Uncommon Knowledge and Achievement Inc

“The organization's federal form 990 was provided to and made available to its audit committee for review by its members prior to filing with the irs. Subsequent to the audit committee review, the organization made its 990 available to all members of its board of directors for their review. The audit committee has the responsibility to oversee, revise and approve the federal form 990, including the preparation, review and filing process. As part of the tax return preparation process the organization hired a professional cpa firm with experience and expertise in not-for-profit tax return preperation to prepare the federal form 990. The cpa firm prepared a draft federal form 990 and furnished it to the organization's finance personnel and other individuals for their review. The organization's finance personnel and other individuals reviewed the draft federal form 990 where necessary and a final draft was furnished by the cpa firm to the organization's finance personnel and various other individuals for final review and approval prior to presentation of the federal form 990 to the organization's audit committee and thereafter provided to all members of the organization's board of directors.”

“The organization regularly monitors and enforces compliance with its conflict of interest policy annually. All members of the board of directors, officers and senior management personnel are required to review the existing conflict of interest policy and complete a questionnaire. The completed questionnaires are returned to the organization's cfo for review. The organization's cfo prepares a summary of the completed questionnaires which contains information disclosed on an individual by individual basis. Thereafter, the organization's cfo presents this summary to the board of directors for its review and discussion.”

“The organization had no paid employees during its most recent fiscal year. Certain staff employed by a related organization are considered officers of the organization. Should the organization hire paid employes in the future, compensation for the ceo would be determined as follows. Compensation for the ceo is discussed and determined by the board of directors, taking into account compensation packages of comparable organizations. The board discusses the ceo's compensation and applicable comparable salary data. The independent board members then determine the compensation without the non-independent board members present. The offer of employment for the ceo is formally extended by the board chair. Compensation for the coo is also determined by the board of directors, with input and suggestions from the ceo, taking into account compensation packages for comparable positions at comparable organizations. This methodology would also be used for future officers and key employees, if and when applicable.”

“The organization makes its 990 and financial statements available to the public upon request.”

“Uka collaborates with universities, colleges and other authorized educational bodies ("accredited partners") to create teacher training programs that offer teacher certification and/or a master's degree. The accredited partner is the higher education institution that offers and confers master's degrees on qualified educators. Uka supports relay graduate school of education ("relay") and its teacher and school leaders training programs that lead toward certification and/or a master's degree. In addition, uka had made grants and anticipates in the near future making grants to support the instruction or training of individuals and of organizations described in code sections 170(c) (1) and 501(c) (3) on topics that further the charity's tax-exempt purposes. To support activities currently underway or anticipated for the future, uka has offered grants, scholarships and/or fellowships; and may (i) hold seminars and/or conferences; (ii) disseminate educational materials to educate the public on related subjects; (iii) cooperate with other charitable organizations, whether local, national, or international, for any of the foregoing purposes; iv) engage in fundraising activities; and/or (v) conduct any other activities that may be necessary, useful, or desirable for the furtherance or accomplishment of the foregoing activities so long as such activities would not endanger the charity's not-for-profit or tax-exempt status.”

“Uncommon knowledge and achievement, inc.'s ("uka") mission is to launch and support new education-focused organizations committed to creating learning opportunities for young people. Uka promotes the use of innovative methods to model, teach, and reinforce in young people the attitudes, skills, and content knowledge they will need to be successful in life. To that end, uka works to enhance curriculum, learning tools, faculty recruitment and training, assessment, technology used in education, research, teacher recruitment methods and other materials and processes involved in improving learning opportunities for students.”

“In its fiscal year ending june 30, 2014, uka began to support other education-related organizations, specifically around three projects. Uka launched a college scholarship and success program that supports academically talented, highly motivated students with financial need in their efforts to attain a four-year college degree. Uka expects the first cohort of students to participate in a college preparatory summer academy in the summer of 2015. Uka began to support an early stage education technology nonprofit organization that is building a revolutionary digital learning experience for k-8 students. Uka is providing financial and shared services support for the organization. Uka facilitated and supported the launch of a new education organization that recruits talented and diverse students for a summer teaching training program. The new venture is a separate and unrelated nonprofit organization that ran a pilot program in the summer of 2014. Uka is providing financial and shared services support for the organization.”

“Consultants: program service expenses 139,703. Management and general expenses 0. Fundraising expenses 0. Total expenses 139,703. Other fees : program service expenses 0. Management and general expenses 1,460. Fundraising expenses 0. Total expenses 1,460.”

“The process is consistent with prior year.”