First Community Foundation F/K/A Eastside Community Learning Center

“Director sawyer is a principal of westover capital advisors llc which provides investment advice for accounts of directors mcdowell and riley.”

“The foundation's charter and bylaws provide that the directors of the corporation shall also be its "members".”

“Under delaware law, "members" of a non-stock corporation have the authority to elect the governing body of the corporation.”

“Under delaware law, "members" of a non-stock corporation have the authority to elect the governing body of the corporation.”

“The form 990 was prepared by the foundation's outside accountants in consultation with the foundation's directors and management. The 990 was made available to all board members for review and comment to the chairman of the board and the audit committee before the filing.”

“Directors complete and file an annual conflict of interest disclosure statement.”

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

“Lamont browne, as the head of school of eastside charter school is an ex officio, non-voting, director of the foundation.”

“East side community learning center foundation is controlled by eastside charter school (a public charter school of the state of delaware) and therefore the two are "related organizations". Lamont w. Browne, an ex officio, non-voting director of the foundation, serves as the head of school of eastside charter. However, all charter school personnel are employees of the state of delaware for tax purposes and dr. Browne receives all of his "reportable compensation" for services to eastside charter ($132,873 salary and bonus plus $55,520 benefits including pension, health insurance and payroll taxes) from the state of delaware. The state of delaware is not a "related organization" to the foundation. Dr. Browne receives no compensation from the foundation.”