Smart Beginnings South Hampton Roads

“Drafts are emailed to the board for their review and approval prior to final submission.”

“New board members are given a copy of the conflict of interest policy to read. The members then complete and sign the conflict on interest disclosure statement. Annually board members are instructed to read the conflict of interest policy and sign a new conflict of interest disclosure statement.”

“The executive committee meets and approves officer wages after a review of data regarding salaries for individuals managing organizations with similar responsibilities and budget oversight.”

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

“Sbshr was never intended to be a long-standing nonprofit and has worked over the last seven years to be the change agent, advocate, and fundraiser for early education with the goal of raising kindergarten readiness levels. While sbshr will cease to exist, the work will continue, carried on and championed by the municipalities. Sbshr has concluded its work and dissolved as of january 31, 2014. After organizational obligations were met, any excess grant funds were donated to other non-profit organizations to carry on existing programs or other early childhood education initiatives. During the four months ended january 31, 2014, sbshr contributed $270,845 to a related non-profit organization for this purpose.”

“Form 990, part xi, line 2c: the executive committee assumes responsibility of the oversight of the audit of financial statements.”