The Longboat Key Education Center Inc

“DAUGHTER”

“1.)990 prepared by cpa and transmitted to treasurer”

“2.) treasurer reviews form 990 and if any questions/comments discusses with cpa and executive director.”

“3.) after treasurer review and approval of executive director, copies of form 990 are distributed to all board members.”

“4.) with approval of treasurer and executive director and properly executed form 8879-eo, cpa files return electronically with irs”

“5.) presentation made by treasurer to the board of directors during the next scheduled board meeting.”

“6.) treasurer addresses any questions from board members; if no further discussion, board moves to accept the 990 as prepared and filed electronically with the irs.”

“Enforcement of conflicts policy”

“Monitoring-per article iv-records of proceedings & disclosure in minutes”

“Per article vi-annual signed statement”

“Per article vii-periodic review”

“Per article viii-use of outside experts may be warranted for periodic reviews”

“Enforcement-per article i-policy is intended to supplement but not replace any applicable state or federal laws applicable to non profit organizations”

“Per article -iii duty to disclose, determine and address the conflict; reasonable cause-inform the member and afford the member an opportunity to explain the alleged failure to disclose; depending on the hearing, response and further investigation, the govrning board shall take appropriate disciplinary action if there is a violation of the organization's conflict of interest policy”

“Compensation process for top official”

“1.) annual review for executive director done by hr committee”

“2.) hr committee prepares report & recomendations to the board of directors”

“3.) board of directors excuses executive director from meeting for further discussion and action to accept or modify recommendations from the hr committee”

“4.) board of directors action is documented in minutes and executive director is informed of the decision/action taken”