The Oliver Scholars Program Inc.

“Judith-ann corrente, past board chair and the fund manager for the investment portfolio have a family relationship.”

“The oliver scholars program has its 990 prepared by its outside auditors. The review process in place to ensure that the information is complete and accurate is as follows: first the board of trustees reviews and votes to accept the audit at its april board meeting. The auditors then proceed to prepare the form 990. Once the form 990 is prepared and reviewed by management, the chair of the board audit committee and the board chair, it is submitted electronically to the full board one week before the scheduled meeting for review. All comments are compiled, and assessed by the audit committee chair, the board chair and the executive director. All issues are documented and addressed by the same, and once resolved sent back to the auditors for finalization and filing.”

“The oliver scholars program has in place an ethical conduct and conflict of interest policy that is monitored and enforced each year by the board governance committee. At the first board meeting every year, each trustee is required to complete and sign the ethical conduct and conflict of interest statement, disclosing any potential or actual conflicts. The statements are collected and reviewed by the governance committee chair. If a potential or actual conflict of interests exists, the governance chair will notify the board chair and investigate the conflict. The results of the investigation will be summarized and documented by the governance chair and be reported to the full board of trustees. If the governance chair establishes that an actual conflict exists, the trustee in question will be notified immediately and not be allowed to vote or be a part of any decisions about any such transactions that have to do with the conflict until such time there is no longer a conflict. All potential conflicts of interest on the part of the staff are reported to the executive director.”

“The oliver scholars program board of trustees has a written compensation policy to follow in establishing compensation for the executive director and key employees of the organization. Executive compensation is reviewed annually by the compensation committee as an integral part of the annual budgeting process. Compensation committee members must be free of conflicts of interest. They must review appropriate and adequate data to determine the reasonableness of all compensation being considered, using a variety of information and studies that are available. The compensation committee's recommendation on the amount of compensation to be paid is required to be documented in written form including the date of the decision, the committee members who considered and voted on the decision, the full terms of the transaction and the comparable data that was used. The compensation review process for executive director was last taken in the last quarter of 2013.”

“The organization makes its governing documents, conflict of interest policy and financial statements available upon request.”

“Executive coaching: program service expenses 0. Management and general expenses 0. Fundraising expenses 6,200. Total expenses 6,200. Tech support: program service expenses 6,204. Management and general expenses 333. Fundraising expenses 333. Total expenses 6,870. Marketing & branding: program service expenses 17,609. Management and general expenses 477. Fundraising expenses 21,887. Total expenses 39,973. Temporary help: program service expenses 60,425. Management and general expenses 3,114. Fundraising expenses 21,371. Total expenses 84,910. Payroll charges: program service expenses 0. Management and general expenses 2,406. Fundraising expenses 0. Total expenses 2,406. Fiscal planning: program service expenses 0. Management and general expenses 25,000. Fundraising expenses 0. Total expenses 25,000. Instructors: program service expenses 34,235. Management and general expenses 0. Fundraising expenses 0. Total expenses 34,235.”

“The organization has not changed its oversight process from the prior year”