Learning Leaders Inc

“The chief financial and operating officer reviewed the draft form 990. The trustees, finance/budget/audit committee and the executive director subsequently reviewed the draft, which was then submitted to the irs.”

“Any trustee, who has a direct or indirect financial interest, as defined below, is an interested person. A person has a financial interest if the person has, directly or indirectly, through business, investment, or family: an ownership or investment interest in any entity with which learning leaders, inc. Has a transaction or arrangement; a compensation arrangement with learning leaders, inc. Or with any entity or individual with which learning leaders, inc. Has a transaction or arrangement; or a potential ownership or investment interest in, or compensation arrangement with, any entity or individual with which learning leaders, inc. Is negotiating a transaction or arrangement. Compensation includes direct and indirect remuneration as well as gifts or favors that are not insubstantial. A financial interest is not necessarily a conflict of interest. A person who has a financial interest may have a conflict of interest only if the board of trustees or trustees committee decides that a conflict of interest exists. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the trustees committees, which has board of trustees delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the board of trustees or trustees committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or trustees committee members shall decide if a conflict of interest exists. An interested person may make a presentation at the board of trustees or trustees committee meeting, 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. The chairperson of the board of trustees or trustees committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the board of trustees or trustees committee shall determine whether learning leaders, inc. 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 trustees or trustees committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in learning leaders inc.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. If the board of trustees or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the members response and after making further investigation as warranted by the circumstances, the board of trustees or trustees committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action. The minutes of the board of trustees and all trustees committees with board delegated powers shall contain: the names of the persons who disclosed or otherwise were found to have a financial interest in connection with an actual or possible conflict of interest, the nature of the financial interest, any action taken to determine whether a conflict of interest was present, and the board of trustees or trustees”

“The executive committee determines and approves the award and the amount of the executive directors compensation. The 2018 salaries were based on a review conducted in 2017.”

“Upon written request, the general public can obtain governing documents, conflict of interest policy, and financial statements.”

“During april 2017, the board of directors of learning leaders, inc. Approved a plan of dissolution. Shortly thereafter, a substantial portion of the workforce was notified that they would no longer be employed, and program services ended.”

“Learning leaders mission was to help new york city public school students succeed in school by training volunteers who provide tutoring and other school-based support, and by equipping all parents to foster their own childrens educational development.”

“Transfer to escrow $275,407”

“The process has not changed from prior year.”