof] shall determine whether a conflict exists and in the case of an existing conflict, whether the contemplated transaction may be authorized as just, fair, and reasonable to EIF. The decision of the [board or a duly constituted committee thereof] on these matters will rest in their sole discretion, and their concern must be the welfare of EIF and the advancement of its purpose.”

“Form 990, Part VI, Line 15a COMPENSATION COMPARISONS ARE USUALLY COMPLETED ON AN ANNUAL BASIS WITH SALARY INFORMATION PROVIDED BY THE LOCAL CENTER FOR NON-PROFIT MANAGEMENT. SALARY REVIEWS ARE COMPLETED FOR THE ENTIRE STAFF AND ARE INTENDED TO BE ALIGNED WITH COMPARABLE POSITIONS IN OTHER LOCAL NON-PROFIT AND GOVERNMENT AGENCIES. THE CEO'S SALARY IS ALSO REVIEWED AND APPROVED BY THE BOARD CHAIRMAN.”

“Form 990, Part VI, Line 19 EIF makes available its annual report, Form 990 and audited financials on the organization website. The governing documents and conflict of interest policy are available upon request.”

“Form 990, Part VI, Line 8 There are no such committees.”