Out Teach

“The form 990 is initially reviewed by the chief financial and operating officer and the chief executive officer. The document is refined then distributed to the finance committee for review and comment. After the finance committee is satisfied, the full board of directors is provided a copy to review and comment on if needed. The form 990 is then finalized and submitted to the internal revenue service.”

“All new employees are briefed about the conflict of interest policy as part of an orientation about standards of professional conduct for the organization. The conflict of interest policy is reviewed annually with all employees and the board of directors. At this time, each director, officer and employee is asked to acknowledge in writing their understanding of the policy. In addition, each director, officer and employee is asked to complete a disclosure form that identifies any relationships, positions, or circumstances that might represent a conflict of interest. The chief financial and operating officer serves as the compliance officer for the organization, investigating any reported violations to the conflict of interest policy. Findings are presented to the board of directors, including the chief executive officer, and appropriate corrective actions are determined. Possible corrective actions include formally ending external relationships that present a conflict of interest or voluntarily exiting from the board or company.”

“The chief executive officer and chief financial and operating officer establish compensation and benefits for employees in the organization, based on market rate range, experience, and results demonstrated by the candidate. The chief executive officer presents a personnel budget to the board of directors for their input and approval. Reviews of the ceo are conducted by the board chair, and documented in the board's meeting minutes. The compensation of the chief financial and operating officer is established using this same criteria by the chief executive officer.”

“Out teach's governing documents, policies and financial statements are made available to the public upon request.”

“The finance committee assumes responsibility for oversight of the audit and selection of an independent accountant. This process has not changed from the prior year.”