Banyan Tree Educational Services

“The organization was founded by 3 individuals who made up the board of directors and served in that capacity until 2012. They all received compensation as active employees of the organization. In February, 2012 a new governing board was created. This new board is made up of individuals independent of the organization that serve with no compensation. The original founders serve as members of a management board, dealing with day to day operations. The management board is accountable to the governing board.”

“The tax return was reviewed by board members at a meeting prior to approval and submission to the IRS.”

“Governing documents, policies and financial information is made available as required upon written request.”

“During the first year of operation the compensation of the key employees, who were also members of the founding board, was determined by comparison of average teacher salaries in 3 largest school districts in county. The administrator's salary was compared to administrator salaries of 3 other nonpublic schools. The salaries actually paid were reduced substantially from the comparative information based available anticipated funds per budget. Beginning in 2012 the board approved the salaries of the key employees as part of the budget approval process.”

“During 2011 the founding board was kept aware of all conflicts of interest and approved related activity. During 2012 the new governing board adopted a formal written conflict of interest policy, whistleblower policy and document retention policy.”