College Horizons Inc

“Committees of the board do not have authority to act on behalf of the governing body.”

“A draft of the Form 990 is provided to at least two officers for review prior to filing. The Form 990 is provided to the full board at their next meeting.”

“Annually officers, directors and key employees sign a statement which affirms such person a) has received a copy of the conflict of interest policy; b) has read and understands the policy; c) has agreed to comply with the policy; and d) understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities that accomplish one or more of its tax exempt purpose.”

“Independent members of the board of directors periodically reviews the Executive Director's compensation by reviewing compensation of similar organizations for equivalent position in the same community, geographic area and operational budget. The uniqueness of the Executive Director's background, education and experience is also considered. The Executive Director's job performance an prior compensation arrangements are also reviewed along with the overall budget and financial health of the organization. This process is documented.”

“Governing documents, policies, financial statements and the IRS Form 990 are made available to the public upon request within three working days of the date the request was made”

“College Horizon changed the accounting method of recognizing revenue and expenses related to the summer hosted college events. Due to this we ended the June 30, 2016 fiscal year with a deficit. There was $198,263 of revenue that was recognized in the subsequent fiscal year which would have been included in the June 30, 2016 fiscal year under the previous accounting method. College Horizon's board of directors has approved a change in fiscal year end from June 30 to August 30 to better account for the summer programs in one fiscal year. This change will require a short year from July 1, 2016 through August 31, 2016.”