Acld Inc.

“Acld, inc. Updated the bylaws to reflect the following significant changes: - updated the organization's mission statement. - added term limits for officers and directors: officers are now limited to two successive terms (four years total), and directors may not serve more than two consecutive full two-year terms. - established a minimum board size (five members) in addition to the existing maximum. - updated the process for removal of directors and added a provision allowing the chairperson to request the resignation of directors with a pattern of non-participation. - revised the list of standing committees. - expanded the definition of parent representative to include parents of current or former students. - incorporated new and updated policies as appendices, including a conflict of interest policy, ethical standards policy, and financial policies and procedures.”

“The draft form 990 and required schedules are reviewed by acld's internal management and audit committee. Upon completion of this review, a complete copy of the form 990 is provided to the board of directors before filing with the internal revenue service.”

“Personnel including acld board members must promptly disclose when they or a member of their family have a financial interest in an organization doing or seeking to do business with acld, or competing with acld, to their supervisors and acld's business office.”

“Acld's process for determining compensation of the organization's executive director, officers, and key employees includes a review of the united way salary survey as well as the salaries of local education administrators. In addition, the compensation is reviewed and approved by acld's program, personnel, and compensation committee. An independent consultant assists in determining compensation for the executive director. All compensation-related decisions are documented in the meeting minutes for the program, personnel, and compensation committee.”

“The financial statements are available upon request to the public. The organization is currently developing a new website for acld, inc. And will be posting governing documents, financial statements, and the conflict of interest policy on the new website in the near future.”

“The organization's financial statements are audited by an independent accounting firm. The finance committee reviews proposals from accounting firms to choose a firm to perform the annual audit, conducts an exit interview at the conclusion of the audit fieldwork and reviews the completed audit with the full board. This process has not changed from the prior year.”