Effective Leadership Academy

“Once the 990 has been prepared by the outside accounting firm, a draft copy of the return will be sent to the board for their approval. The executive team will then confirm and motion to pass it via email, if outside of a formal board meeting.”

“Determining whether a conflict of interest exists: after disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. Violations of the conflicts of interest policy: if the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action. Each responsible person shall annually complete a disclosure form identifying any relationships, positions or circumstances in which the responsible person is involved that he or she believes could contribute to a conflict of interest arising. Such relationships, positions or circumstances might include, but are not limited to, service as a director or officer of or consultant to a nonprofit organization, a political campaign or committee, or an informally organized group, or ownership in a business that might provide goods or services to the effective leadership academy.”

“It was decided at a board meeting to pay the executive director an amount of $1,500 per month at minimum, after tax. At quarterly board meetings, dependent on the progress and the financial standing of the organization, a quarterly amount is decided and voted on.”

“Govering documents, the conflict of interest policy, and the financial statements are made available to the public upon request. Additionally, a copy of the 990 is available on guidestar.”

“The governance team, which consists of the board president, vice president, secretary, and treasurer assumes responsibility for the oversight of the audit and selection of the independent auditor. Their decision is then brought to the board for approval.”