Explore Schools Inc.

“Senior management reviews the form 990 and then forwards it to the finance committee for their review. If changes are required, the organization will then forward the form 990 to the auditing firm and a final version of the form 990 is then distributed to all the organization's board members prior to filing with the irs.”

“Prior to election to the board, and thereafter on an annual basis, all trustees are required to disclose, in writing, any interest such trustee may have in any corporation, organization, partnership or other entity which provides professional or other goods or services to the organization for a fee or other compensation, and any interest such trustee may have as a result of a position or other relationship with any not-for-profit corporation with which the organization has an attorney-client or other business relationship (collectively, a "conflict of interest"). Additionally, the organization shares its conflict of interest policy with officers and key employees annually, and these employees are expected to declare if at any point a conflict of interest arises. If a conflict were to arise, the interested person shall excuse themselves from board discussion and abstain from voting on the potential conflict. All applicable individuals have completed an annual disclosure statement on june 2017.”

“The compensation committee does a market analysis to compare chief executive officer and other leadership position salaries in similar organizations and is also involved in the approval for the annual budget for the organization. This process last occured in 2017 and was documented in the minutes of the governing board.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request at 20 jay street #211, brooklyn, ny 11201, or by calling the organization directly at 718-989-6730.”

“Loss on disposal of property and equipment -2,859.”

“The organization has an audit committee responsible for the oversight of the audit of the financial statements and selection of the independent auditors. The process has not changed from the prior year.”