Center of Higher Development Inc.

“Myra Gillespie-Corley/Worth Corley are married to Worth Corley”

“- Business resumed on a good foot having 5 G.E.D. students throughout the year who received assistance with training and books.”

“- Ms Corley maintains documentation, however, minutes were at a minimal”

“- Since 2012, we were affilited with DSS, Vocational Rehabilitation, Joint Base Charleston Education Dept, Judge Financial Advertising Co. and SC Works. However, in these services were not utilized in 2016. The goal is to re-establish affiliation with these and other services, such as Maias Moms. We are shifting gears to continue to help the community prepare to obtain high school diplomas and increase workforce development assistance.”

“A copy of the 990 was provided to the parties prior to efile of document”

“We do have an existing conflict of interest policy.”

“Board members should remind themselves of their fiduciary duty to act in the best interest of the foundation when discussing their own compensation, and even consider appointing outside advisors to determine the appropriate amount.2. The board should specify the work expected of and performed by its members, including number of meetings, complexity of work, hours worked per week, and expected experience and qualifications.3. Based on this information, the foundation should look at compensation surveys like those from the Council on Foundations, the Association of Small Foundations, and regional grantmaking associations to determine what other foundations with a similar asset size pay for similar work.4. The board should hold a formal vote to establish the comp. levels.”

“1. Board members should remind themselves of their fiduciary duty to act in the best interest of the foundation in regards to their own compensation, and even consider appointing outside advisors to determine the appropriate amount.2. The board should specify the work expected of and performed by its members, including number of meetings, complexity of work, hours worked per week, and expected experience and qualifications.3. Board minutes should record the amount of compensation, summary of the discussion and vote, the data used to make a decision, and the date of approval.4. Voluntary service will be regarded as an essential devotion to the purpose of the foundation. Until it becomes larger and the more timethat is demanded of trustees, is when they will be compensated.”

“These documents are available upon requests, however, currently in the process of making 1023, 990 accesssble on the website.”