Prevention Education Inc.

“The Organization has no committees with the authority to act on behalf of its governing body.”

“A draft copy of the Form 990 is emailed to board members prior to a board meeting. At the board meeting the form is reviewed and any questions that the board has are addressed by the Finance Officer or the Certified Public Accountant who prepares the form. Once the form has been approved by the board, it is filed with the IRS.”

“Annually, copies of the Conflict of Interest Policy are distributed to board members at the January board meeting. The policy is reviewed by the Operations Officer at the meeting. The board members then complete the form and return it to the Operations Officer. In addition, copies of the policy are distributed to staff at the December staff meeting. The staff is asked to review and complete the form. A copy of the policy is given to and reviewed with new staff upon hire. Any changes to the Conflict of Interest Policy would be reviewed and approved by the board.”

“The Executive Committee of the board of trustees meets in closed session to review and discuss the Executive Director's annual performance and compensation. The discussion is based, in part, on the Executive Director's compensation as compared to directors of other local organizations. The board obtains information periodically from a third party/outside source on compensation paid to executive directors of other similarly sized not-for-profit organizations in the community. After the discussion, recommendations are made and voted on by the board members. Minutes of the meeting are taken by the Secretary of the board and, at the following meeting, are approved by the board. There are no other officers or key employees of the Organization.”

“A packet of documents including the Conflict of Interest Policy and the past three years' Financial Statements and 990s are kept on file and available to anyone requesting a copy. The Organization's website notifies any interested party of their availability.”

“The Organization has adopted the principles of FASB ASU No. 2016-14 (ASC958) for its audited financial statements for the periods ended December 31,2018 and 2017. To date, Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus we have included the net asset categories in our audited financial statements on existing Form 990, Part X, Lines 27-29 as follows: 2018 2017 Net assets without donor restrictions $ 494,916 $ 538,997 Net assets with donor restrictions 34,820 45,626 Total net assets $ 529,736 $ 584,623 Unrestricted net assets $ 494,916 $ 538,997 Temporarily restricted net assets 34,820 45,626 Permanently restricted net assets 0 0 Total net assets $ 529,736 $ 584,623”

“The Organization has not changed its oversight process or selection process of the independent accountant during the tax year.”