Educational Enterprises Inc

“After the form 990 has been completed by management and our auditors, it is distributed for final review to board via email prior to submission”

“The board will allow the presentation of those involved with the conflict of interest to plead their case. After this discussion, the individual presenting the conflict must leave the meeting during the decision and the vote on the transaction involving the coi. The board may appoint dis-interested parties to search for alternatives if no advantageous results are found. The board may accept the coi if the board identifies a conflict of interest that was not presented and it shall inform the member of such belief and afford the member the opportunity to explain the failure to disclose. The board shall take all disciplinary and corrective action to deal with coi.”

“In june 2016, the board received executive compensation advisory services from aon hewitt. Aon provided guidance by outlining the compensation of the officers of the organization. All board members that are compensated through the organization are excused and the decision is made using this compensation schedule. In subsequent years, the board has additionally reviewed salary data from the charter school growth fund for similar sized and comparable organizations.”

“Governing documents, conflict of interest policy, and financial statements are available upon request.”

“Computer support: program service expenses 60,736. Management and general expenses 11,008. Fundraising expenses 3,669. Total expenses 75,413. Contract other: program service expenses 501,885. Management and general expenses 126,066. Fundraising expenses 11,128. Total expenses 639,079. Contract - travel: program service expenses 9,364. Management and general expenses 2,309. Fundraising expenses 465. Total expenses 12,138. Website design: program service expenses 62,494. Management and general expenses 23,433. Fundraising expenses 3,906. Total expenses 89,833. Benefit administration expense: program service expenses 1,809. Management and general expenses 452. Fundraising expenses 0. Total expenses 2,261. Payroll administration expense: program service expenses 96,670. Management and general expenses 24,128. Fundraising expenses 0. Total expenses 120,798. Recruitment and selection: program service expenses 21,589. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,589. Security service: program service expenses 15,450. Management and general expenses 7. Fundraising expenses 2. Total expenses 15,459. Site investigation: program service expenses 1,249. Management and general expenses 234. Fundraising expenses 78. Total expenses 1,561.”

“Transfer of eagle mesa property, llc net assets 538,923.”

“The board of directors has assumed responsbility for the selection of auditors and oversight of the annual audit. This process has not changed since the prior year.”