Learn More Center Inc.

“In 2022 the organization became aware that a former employee had intentionally diverted approximately $25,000 of the organization's resources for his personal gain, through fraudulent checks and expense reimbursements. The financial staff detected the diversion and promptly brought it to the attention of the Director and the Executive Committee of the Board. The organization took aggressive action. A special board committee was immediately created and an intensive internal investigation was completed. A police report was filed and an official investigation was opened. The organization's insurance company hired a forensic accountant who confirmed the diversion. The organization received an insurance settlement of $15,000, the coverage limit under the policy. Felony charges were filed against the former employee, who plead guilty. The court has ordered restitution in the amount of $10,000. A comprehensive review of financial policies and procedures was completed. More stringent controls (particularly in the areas of security over cash and checks, account reconciliation, separation of duties and expense reimbursement), monitoring of controls, and increased financial oversight have been implemented to mitigate risk of potential future occurrences.”

“The Form 990 was reviewed by the board prior to filing.”

“Employees, volunteers, committee members and directors (referred to as decision-makers) are covered by this policy. At orientation and annually thereafter, each decision-maker will disclose relevant interests and affiliations to the President of the Board. A decision-maker with a conflict of interest on a matter before the board shall recuse himself/herself from the voting process. If the governing board or committee determines that a decision-maker has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action. And then the board president is responsible to ensure that conflicts of interest are managed in accordance with this policy.”

“The Executive Committee reviews and approves the compensation for the top management official.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the general public upon request.”

“Strategic planning consultant fees”