The Small Enterprise Education And

“The organization has a single class of members.”

“During the annual conference, members in good standing vote for new board members who have been nominated prior to or at the conference.”

“The selection of new officers, choice of adding each applicant for seep membership and types of new members (such as whether to allow for-profit entities as new members) are decisions that are subject to approval.”

“The form 990 was prepared by the outside accountants and reviewed by senior management. The 990 was reviewed by the executive director and was then forwarded to the the finance and audit committee for review prior to filing.”

“The conflict of interest policy is monitored and enforced annually by the executive director. He/she is charged with: updating the conflict of interest forms that each board member signs; and monitoring the grants, contracts, and agreements to ensure compliance with the policy. The executive director is made aware of any potential conflicts of interest. In addition, the organization consults with seep's legal counsel before entering into any agreement that may potentially violate seep's conflict of interest policy. If a conflict of interest arises, the interested person recuses himself/herself from the meeting as well as the decision making process.”

“The executive director's compensation is reviewed and ratified at the end of each calendar year by the board of directors. Any increase in salary or benefits must be approved by the board of directors. The director of finance's compensation is reviewed annually by the executive director and any increase in salary or benefits is based on an annual performance review and the availability of funds in the budget, which is approved by the board of directors. Comparable data is also used in the compensation review and the process is documented. The last salary review for top financial official was in january 2017 and top management official review was completed upon hire date in may 2019.”

“The organization's governing documents, financial statements and conflict of interest policy are currently kept at seep's headquarters office and are available for public inspection upon request during normal business hours.”

“Tech assistance consultants: program service expenses 72,999. Management and general expenses 16,215. Fundraising expenses 0. Total expenses 89,214. Research person: program service expenses 76,834. Management and general expenses 17,067. Fundraising expenses 0. Total expenses 93,901. Translator: program service expenses 13,928. Management and general expenses 3,094. Fundraising expenses 0. Total expenses 17,022. Consultants: program service expenses 232,715. Management and general expenses 51,694. Fundraising expenses 0. Total expenses 284,409.”

“On april 29, 2020, the seep network received loan proceeds in the amount of $211,617 under the paycheck protection program (ppp). The promissory note calls for monthly principal and interest payments amortized over the term of the promissory note with a deferral of payments for the first six months. Under the coronavirus aid, relief, and economic security act (cares act), the promissory note may be forgiven by the small business administration in whole or in part. The seep network used the proceeds for purposes consistent with the paycheck protection program and received forgiveness in full in may 2021.”