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 april 2017, the board received executive compensation advisory services from cliftonlarsonallen (cla). Cla 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 46,855. Management and general expenses 8,558. Fundraising expenses 2,853. Total expenses 58,266. Contract other: program service expenses 324,471. Management and general expenses 108,241. Fundraising expenses 8,023. Total expenses 440,735. Contract - travel: program service expenses 7,074. Management and general expenses 2,399. Fundraising expenses 34. Total expenses 9,507. Website design: program service expenses 37,985. Management and general expenses 13,638. Fundraising expenses 2,374. Total expenses 53,997. Benefit administration expense: program service expenses 11,351. Management and general expenses 2,447. Fundraising expenses 391. Total expenses 14,189. Payroll administration expense: program service expenses 116,251. Management and general expenses 29,026. Fundraising expenses 4. Total expenses 145,281. Recruitment and selection: program service expenses 16,139. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,139. Security service: program service expenses 46,105. Management and general expenses 0. Fundraising expenses 0. Total expenses 46,105. Site investigation: program service expenses 1,498. Management and general expenses 281. Fundraising expenses 93. Total expenses 1,872.”

“Transfer of eei real estate holdings: fidelis, llc net assets 189,253.”