Mundo Verde Bilingual Public

“The president, vice president, secretary and treasurer will be voting members of the executive committee. The executive director will be an ex officio non-voting member of the executive committee. The president will be the chair of the executive committee. When the board of directors is not in session, the executive committee will have and may exercise all of the powers of the board of directors, except to the extent, if any, that such authority is limited by resolution of the entire board of directors; provided, however, that neither the executive committee nor any other committee will have the power to amend the articles of incorporation or these bylaws; approve the annual budget, capital expenditures or outlays in excess of $25,000; initiate or terminate the services of employees or the executive director; elect new or remove existing directors or officers, or extend officer terms of office; create or dissolve committees, or appoint or remove committee chairs; change the purpose of the corporation or dissolve the corporate existence of the corporation; enter into contracts or sue other entities; adopt or eliminate programs of mundo verde. All actions of the executive committee will be reported to the board of directors at its next regular meeting and any motion to reconsider any action so reported will be in order if made by any director.”

“Edops, mundo verde's accounting and finance vendor, completes a full review of the 990. Afterwards, the executive director and chief operating and sustainability officer complete a review to determine if the information represented is correct and accurate. Finally, the information is presented to the board for final approval.”

“All directors, officers, and employees are required to report and disclose any interests in a contract or other transaction or program presented to or discussed by the board or board committee for authorization, approval, or ratification prior to the board or committee acting on the contract or transaction. The disclosure must include all relevant facts and materials known to the person that might reasonably be seen as adverse to the school's interest. The board or board committee, by majority vote, will then determine whether a conflict of interest exists or may reasonably be seen to exist. The minutes of the meeting will reflect the disclosure made, the vote thereon, and, when applicable, the abstention from voting and participation of the person with the conflict of interest.”

“The board of directors reviews the executive director's compensation, using comparability data, and contemporaneously documents the deliberation and decision. This process to determine compensation of the executive director was last done in april 2021. The executive director determines the salary of any other officers of the school. A comphrensive study 3rd party review study of all salaries was conducted in spring 2024. This informed decision regarding salaries for the executive director and all other staff beginning july 1, 2024.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Change in fair value of interest rate swap 2,231,685.”

“Process has not changed since prior year.”