Unknown Organization

“Each board member receives a copy of the full 990 prior to filing for their review. Upon final approval by the board, the form 990 is signed by the officer of the organization and filed.”

“The organization's conflict of interest policy is distributed to each board member on an annual basis. The board members are required to disclose any relationship that could potentially be a violation of the policy and recuse themselves during any discussion and action taken during a meeting if they have a conflict of interest.”

“The compensation for the top executive position is reviewed and approved by the board of directors and is based on experience, education, and other comparable data for similarly qualified individuals at other institutions. For the year ended december 31, 2013, the organization did not compensate any current officer, director, executive.”

“The organization makes its form 1023 and form 990 available for public inspection upon request during regular business hours at the organization's office. In addition, these documents are available via third-party websites such as guidestar.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request during regular business hours at the organization's office.”

“A former board member is managing member of salesses buchanan, llc, which has loaned the organization $1,600,000 for the acquisition of land to build a residential charter school for foster teens. The interest rate on the note is 5% per annum. The note is secured by a first deed of trust on the 114 acre property in los alamos, ca. The balance due to the llc as of december 31, 2013 totaled $1,758,500 including $158,500 of accrued interest. Any unpaid interest and principal are due in full upon sale, transfer, or conveyance of all or any portion of the property. Interest payments made to salesses buchanan, llc for the year ended december 31, 2013 totaled $0. Prior year payments and accrued interest due have been capitalized as part of the land development related to the residential charter school for foster teens.”

“The organization has 11 volunteer board members that serve on various committees to assist the organization with decision making related to program and finance related issues.”