The Harrisburg Academy Foundation

“The organization does not grant authority to any of its committees to act on behalf of the governing body.”

“The officers of the board will receive the form 990 via e-mail and have time for review prior to its filing.”

“No director, officer or member of a committee, of the foundation shall maintain substantial personal or business interests which conflict with those of the foundation. In addition, any director, officer, employee or committee member having an interest in a contract or other transaction presented to the directors or a committee for authorization, approval or ratification shall give prompt, full and frank disclosure of his or her interest to the board of directors or committee prior to its acting on such contract or transaction. The body to which such disclosure is made shall thereupon determine, by majority vote, whether the disclosure shows that a conflict of interest exists or can reasonably be construed to exist. If a conflict is deemed to exist, such person shall not vote on, nor use his personal influence on, nor participate other than to present factual information or to respond to questions in the discussions or deliberations with respect to such contract or transaction. Such person may not be counted in determining the existence of quorum at any meeting where the contract or transaction is under discussion or is being voted upon. The minutes of the meeting shall reflect the disclosure made, the vote thereon and, where applicable, the abstention from voting and participation, and whether a quorum was present. On an annual basis, members of the board receive a certificate of acknowledgement to be signed indicating that they understand and will comply with the conflict of interest policy. The process is monitored by the board chairman.”

“The organization makes its governing documents and financial statements available to the public upon request.”

“The harrisburg academy foundation does not have a written document retention and destruction policy; however, follows the nais (national association of independent schools) guidelines in regards to document retention and destruction.”

“The organization did not have any instances where backup withholding was required; however, if the situation would arise, the organization is aware of the reporting requirements and would handle that accordingly.”

“Book/tax difference on sale of investments -89,762.”

“The financial statements of this organization are included in the consolidated financial statements of the harrisburg academy. The audit committee of the harrisburg academy assumes the responsibility for oversight of the audit and the selection of an independent accountant.”