Read to Lead Inc

“The organization uses adp totalsource ("totalsource"), a professional employer organization ("peo"), which provides professional employer services to classroom, inc. In the peo relationship, totalsource and classroom, inc. Share certain responsibilities and allocate other employer responsibilities individually. Classroom, inc. Remains an employer of classroom, inc.'s employees, and totalsource is a co-employer. Classroom, inc. Has direction and control over employees as is necessary to conduct its business; discharge any fiduciary responsibility it may have; and comply with any applicable licensure, regulatory or statutory requirement. In addition, classroom, inc. Has control over the day-to-day job duties of employees and over the job sites at which or from which employees perform services. Totalsource reserves a right of direction and control over employees as is necessary to fulfill its obligations and provide its services under an agreement between classroom, inc. And totalsource. Totalsource and classroom, inc. Have a right to hire, discipline, and terminate employees as to each one's employment relationship with the employees. Fee paid to totalsource in fy2020 was $95,761.”

“The treasurer reviews the draft 990 and then emails it to the audit committee for review. After any updates or changes are made, it is then emailed to the full board of directors for their review. The directors are asked to provide any comments or questions to the treasurer, which are reviewed and considered and the 990 is updated accordingly, prior to filing with the irs.”

“Classroom, inc. Currently has in place a conflict of interest policy that applies to all directors, officers, and key persons. Directors, officers, and key persons, who are considered able to influence a decision concerning classroom, inc.'s operations (an "interested person") are required to disclose any actual or potential conflict of interest, all such persons are required to review and complete a compliance statement annually. The audit committee and compliance officer monitor and enforce compliance with the conflict of interest policy. All conflicts and potential conflicts are to be disclosed to the compliance officer and then resolved by the audit committee. In the event a conflict of interest arises, the interest person will not be permitted to vote or exercise any influence on the issue on which they have a conflict. The decision of any actual or potential conflict of interest is documented in the minutes of the board meeting.”

“The compensation of classroom, inc.'s executive director is determined by the compensation committee, one of the governing committees of the board of directors. The compensation committee of the board is responsible for: 1. Approving year-end compensation decisions for the organization including merit increases and bonuses; and 2. Approving annual compensation for employees in excess of $125,000; and 3. Approving any material changes in compensation programs such as qualified retirement plans, medical, etc. The compensation committee is chaired by an independent voting member of the board, and consists of other independent voting members of the board. The committee reviews compensation of comparable nonprofit organizations (such as form 990s), economic conditions of the marketplace and individual performances to determine compensation. The committee meets as necessary, at least once per year, to review and approve all employees' compensation, and the meeting is documented via minutes. The process was last undertaken in june 2020.”

“Classroom, inc. Posts its audited financial statements and form 990 on its website, provides copies on request, and makes them available for inspection at the classroom, inc.'s office. The form 990 is also posted on guidestar.org and other similar types of websites. Classroom, inc. Provides copies of the governing documents and conflict of interest policy on request, and they are available for inspection at the classroom, inc.'s office.”

“Other honoraria: program service expenses 950. Management and general expenses 606. Fundraising expenses 564. Total expenses 2,120. Subcontractors: program service expenses 199,022. Management and general expenses 0. Fundraising expenses 0. Total expenses 199,022. Program consultants/others: program service expenses 335,645. Management and general expenses 179,949. Fundraising expenses 4,603. Total expenses 520,197.”

“Classroom, inc. Has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. The process for assuming responsibility over the audit of classroom, inc. And for the selection of an independent accountant has not changed from prior years.”