Edify

“The Form 990 is prepared by an independent CPA firm and then provided to the CEO, CFO, and Board of Directors to review prior to filing. After the return is thoroughly reviewed by the CEO and CFO, it is given back to the CPA for electronic filing with the IRS.”

“Edify requires officers, directors, senior management team and key employees to disclose in writing information regarding their interests and those of their family members that could give rise to conflicts of interest or an appearance of impropriety. Written disclosures are updated at least annually. Actual or potential conflicts of interest will be reviewed by the CEO, Chairman or Vice Chairman of the Board, and then presented to the Governance, Nominating and Compensation Committee. Persons with a disclosed actual or potential conflict will be prohibited from participating in deliberations and decisions by the Governing Board or Governance, Nominating and Compensation Committee. If a conflict is proved to exist, the person with the conflict will be asked to discontinue such action/relationship or otherwise remove such conflict.”

“Compensation is set by the CEO based on industry standards for all employees except for himself. The independent board, after reviewing compensation committee recommendations based upon industry standards and published non-profit surveys for comparable positions, approves any salaries over $100,000 and benefits for the CEO, and that approval is documented in the minutes.”

“The governing documents, conflict of interest policy and financial statements are made available upon request.”

“Program contract workers: Program service expenses 1,179,875. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,179,875. Program consultants: Program service expenses 220,416. Management and general expenses 0. Fundraising expenses 0. Total expenses 220,416. Other: Program service expenses 40,589. Management and general expenses 6,858. Fundraising expenses 19,390. Total expenses 66,837.”

“The organization has an audit committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed since the prior year.”