Civic Intelligence

Ewing Marion Kauffman School Inc.

990 • Fiscal year 2023 • EIN 27-1982958

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 09, 2024

6401 The Paseo BlvdKansas City, MO 64131

(816) 612-8505

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

39th percentile

0.10x

Higher debt load relative to assets than 39% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

24th percentile

0.08x

Higher debt load relative to revenue than 24% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

47th percentile

2.6%

Higher net margin than 47% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

79th percentile

$307,072

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

54th percentile

7.3%

Faster asset growth than 54% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

42nd percentile

1.4%

Faster revenue growth than 42% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$16,952,642

Up $1,153,865 (+7.3%) from 2022

Net Assets

Up

$15,276,494

Up $564,910 (+3.8%) from 2022

Liabilities

Up

$1,676,148

Up $588,955 (+54%) from 2022

Revenue

Up

$21,721,657

Up $299,375 (+1.4%) from 2022

Expenses

Up

$21,156,747

Up $2,618,495 (+14%) from 2022

Net Income

Down

$564,910

Down $2,319,120 (-80%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2018: $4,909,160Liabilities 2018: $524,432Net Assets 2018: $4,384,7282018Assets 2019: $5,803,053Liabilities 2019: $636,601Net Assets 2019: $5,166,4522019Assets 2020: $8,538,829Liabilities 2020: $2,374,251Net Assets 2020: $6,164,5782020Assets 2021: $12,328,924Liabilities 2021: $501,370Net Assets 2021: $11,827,5542021Assets 2022: $15,798,777Liabilities 2022: $1,087,193Net Assets 2022: $14,711,5842022Assets 2023: $16,952,642Liabilities 2023: $1,676,148Net Assets 2023: $15,276,4942023Assets 2024: $19,365,336Liabilities 2024: $1,667,997Net Assets 2024: $17,697,3392024

Highlighted filing

2023

Assets$16,952,642
Liabilities$1,676,148
Net Assets$15,276,494

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0Revenue 2018: $15,511,758Expenses 2018: $15,093,733Net Income 2018: $418,0252018Revenue 2019: $16,775,719Expenses 2019: $15,993,995Net Income 2019: $781,7242019Revenue 2020: $17,658,540Expenses 2020: $16,660,414Net Income 2020: $998,1262020Revenue 2021: $22,686,630Expenses 2021: $17,023,654Net Income 2021: $5,662,9762021Revenue 2022: $21,422,282Expenses 2022: $18,538,252Net Income 2022: $2,884,0302022Revenue 2023: $21,721,657Expenses 2023: $21,156,747Net Income 2023: $564,9102023Revenue 2024: $24,067,746Expenses 2024: $21,646,873Net Income 2024: $2,420,8732024

Highlighted filing

2023

Revenue$21,721,657
Expenses$21,156,747
Net Income$564,910
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 9, 2024
Return Version
2022v5.0
Gross Receipts
$21,721,657
Mission and Program Overview

Mission

The mission of the kauffman school is to prepare students to excel academically, graduate from college, and apply their unique talents in the world to create economically independent and personally fulfilling lives.

Prepare students to excel academically, graduate from college, and apply their unique talents in the world to create economically independent and personally fulfilling lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$13,801,775$14,587,703▲ $785,928
Land, Buildings, and Equipment, Net$1,102,084$941,810▼ $160,274
Prepaid Expenses and Deferred Charges$133,376$152,136▲ $18,760
Accounts Receivable$761,542$116,447▼ $645,095
Total Assets$15,798,777$16,952,642▲ $1,153,865
Other Assets Total-$1,154,546-
Liabilities
Accounts Payable and Accrued Expenses$1,087,193$1,676,148▲ $588,955
Total Liabilities$1,087,193$1,676,148▲ $588,955
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,611,584$15,176,494▲ $564,910
Net Assets With Donor Restrictions$100,000$100,000→ $0
Total Net Assets Fund Balance$14,711,584$15,276,494▲ $564,910
Total Liabilities and Net Assets / Fund Balance$15,798,777$16,952,642▲ $1,153,865

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$695,308$475,656$1,170,964
Equipment$243,073$808,548$1,051,621
Other Land Buildings$3,429$11,277$14,706
Other Assets Org$1,154,546--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Hannah LofthusCEOFT$254,447$52,625$307,072
Katherine PasniewskiCOOFT$186,987$47,894$234,881
Lindsey WoodsPrincipalFT$101,574$31,108$132,682

Board Members and Trustees

NameTitle
Tracey McferrinBoard Chair
Brett HembreeBoard Member
Corey ScholesBoard Member
Jerry WilliamsBoard Member
Juan RangelBoard Member
Kelley BarnesBoard Member
John TylerSecretary
Kristin BechardTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Cushman WakefieldProperty MgmtW 95TH STREET, SUITE 830, Overland Park, KS 66212$3,027,853
American Food And Vending CorpFood Service1501 W 31ST ST, Kansas City, MO 64108$660,485
Apple Bus CompanyTransportation230 E MAIN ST, Cleveland, MO 64734$631,666
Cdw LLCIt Services75 REMITTANCE DR, Chicago, IL 60675$257,345
Kander ConsultingConsulting8300 BOONE BOULEVARD, Vienna, VA 22182$231,400
Revenue and Support

Revenue Composition

Contributions and Grants
$21,522,130
Program Service Revenue
$46,025
Investment Income
$153,502
Other Revenue
$0
All Other Contributions
$3,456,080
Change in Net Assets
$564,910

Audited Revenue Reconciliation

Revenue per Audited Statements
$21,721,657
Total Revenue per Audited Statements
$21,721,657
Total Revenue per Form 990
$21,721,657
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,184,684
Other Expenses$8,972,063
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,906,618$2,043,784-$8,950,402
Occupancy$2,502,045--$2,502,045
Other Employee Benefits$1,205,074$332,769-$1,537,843
Pension Plan Contributions$789,410$235,140-$1,024,550
Payroll Taxes$512,454$159,435-$671,889
Other Expenses$623,646$1,182,186-$623,646
Depreciation Depletion$551,344--$551,344
All Other Expenses$150,427$367,106-$517,533
Fees for Services Legal-$230,878-$230,878
Conferences and Meetings$161,220--$161,220
Insurance$43,180$88,093-$131,273
Travel$10,534$84,475-$95,009
Advertising-$93,999-$93,999
Fees for Services Accounting-$27,701-$27,701
Total Functional Expenses$16,311,181$4,845,566$0$21,156,747

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$21,156,747
Total Expenses per Audited Statements$21,156,747
Total Expenses per Form 990$21,156,747
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI

Kristin bechard, john tyler, and corey scholes have a business relationship in that they are employed by the ewing marion kauffman foundation, which is a major funder of the school.

Form 990, Page 6, Part VI, Line 2

Kristin bechard ewing marion kauffman foundation treasurer employee/officer john tyler ewing marion kauffman foundation secretary employee/officer corey scholes ewing marion kauffman foundation board member employee

Form 990, Page 6, Part VI, Line 7A

The ewing marion kauffman foundation retains authority to appoint one or more members of the board so long as it is not a majority of the board.

Form 990, Page 6, Part VI, Line 7B

The ewing marion kauffman foundation ceo must approve certain amendments to the bylaws to the extent they affect the ewing marion kauffman foundation's rights under the bylaws.

Form 990, Page 6, Part VI, Line 11B

The organization provides a copy of the form 990 to the board chair, secretary, and treasurer for review and comment prior to finalization. All other board members are provided a copy of the final form.

Form 990, Page 6, Part VI, Line 12C

Ewing marion kauffman school consistently monitors and enforces compliance with its conflict of interest policy. The review procedures are as follows: 1. On at least an annual basis each director, officer, and key employee is provided with and asked to review the policy and to certify that they have done so. 2. Annually each director, officer, and key employee completes a disclosure form identifying any relationships, positions, or circumstances in which he or she is involved that he or she believes could contribute to a conflict of interest. Such relationships, positions, or circumstances might include service as director of or a consultant to another nonprofit organization, or ownership of a business that might provide goods or services to ewing marion kauffman school, inc. Any such information regarding the business or interests of a director, officer, or key employee, or a family member thereof, is treated as confidential and generally made available only to the chair, the secretary, and any committee appointed to address conflicts of interest, except to the extent additional disclosure is appropriate to implement the policy. 3. The policy is reviewed annually by each member of the board of directors. Any changes to the policy are communicated to all responsible persons. 4. No one with a conflict of interest is allowed to participate in decisions with which they have a conflict. Those who are making the decisions in such situations are made aware of the conflict. Appropriate documentation is maintained.

Form 990, Page 6, Part VI, Line 15A

The board and governance committee review the salary and compensation packages of the ceo and top officials as part of the overall budget review and as part of an annual review of the ceo performance. The school relies on an independent, outside compensation consultant to periodically review ceo and other compensation, most recently in the 2021-2022 school year.

Form 990, Page 6, Part VI, Line 15B

The organization reviews all internal salaries each year by completing compensation studies with the humarn resources team.

Form 990, Page 6, Part VI, Line 19

All documents required by section 1604 for public inspection are available upon request.

Filing and Contact Details

Filer

Filer Name
Ewing Marion Kauffman School Inc
EIN
27-1982958
Phone
8166128505
Address
6401 THE PASEO BLVD, KANSAS CITY, MO 64131

Signing Officer

Name
Katherine Pasniewski
Title
COO
Phone
8166128505
Signed
2024-04-09

Organization Details

Principal Officer
Hannah Lofthus
Formed
2010
Legal Domicile
Mo
Voting Board Members
6
Independent Board Members
6
Employees
218
Volunteers
6

Preparer

Firm
Westbrook & Co Pc
Address
749 DRISKILL DR, RICHMOND, MO 64085-1608
Preparer
LEA ANN O'BRIEN
Phone
8167763584
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

About the ewing marion kauffman school (kauffman school) opened its doors in the fall of 2011. Our first group of one hundred fifth graders was enrolled as our class of 2023, their anticipated year of college graduation. A new fifth grade class of about two hundred students is added each year. The kauffman school currently serves students in grades five through twelve. As a public charter school, the kauffman school is free and open to all students residing within the district boundaries of kansas city, missouri public schools (kcps). The kauffman school cannot and does not selectively admit students based on academic aptitude, race, ethnicity, income level, special education needs, prior school record, or almost any other personal characteristic. The kauffman school admits students until its enrollment threshold is met. If there are more applications than seats, the kauffman school uses a lottery to give every applicant an equal chance of admission. The kauffman school provides a geographical enrollment preference to students living in six very high risk and high need zip codes: 64123, 64124, 64127, 64128, 64130, and 64132. The kauffman school also provides an enrollment preference to siblings of enrolled students and children whose parents/guardians work at the school and also reside within the kcps boundaries. Mission the mission of the kauffman school is to prepare students to excel academically, graduate from college, and apply their unique talents in the world to create economically independent and personally fulfilling lives. Vision statement the kauffman school is recognized as the premiere public school in the state of missouri and as a national model for the entire public school sector.

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IRS990/Desc0ABOUT THE EWING MARION KAUFFMAN SCHOOL (KAUFFMAN SCHOOL) OPENED ITS DOORS IN THE FALL OF 2011. OUR FIRST GROUP OF ONE HUNDRED FIFTH GRADERS WAS ENROLLED AS OUR CLASS OF 2023, THEIR ANTICIPATED YEAR OF COLLEGE GRADUATION. A NEW FIFTH GRADE CLASS OF ABOUT TWO HUNDRED STUDENTS IS ADDED EACH YEAR. THE KAUFFMAN SCHOOL CURRENTLY SERVES STUDENTS IN GRADES FIVE THROUGH TWELVE. AS A PUBLIC CHARTER SCHOOL, THE KAUFFMAN SCHOOL IS FREE AND OPEN TO ALL STUDENTS RESIDING WITHIN THE DISTRICT BOUNDARIES OF KANSAS CITY, MISSOURI PUBLIC SCHOOLS (KCPS). THE KAUFFMAN SCHOOL CANNOT AND DOES NOT SELECTIVELY ADMIT STUDENTS BASED ON ACADEMIC APTITUDE, RACE, ETHNICITY, INCOME LEVEL, SPECIAL EDUCATION NEEDS, PRIOR SCHOOL RECORD, OR ALMOST ANY OTHER PERSONAL CHARACTERISTIC. THE KAUFFMAN SCHOOL ADMITS STUDENTS UNTIL ITS ENROLLMENT THRESHOLD IS MET. IF THERE ARE MORE APPLICATIONS THAN SEATS, THE KAUFFMAN SCHOOL USES A LOTTERY TO GIVE EVERY APPLICANT AN EQUAL CHANCE OF ADMISSION. THE KAUFFMAN SCHOOL PROVIDES A GEOGRAPHICAL ENROLLMENT PREFERENCE TO STUDENTS LIVING IN SIX VERY HIGH RISK AND HIGH NEED ZIP CODES: 64123, 64124, 64127, 64128, 64130, AND 64132. THE KAUFFMAN SCHOOL ALSO PROVIDES AN ENROLLMENT PREFERENCE TO SIBLINGS OF ENROLLED STUDENTS AND CHILDREN WHOSE PARENTS/GUARDIANS WORK AT THE SCHOOL AND ALSO RESIDE WITHIN THE KCPS BOUNDARIES. MISSION THE MISSION OF THE KAUFFMAN SCHOOL IS TO PREPARE STUDENTS TO EXCEL ACADEMICALLY, GRADUATE FROM COLLEGE, AND APPLY THEIR UNIQUE TALENTS IN THE WORLD TO CREATE ECONOMICALLY INDEPENDENT AND PERSONALLY FULFILLING LIVES. VISION STATEMENT THE KAUFFMAN SCHOOL IS RECOGNIZED AS THE PREMIERE PUBLIC SCHOOL IN THE STATE OF MISSOURI AND AS A NATIONAL MODEL FOR THE ENTIRE PUBLIC SCHOOL SECTOR.
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0EWING MARION KAUFFMAN SCHOOL HAS A NON-DISCRIMINATION POLICY INCLUDED ON THE SCHOOL'S WEBSITE, CONTAINED IN MATERIALS, PUBLISHED IN THE KANSAS CITY STAR IN SEPTEMBER 2021.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1PART I, QUESTION 6A THE ORGANIZATION RECEIVES FEDERAL AND STATE FUNDING THROUGH THE MISSOURI DEPARTMENT OF ELEMENTARY AND SECONDARY EDUCATION
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0PART I, LINE 3 - ORGANIZATION METHODS USED FOR COMPENSATION EXPLANATION THE BOARD AND GOVERNANCE COMMITTEE REVIEW THE SALARY AND COMPENSATION PACKAGES OF THE CEO AND TOP OFFICIALS AS PART OF THE OVERALL BUDGET REVIEW AND AS PART OF AN ANNUAL REVIEW OF THE CEO PERFORMANCE. THE BOARD AND GOVERNANCE COMMITTEE ALSO COMPARE THESE PACKAGES TO COMPARABLE MARKET COMPANIES. THE SCHOOL RELIES ON AN INDEPENDENT, OUTSIDE COMEPNSATION CONSULTANT TO PERIODICALLY REVIEW CEO AND OTHER COMPENSATION, MOST RECENTLY IN THE 2021-2022 SCHOOL YEAR.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART III
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ABOUT THE EWING MARION KAUFFMAN SCHOOL (KAUFFMAN SCHOOL) OPENED ITS DOORS IN THE FALL OF 2011. OUR FIRST GROUP OF ONE HUNDRED FIFTH GRADERS WAS ENROLLED AS OUR CLASS OF 2023, THEIR ANTICIPATED YEAR OF COLLEGE GRADUATION. A NEW FIFTH GRADE CLASS OF ABOUT TWO HUNDRED STUDENTS IS ADDED EACH YEAR. THE KAUFFMAN SCHOOL CURRENTLY SERVES STUDENTS IN GRADES FIVE THROUGH TWELVE. AS A PUBLIC CHARTER SCHOOL, THE KAUFFMAN SCHOOL IS FREE AND OPEN TO ALL STUDENTS RESIDING WITHIN THE DISTRICT BOUNDARIES OF KANSAS CITY, MISSOURI PUBLIC SCHOOLS (KCPS). THE KAUFFMAN SCHOOL CANNOT AND DOES NOT SELECTIVELY ADMIT STUDENTS BASED ON ACADEMIC APTITUDE, RACE, ETHNICITY, INCOME LEVEL, SPECIAL EDUCATION NEEDS, PRIOR SCHOOL RECORD, OR ALMOST ANY OTHER PERSONAL CHARACTERISTIC. THE KAUFFMAN SCHOOL ADMITS STUDENTS UNTIL ITS ENROLLMENT THRESHOLD IS MET. IF THERE ARE MORE APPLICATIONS THAN SEATS, THE KAUFFMAN SCHOOL USES A LOTTERY TO GIVE EVERY APPLICANT AN EQUAL CHANCE OF ADMISSION. THE KAUFFMAN SCHOOL PROVIDES A GEOGRAPHICAL ENROLLMENT PREFERENCE TO STUDENTS LIVING IN SIX VERY HIGH RISK AND HIGH NEED ZIP CODES: 64123, 64124, 64127, 64128, 64130, AND 64132. THE KAUFFMAN SCHOOL ALSO PROVIDES AN ENROLLMENT PREFERENCE TO SIBLINGS OF ENROLLED STUDENTS AND CHILDREN WHOSE PARENTS/GUARDIANS WORK AT THE SCHOOL AND ALSO RESIDE WITHIN THE KCPS BOUNDARIES. MISSION THE MISSION OF THE KAUFFMAN SCHOOL IS TO PREPARE STUDENTS TO EXCEL ACADEMICALLY, GRADUATE FROM COLLEGE, AND APPLY THEIR UNIQUE TALENTS IN THE WORLD TO CREATE ECONOMICALLY INDEPENDENT AND PERSONALLY FULFILLING LIVES. VISION STATEMENT THE KAUFFMAN SCHOOL IS RECOGNIZED AS THE PREMIERE PUBLIC SCHOOL IN THE STATE OF MISSOURI AND AS A NATIONAL MODEL FOR THE ENTIRE PUBLIC SCHOOL SECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1KRISTIN BECHARD, JOHN TYLER, AND COREY SCHOLES HAVE A BUSINESS RELATIONSHIP IN THAT THEY ARE EMPLOYED BY THE EWING MARION KAUFFMAN FOUNDATION, WHICH IS A MAJOR FUNDER OF THE SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2KRISTIN BECHARD EWING MARION KAUFFMAN FOUNDATION TREASURER EMPLOYEE/OFFICER JOHN TYLER EWING MARION KAUFFMAN FOUNDATION SECRETARY EMPLOYEE/OFFICER COREY SCHOLES EWING MARION KAUFFMAN FOUNDATION BOARD MEMBER EMPLOYEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EWING MARION KAUFFMAN FOUNDATION RETAINS AUTHORITY TO APPOINT ONE OR MORE MEMBERS OF THE BOARD SO LONG AS IT IS NOT A MAJORITY OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE EWING MARION KAUFFMAN FOUNDATION CEO MUST APPROVE CERTAIN AMENDMENTS TO THE BYLAWS TO THE EXTENT THEY AFFECT THE EWING MARION KAUFFMAN FOUNDATION'S RIGHTS UNDER THE BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION PROVIDES A COPY OF THE FORM 990 TO THE BOARD CHAIR, SECRETARY, AND TREASURER FOR REVIEW AND COMMENT PRIOR TO FINALIZATION. ALL OTHER BOARD MEMBERS ARE PROVIDED A COPY OF THE FINAL FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6EWING MARION KAUFFMAN SCHOOL CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. THE REVIEW PROCEDURES ARE AS FOLLOWS: 1. ON AT LEAST AN ANNUAL BASIS EACH DIRECTOR, OFFICER, AND KEY EMPLOYEE IS PROVIDED WITH AND ASKED TO REVIEW THE POLICY AND TO CERTIFY THAT THEY HAVE DONE SO. 2. ANNUALLY EACH DIRECTOR, OFFICER, AND KEY EMPLOYEE COMPLETES A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES IN WHICH HE OR SHE IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST. SUCH RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES MIGHT INCLUDE SERVICE AS DIRECTOR OF OR A CONSULTANT TO ANOTHER NONPROFIT ORGANIZATION, OR OWNERSHIP OF A BUSINESS THAT MIGHT PROVIDE GOODS OR SERVICES TO EWING MARION KAUFFMAN SCHOOL, INC. ANY SUCH INFORMATION REGARDING THE BUSINESS OR INTERESTS OF A DIRECTOR, OFFICER, OR KEY EMPLOYEE, OR A FAMILY MEMBER THEREOF, IS TREATED AS CONFIDENTIAL AND GENERALLY MADE AVAILABLE ONLY TO THE CHAIR, THE SECRETARY, AND ANY COMMITTEE APPOINTED TO ADDRESS CONFLICTS OF INTEREST, EXCEPT TO THE EXTENT ADDITIONAL DISCLOSURE IS APPROPRIATE TO IMPLEMENT THE POLICY. 3. THE POLICY IS REVIEWED ANNUALLY BY EACH MEMBER OF THE BOARD OF DIRECTORS. ANY CHANGES TO THE POLICY ARE COMMUNICATED TO ALL RESPONSIBLE PERSONS. 4. NO ONE WITH A CONFLICT OF INTEREST IS ALLOWED TO PARTICIPATE IN DECISIONS WITH WHICH THEY HAVE A CONFLICT. THOSE WHO ARE MAKING THE DECISIONS IN SUCH SITUATIONS ARE MADE AWARE OF THE CONFLICT. APPROPRIATE DOCUMENTATION IS MAINTAINED.

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