Rio Hondo Education Consortium

“The Organization's COO is responsible for the timely preparation of Form 990. The COO may confer with acccountants and legal counsel of the Organization with respect to drafts of Form 990. Copies of the completed draft 990 are distributed to the CEO and COO in either paper or electronic form for review and approval. Any questions or concerns will be noted and addressed and management staff will ensure that changes to the 990 are made as appropriate. After all input has been addressed, the final version of the 990 will be distributed to every voting member of the Organization's board of directors prior to filing with the IRS. The final form may be distributed either in paper or electronic form in any manner deemed appropriate by the Organization's CEO. After the final version of the Form 990 has been distributed pursuant to paragraph III above, management staff will cause the final Form 990 to be filed as required.”

“Each director, officer, top management official, top financial official, and key employee of the Organization shall anually sign a statement that: 1 affirms that the person has received a copy of the conflict of interest policy, has read and understood the policy, and has agreed to comply with the policy; and 2 discloses the person's financial interest and family relationships that could give rise to conflicts of interest.”

“The chief executive officer of the Learning Enrichment & Academic Resources Network (LEARN), referred to as the Organization, is the principal representative of LEARN, and the person responsible for the efficientoperation of the Organization. Therefore, it is the desire of the Organization to provide fair yet reasonable compensation for the chief executive officer. The process for determining compensation is as follows: The executive committee of the Organization shall evaluate the chief executive officer on his/her performance, and ask for his/her input on matters of performance and compensation. The executive committee will obtain research and information to make a recommendation to the full board for the compensation (salary & benefits) of the CEO and other highly compensated employees or consultants based on a review of comparability data. The executive committee will secure data that documents compensation levels and benefits for similarly qualified individuals in comparable positions at similar organizations. This data may include the following:1. Salary and benefit compensation studies by independent sources2. Documented telephone calls about similar positions at both nonprofit and for profit organizations; and3. Information obtained from the IRS Form 990 filings of similar organizations.To approve the compensation for the CEO and other highly compensatied employees and consultants the board must document how it reached its decisions including the data on which it relied in minutes of the meeting during the which the compensation was approved. Documentaion will include:a. a description of the compensation and benefits and the date it was approved.b. the members of the board who were present during the discussion about compensation and benefits, and the results of the vote;c. a description of the comparability data relied upon and how the data was obtained; andd. any actions, such as abstaining from discussion and vote, taken with respect to consideration of the compensation by anyone who is otherwise a memmber of the board but who had a conflict of interest with respect to the decision on the compensation and benefits.The Chair of the board who is a volunteer and not compensated will operate independently without undue influence of the CEO.No member of the executive committee will be a staff member, relative of staff member or have any relationship with staff that could present conflict of interest.”

“The following documents will be made available to the public upon request without charge at the Organization's principal offices during regular busibness hours:a. articles of organization and all amendments;b. bylaws and all amendmentsc. conflict of interest policy;d. Form 1023 and all attachments;e. Form 990 and all schedules; andf. Audited financial statements”