Delaware Valley Educational

“Delaware valley educational telecommunications network ("dvetn") has two members, saint joseph's university and the source for learning, inc. Each of dvetn's members are: (i) tax expempt under the internal revenue code (the "code") as organizations described in 501(c)3 of the code and (ii) organizations that qualify as public charities.”

“Pursuant to dvetn's bylaws, its members elect the individuals who servce on dvent's board of directors. Currently, saint joseph's university has two members and the source for learning, inc. Has one member on the board of directors.”

“As a membership organization with saint joseph's university and the source for learning, inc. As the members, pennsylvania non profit corporation law reserve to the members certain fundamental rights, such as the right to change the articles of incorporation of dvetn, dissolve dvetn, merge the entity, divide the entity, etc.”

“The form 990 has been provided to and reviewed by the full board prior to filing.”

“All members of the board are required to review and sign the conflict of interest policy on an annual basis.”

“The organization will make available to the public any governing documents, conflict of interest policy, or financial statements upon request.”

“The average hours per week listed in this section are a minimum.”

“Instructional telecommunication & incidental services to students & staff in accredited public & private schools.”

“Upon review of the beginning balances of part x, the balance sheet, it was determined the fy18 and fy19 prepaid expenses and deferred revenue were reported incorrectly. Prepaid expenses and deferred revenue for fy18 were each reported as $627,348 and should be $1,011,707 and $1,012,645, respectively. Prepaid expenses and deferred revenue for fy19 were reported as $264,602 and $265,540, respectively, and should be $1,210,701 and $1,211,008, respectively. The net of each reporting change on the balance sheet is immaterial.”