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 july 2023, 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 will additionally review 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 54,512. Management and general expenses 10,032. Fundraising expenses 3,344. Total expenses 67,888. Contract other: program service expenses 845,851. Management and general expenses 60,036. Fundraising expenses 7,305. Total expenses 913,192. Benefit administration expense: program service expenses 17,276. Management and general expenses 3,871. Fundraising expenses 448. Total expenses 21,595. Payroll administration expense: program service expenses 140,798. Management and general expenses 35,199. Fundraising expenses 0. Total expenses 175,997. Recruitment and selection: program service expenses 17,979. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,979. Security service: program service expenses 48,278. Management and general expenses 0. Fundraising expenses 0. Total expenses 48,278. Contract travel: program service expenses 4,733. Management and general expenses 440. Fundraising expenses 231. Total expenses 5,404.”