Escuela Bilingue Internacional

“The organizations bylaws were amended on june 1, 2023 to revise section 4. Type, number and tenure of the trustees to "b. Size. The size of the board will be between 7 and 21 trustees" (from "b. Size. The size of the board will be between 13 and 21 trustees").”

“Ebi's accounting firm sends the complete copy and public disclosure copy of form 990 to the board treasurer. The board treasurer then sends and makes the public disclosure copy of form 990 available to the other board members for their review prior to filing. Board members are encouraged to review the public disclosure copy of form 990 and forward questions to the treasurer. Either the treasurer or the accounting firm will address the questions from the board.”

“The conflict of interest policy applies to interested persons, which include any trustee, director, principal officer, member of a committee with governing board delegated powers, or any member of the administration of the organization who has a direct or indirect financial interest. Interested persons are required to disclose the existence of any financial interest and be given the opportunity to disclose all material facts to the trustees, directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. If a conflict is determined to exist, the chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the governing board or committee shall determine whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“The directors do not receive compensation or benefits. Compensation and benefits for officers and key employees were determined by comparison with benchmark data from similar schools' forms 990 and independent consultant input.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”