Emerging Tar Heel Leaders Inc

“In june 2021, educationnc's board of directors voted unanimously to amend the bylaws to align the board governance with educationnc's work on diversity, equity, and inclusion. The executive committee became the board, and the board became the strategic council. The new board with nine members will share power. The positions of chair and secretary/treasurer will rotate from one board meeting to the next, guaranteeing each person on the board the opportunity to serve as chair at some point in their tenure. The distribution of power is balanced by a distribution of accountability. The board will meet monthly with updates on finances and personnel. The board will have a leadership committee made up of three members of the board, which will make nominations to the board and strategic council. A smaller board with distributed power serves to reinforce educationnc's commitment to journalistic independence. Each board member will serve one three-year term. The former board will operate as educationnc's strategic council going forward. Each member of the strategic council may serve two three-year terms. Terms are staggered to provide both continuity and new voices. The board and strategic council will meet together three times a year.”

“Form 990 review process: the accounting firm submits a draft tax return to the ceo and chair of the board, who review the draft and prepare comments and questions for the firm. After the comments and questions are answered and resolved, the return is finalized by the accounting firm. A copy is sent to the board of directors for review, comments, and questions. The board approves the final form 990 which is then submitted to the irs.”

“Process for monitoring conflict of interest policy: each member of the board or directors is asked to sign a conflict of interest disclosure form at the beginning of his/her term. The conflict of interest statements are signed again at the first board meeting of each fiscal year.”

“Making information available to the public: the organization makes its audited financial statements and form 990 tax return available on its website. Governing documents and the conflict of interest policy are available upon request to the ceo. The form 990 tax return is also available on guidestar's website.”

“Contracted services: program service expenses 381,484. Management and general expenses 2,092. Fundraising expenses 54,000. Total expenses 437,576.”

“Outside contract services include writing, editing, research, engagement and marketing, software and web development, and fundraising”

“The organization has not changed its oversight process or selection process during the tax year.”