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.”

“The independent board approves and documents in the board meeting minutes the salary for the CEO after reviewing compensation committee recommendations based upon industry standards and published non-profit surveys for comparable positions.”

“Compensation for all other officers is set by the CEO based on industry standards and comparable salaries. Substantiation of this process is documented in personnel files.”

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

“Credit Card Rewards - Total Revenue: 7000, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 7000; Other income - Total Revenue: 24, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 24;”

“Program Consulting - Total Expense: 152146, Program Service Expense: 132918, Management and General Expenses: 3210, Fundraising Expenses: 16018; Payroll Services - Total Expense: 65216, Program Service Expense: 43852, Management and General Expenses: 13120, Fundraising Expenses: 8244; National Staff - Total Expense: 2370423, Program Service Expense: 2349749, Management and General Expenses: 13783, Fundraising Expenses: 6891;”

“Foreign partners that receive funding from Edify for training activities and loans to schools are required to submit an accounting of expenses on a monthly or quarterly basis. For specific training events the budget is approved in advance with a final reconciliation of actual to budgeted expenses upon completion. All travel expenses of Edify staff and agents overseas are accounted for with expense reports and supporting documentation. The accrual method of accounting is used for all transactions.”