Wonderful College Prep Academy

“The wonderful company llc wonderful citrus llc board chair board member employees of related companies”

“The resnick foundation, a california nonprofit public benefit corporation, is the sole statutory member of this corporation (the "statutory member") as the term "member" is defined in section 5056 of the california nonprofit corporation law. The membership of the statutory member in the corporation is not transferable.”

“The statutory member (as defined in section 5056 of the california nonprofit public benefit corporation law) has the right to elect or appoint members of the board of directors and the chairperson of the board, to remove members of the board of directors and the chairperson of the board, to vote on the disposition of all or substantially all of the corporation's assets, to vote on any merger and its principal terms and any amendment of those terms, and to vote on any election to dissolve the corporation, and as otherwise required under the california nonprofit public benefit corporation law and/or set forth in the bylaws.”

“The board shall not, without the prior written approval of the statutory member, authorize or direct any officer of the corporation to perform or commit any of the following acts: a. Borrow money in the name of the corporation for corporate purposes in excess of two hundred and fifty thousand dollars (250,000) or utilize property (real or personal) owned by the corporation as security for loans in excess of two hundred and fifty thousand dollars (250,000); b. Assign, transfer, pledge, compromise or release any of the claims of or debts to the corporation in excess of two hundred and fifty thousand dollars (250,000) except on payment in full, or arbitrate or consent to the arbitration of any dispute or controversy of the corporation in excess of in excess of two hundred and fifty thousand dollars (250,000); c. Make, execute or deliver any assignment for the benefit of creditors, or any bond, confession of judgment, chattel mortgage, security agreement, deed, guaranty, indemnity bond, surety bond, or contract to sell or bill of sale of the property of the corporation in excess of two hundred and fifty thousand dollars (250,000); d. Acquire, purchase, develop, improve, sell, lease or mortgage any corporate real estate or any interest therein or enter into any contract for any such purposes in excess of two hundred and fifty thousand dollars (250,000); e. Make any loan or investment of any assets of the corporation, or enter into any contract or incur any liabilities on behalf of the corporation other than for fair consideration or in the ordinary course of business relating to its normal daily operation; f. Make any loan of money or property to or guarantee the obligation of any director or officer, except as is expressly permitted under section 5236 of the california nonprofit public benefit corporation law; g. Approve the sale, lease, conveyance, exchange, transfer, or other disposition of all or substantially all of the assets of the corporation; h. Approve the principal terms of a merger of the corporation with another organization; i. Approve the filing of a petition for the involuntary dissolution of the corporation if statutory grounds for such a dissolution exist; j. Approve the voluntary dissolution of the corporation or the revocation of such an election to dissolve it; k. Approve, repeal or amend the bylaws; or l. Appoint or remove any member of the board of directors.”

“The 990 return preparer emails a draft to the cfo, which reviews the draft with all board members prior to filing. If changes are made to the draft, then a final copy is forwarded to all board members before filing.”

“Annually, directors, officers, and key employees are required to complete and sign a disclosure statement which includes an acknowledgment of having read and having agreed to abide by the organization's conflict of interest policy.”

“Compensation for all employees is determined by comparing similar position compensation packages from the region; there is consideration of education and experience and then alignment with what benefits paramount academy offers. A compensation package is reviewed and approved by the board of directors.”

“SAME AS ABOVE.”

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

“The wonderful college prep academy is committed to providing a full range of students with an academically challenging curriculum, individually responsive and fully include in its approach to teaching and learning, and dedicated to the idea that all children should complete high school prepared for thoughtful citizenship and ready to complete a college degree.”