Teach for China Inc F/K/A China Education Initiative Inc

“There are currently no committees that is made up of the board members. The current board oversees all areas of the organization.”

“The finance department and compliance department will review the form 990 prepared by our outside accountants, and then will send the form 990 to the treasurer. After approval by the treasurer, the form 990 will be e-filed with the irs.”

“The organization's conflict of interest policy pertains to any director, officer, or committee member with board-delegated powers who has a direct or indirect financial interest through business, investments or family relationships in an actual or potential organizational transaction or arrangement involving ownership, investment, and/or compensation matters. All officers & directors are required to disclose any actual or possible conflicts of interest to the directors and members of the board committees when considering a proposed transaction or arrangement. Following disclosure, the interested person leaves the board or committee meeting while the remaining members deliberate and vote upon the existence of a conflict of interest. If needed, the board chairman or committee chairman may appoint a disinterested person to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the board or board committee determines if an alternative to the possible conflict of interest is reasonable for the organization to adopt. If it is determined that an alternative is not plausible, the interested person remains recused from the meeting, and the remaining board or committee members will deliberate and vote on the transaction or arrangement. The minutes of the board or committee will contain the names of all officers and board members involved in the decision-making process, as well as the name of the interested person, nature of the conflict, board action taken and the resolution adopted. Members of the board annually sign a statement certifying that they have read, understood, and complied with the conflict of interest policy.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. It is posted on new york state attorney general website, 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 500 mamaroneck avenue, suite 301, harrison, ny 10528, or by calling the organization directly at 914-381-8900.”

“In china today, where a child is born determines their educational prospect and therefore, life opportunities. Teach for china is working to elimitae educational inequality by enlisting the most promising leaders from china in the effort. By serving as teachers in low-income chinese schools and as alumni working in many sectors, these leaders will work to ensure that one day, all children in china enjoy access to a quality education.”

“In china today, where a child is born determines their educational prospect and therefore, life opportunities. Teach for china is working to elimitae educational inequality by enlisting the most promising leaders from china in the effort. By serving as teachers in low-income chinese schools and as alumni working in many sectorys, these leaders will work to ensure that one day, all children in china enjoy access to a quality education.”

“Payroll services: program service expenses 0. Management and general expenses 134. Fundraising expenses 0. Total expenses 134. Consultants: program service expenses 0. Management and general expenses 5,559. Fundraising expenses 0. Total expenses 5,559.”

“Loss on disposal of asset -90.”

“An amended return is being filed in order to conform to the organization's june 30, 2020 audited financial statements. A listing of all the changes to the form 990 is as follows: 1. Page 1, box g: gross receipts was restated to reflect the updated revenue reported in part viii. 2. Part i, lines 8, 10, 11, 16b, 17, 18, 19, 21, and 22: these amounts were updated to reflect the changes reported in their respective parts of the return due to the issuance of the financial statements. 3. Part iii, line 4a: the total program expense reported for this program was updated to agree to the adjustments made in part ix. 4. Part iv, lines 11a, 11f, and 12a: these lines were updated to reflect the changes reported in their respective parts of the return due to the issuance of the financial statements. 5. Part viii, line 1f, 1h, 3, and 12: these revenue lines were updated to agree to the audited financial statements. 6. Part ix, lines 11b, 11c, 11g, 13, 14, 16, 22, 23, 24a, 24b and 25: these amounts were updated to reflect the functional allocation per the audited financial statements. 7. Part x, lines 10a, 10b, 17, 26, 27, 32 and 33: these amounts were updated to agree to the audited financial statements. 8. Part xi, lines 1, 2, 3, 9, and 10: these amounts were updated for the changes reported in part viii and part ix, as mentioned above as well as to agree to the audited financial statements. 9. Part xii, lines 2b: these lines were checked "yes" as financial statements were issued for the tax year. 10. Schedule a, part ii, lines 2, 3, 5, 6, 7, 8, 11, and 14: these lines were updated to reflect the changes reported in part viii and to match the audited financial statements. 11. Schedule d, part xi and xii: the amounts reported in these sections were updated to agree with the revenue and expenses, per the audited financial statements. 12. Schedule o: narratives were updated with regards to the changes mentioned above.”