Waicu Educational Technology Consortium Inc

“The board of directors may by appropriate resolution designate one or more committees, each of which shall consist of three (3) or more directors, which to the extent provided in said resolutions or in these bylaws, shall have and may exercise, when the board of directors is not in session, the powers of the board of directors in the management of the affairs of the corporation, except action with respect to election of officers, filling of vacancies in the board of directors, or the formation of or filling of vacancies in committees with limited board authority pursuant to this subsection. The board of directors may elect one or more directors as alternate members of any such committee, who may take the place of any absent committee member or members at any meeting of such committee. The designation of such committee or committees and the delegation thereto of authority shall not operate to relieve the board of directors or any individual director of any responsibility imposed upon the board of directors or any individual director by law.”

“A draft of form 990 is posted to a web portal at least one week prior to a board meeting. An email is sent to the board of directors notifying them of the form's availability for review and comment. During the board meeting, a representative of the auditing firm is available to discuss the form and answer any questions posed. Once the board agrees with the form, they authorize waicu to proceed with filing with the irs. The board action is recorded in the minutes.”

“Annually, all directors, officers, and key employees complete a form to disclose all conflicts of interest. The completed and signed forms are reviewed and retained at the waicu office.”

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