Educare DC

“The form 990 was prepared by outside accountants. The board of directors then reviewed, commented and approved the form 990 before it was finalized and filed.”

“The conflict of interest policy addresses transactions and arrangements involving educare dc's directors, officers, members of any committee of educare dc's board of directors with authority to act on behalf of the board of directors, and educare dc's executive employees (e.g. President and ceo, vice president of programs, vice president of administration, vice president of development and communications and senior director of finance) and any other manager or supervisor identified by the board of directors or the president ceo as exercising substantial influence over the operations of educare dc. The policy identifies a potential conflict of interest with respect to a transaction or arrangement involving educare dc whenever he or she, or any of his or her family: * receives compensation directly or indirectly from educare dc and the transaction or arrangement involves such compensation. * has or anticipates having any financial interest, including ownership interest, investment interest, or compensation arrangement. * management role-serves or anticipates serving as a director, trustee, or officer of any entity or individual that either: (1) sells goods or services to, or purchases services from educare dc, or (2) has any other transaction or arrangement with educare dc. * positions with grant applicant - serves or anticipates serving as a director, trustee, or officer of any entity that receives or seeks grant funding for educare, dc. * financial relationships with grant applicants-has or anticipates having a financial relationship, including as an employee or a paid consultant, with the grant applicant. * conflicts of interest are reviewed by the president of the board and presented to the board of directors. Persons who disclose actual and potential conflicts and/or whom it has been identified that a conflict of interest exist recuses himself or herself from voting on any transaction or arrangement in which he or she has a potential or actual conflict of interest and is not present when any such vote is taken. * a conflict of interest policy for staff is also included in the employee handbook which is signed by staff each year.”

“The ceo's compensation arrangement has been approved in advance by our board of directors, which is composed of individuals who do not have a conflict of interest concerning the transaction. Prior to making its determination, the board obtained and relied upon appropriate comparable data. This analysis of data was originally based on the expertise of a retained search firm that utilized comparable market data for salaries and other compensation. Using comparable market data, the board conducted an internal compensation review and confirmed that the ceo's salary was within the comparable rate. The board documented the basis for its determination at the time that it made the determination. A compensation study was performed for all positions in june of 2020 by marcum, an independent contractor. This study was updated in 2022 for all administrative positions.”

“Educare dc's governing documents and conflict of interest policy are made available to the public upon request.”