Franklin Center

“The executive committee has the authority to act on behalf of the governing body. The committee is comprised of the governance chair, board chair, vice chair, treasurer, and secretary of the organization.”

“The annual completed 990 form is sent to each member of the board's finance committee for a thorough review. The finance committee meets with the auditor annually soon thereafter. Then following approval by the finance committee, the completed 990 form is sent to each trustee to review prior to a meeting where the board votes to affirm.”

“Yes, the conflict of interest policy is consistently monitored and enforced. At the beginning of each fiscal year, each board trustee and key staff member completes a conflict of interest form. The governance committee reviews each form to determine any conflicts. Additionally, each trustee is asked to excuse themselves on board votes that might be considered in conflict.”

“A comparability study is done using data from similar size and similar mission based nonprofits and presented to the board chair. The comparable nonproftis include minnesota independent school forum, minnesota independence college and community, groves academy, st davids child care center, monarch institute-houston, mount olivet rolling acres, mounds park academy. The board chair and the members of the finance committee determine the annual salary which is presented to the board of trustees for an annual vote of approval.”

“We have chosen to match the market when compensating key employees. Our pay is roughly the same as our competitiors, as determined by the minnesota nonprofit council's biennial salary chart. We look at two key factors; geographic location - we use twin cities, budget - we use 2,000,000 - 5,000,000, and we determine to be within 90% of the 50th percentile for like positions.”

“990s are posted on guidestar for easy access for the public. More recent 990s and the 1023 are available for public inspection upon request.”

“A summary of our audited financials are made available in our annual report each year. The annual report is sent by email to all stakeholders and is posted on our website. Governing documents including the conflict of interest policy are available upon request.”

“Academy of whole learning”

“Scholarships & financial aid awarded -480,290 scholarships & financial aid awarded 480,290”