Universal Promise

“If an individual covered by the Conflict of Interest policy has a relationship with a business or with the people doing business with Universal Promise that could give rise to a conflict of interest, then we regularly monitor compliance with the policy by asking each individual covered by the policy to disclose, as need arises or, at minimum, on an annual basis, any such relationship or relationships that could give rise to a conflict of interest. To this point, given that individuals covered by the Conflict of Interest Policy have never had any such aforementioned relationship or relationships, no such need for disclosure has arisen.”

“Part III Line 1 Universal Promise (UP) provides individuals and institutions in underserved regions with the academic resources needed to ensure educational and career opportunities that will promote just, civil, and hopeful societies. Its most significant activities include the renovation of facilities, the provision of required school uniforms and materials, and investment in the triumvirate of traditional schooling, career-training, and healthcare education.”

“Prior to the filing deadline, the director emails to the Board of Directors the following items: Form 990 and the other required tax documents. The Board of Directors is given a) several days to review the documents and b) a clear deadline for submitting comments via email or during a board meeting. Sufficient time is allotted to address carefully each of the members comments so that the director may submit Form 990 and other required tax documents in advance of the national filing deadline.”

“The governing documents, conflict of interest policy, and financial statements are always accessible at www.candid.org, and those same documents, as well as copies of the Board of Director meeting minutes, are available upon request at Universal Promise, PO Box 128, Newport, RI 02840.”

“The Board of Directors determined the compensation for the Executive Director after having formed an Executive Compensation Committee comprised of disinterested directors and/or other members, collected and examined comparability data, created and updated a contemporaneous record, documented the discussions and decisions in the Executive Compensation Committee meeting minutes,and followed the Conflict of Interest Policy in determining executive compensation.”