Learn to Be Foundation

“Procedure for Preparation and Review:1.Preparation: The Operations Director, in collaboration with the nonprofit's bookkeeper and CPA, is responsible for ensuring the timely preparation of Form 990.2.Review: A draft of the Form 990 will be provided to the Board Chair and Treasurer for review before submission. Any questions or concerns will be addressed, and necessary changes will be made.3.Board Awareness: The final Form 990 will be shared electronically with all board members before filing to keep them informed.Filing & Distribution:1.Once reviewed, the Executive Director will authorize the filing of Form 990 with the IRS before the required deadline.2.A copy of the filed Form 990 will be made available to the full Board of Directors.”

“1. Duty to DiscloseEach Member, Director, Officer, Employee, and any other Interested Person is under an obligation to disclose the existence or potential existence of a Conflict of Interest as it arises.2. Investigating ConflictsWhen a potential Conflict of Interest is disclosed, the Governing Board will then provide the individual with an opportunity to disclose all material facts. The Board will collect all pertinent information and question the involved parties. If it turns out that a conflict does not exist, the inquiry will be documented but no further action will be taken.3. Addressing a Conflict of InterestIf the Board determines that a conflict of interest exists, they will take the appropriate actions to address the conflict. This may include (but not be limited to): (a) prohibiting any Interested Parties from voting on any matter related to said Conflict of Interest or (b) terminating employment with Learn To Be Foundation.Affected parties both within and outside of Learn To Be Foundation, including shareholders, directors, employees, and independent contractors, will be notified. If the Conflict of Interest in question involves a member of the Board, that individual will be excused from deliberations.4. Disciplinary ActionAll conflicts of interest will be reviewed on a case-by-case basis. The board has full discretion to deem what disciplinary action is appropriate and necessary for disclosed conflicts of interest.If the governing officers reasonably believe a member or staff member failed to disclose an existing or possible Conflict of Interest, it shall inform the individual of the rationale for such belief and grant the individual an opportunity to explain the alleged failure to disclose the Conflict of Interest.After hearing the individuals response and investigating further as warranted by the circumstances, the governing officers may take appropriate disciplinary action, including removal from the position at the organization.5. Notice of Annual StatementsEvery Member, Director, Officer, Employee, and any other Interested Person must sign a Conflict of Interest Disclosure Statement upon said individuals term of office, employment, or other relationship with Learn To Be Foundation and must do so annually. Failure to sign does not nullify the policy.”

“Compensation Analysis: To determine the appropriateness of compensation, the Board shall conduct an analysis that includes a comparison to similarly structured nonprofit organizations, taking into account: Mission alignment; Budget size and financial resources; Job descriptions, responsibilities, and required expertise;and industry standards and market conditions. The Board may use compensation surveys, third-party consultants, or other benchmarking data to ensure that salaries are reasonable and appropriate based on these factors.”

“Documents available upon request”