Up Education Network Inc.

“The organization's bylaws were amended in april 2024. The below amendments were made: the addition of members are allowed to be voted on at any board meeting during the year, not just a designated annual meeting. Directors are members and can adopt, amend, or appeal bylaws.”

“A draft version of the 990 is provided to all board members for their review via email and prior to final submission.”

“The organization requires its directors, management and key employees to complete an annual disclosure form identifying any relationships, positions, or circumstances in which the responsible person is involved that he or she believes could contribute to a conflict of interest arising.”

“When we hired veronica conforme as our ceo, the board convened a search committee to inform salary decisions. The committee took the following factors into account: compensation of others in similar roles at peer organizations the up turnaround context the background and experience of the individuals advice from the external search firm who led the search the board uses that input to determine the salary package, which included a bonus that was approved by the board. Subsequently, at the end of the fiscal year, the board typically has gone into executive session, and after assessing the ceo's performance, made a decision about whether and how much of her bonus to award and whether to adjust her salary for the subsequent year. The board approved veronica's fy19 bonus and fy20 salary and communicated it to up in the summer of 2019. The board has not made any changes to veronica's base compensation since the summer of 2019. Hillary casson became the newest up ceo, effective july 1, 2023. In determining her compensation, the board considered the same factors listed above, including benchmark analysis of compensation of peer organizations locally and nationally. The board appointed its chair, emily green, to lead discussions with hillary, and they approved her fy24 compensation in its february 2023 meeting. It was determined that for fy25, hillary casson would also recieve a cola increase. To determine salaries for our other officers and key employees, up regularly participates in compensation studies of charter management organizations and other peer organizations, most recently in 2021-2022, and uses that to adjust our network office salary bands as needed and to review individual salaries to ensure all are competitive. We have awarded cost of living increases annually and made salary adjustments to remain competitive with the local education market. For 2023-2024, we updated our salary bands and reviewed all individual salaries and made adjustments accordingly.”

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

“The audit committee of the board of directors is responsible for oversight of the audit of up education network, inc.'s financial statements and selection of an independent accountant.”