The Early Learning Institute

“Kelly vavasori of southwestern pa human services manages the books of the early learning institute as part of a purchase of service agreement between both organizations.”

“The form 990 is reviewed by the director of finance, the executive director, and the legal committee of the board of directors, approved by the finance committee of the board of directors, and then submitted to the entire board of directors for final approval.”

“The conflict of interest policy states that it shall be the responsibility of the president to review each of the disclosure statements filed and signed annually by each director, officer, trustee and employee with the authority to bind the corporation financially. Any perceived conflicts of interest are brought to the attention of the board. In addition, each director, officer, trustee and employee with the authority to bind the corporation financially shall sign a statement at least annually that the person received a copy of the policy, has read and understands the policy, and agrees to comply.”

“The compensation arrangement is approved in advance by an approval body composed entirely of individuals who do not have a conflict of interest with respect to the compensation arrangement. The approval body relies on comparability data that demonstrate the fair market value of the compensation in question. Non-cash compensation is considered in the analysis. The approval body documents how it reached its decisions, including the data on which it relied.”

“The financial statements are made available through the annual report, which is made available on the website, and through guidestar, an outside website. The conflict of interest policy and the governing documents are available upon request.”

“The organization discontinued operations of the penn center preschool program after the completion of the 2014 - 2015 school year. The operations of the program resulted in a net decrease in net assets of $242,205 for the year ended june 30, 2015. As the program was discontinued upon close of the tax year, the program's operations have not been included in revenues and expenses as reported on the financial statements or this form 990 for the year ended june 30, 2015. Rather, the $242,205 has been listed as a "deficiency of support and revenue in comparison to expenses - discontinued operations" on the financial statements for the year ended june 30, 2015, and subsequently reported on form 990 part xi line 9 as an other change in net assets.”

“Discontinued operations -242,205.”

“There were no changes to this process for 2014-2015.”