Friends of Education

“The organization's practice is to present the form 990 at a board meeting and obtain approval prior to filing; approval is documented in the board minutes. However, in the event a board meeting is not scheduled timely, the form 990 is circulated to all board members and written approval of each director is obtained through a unanimous written consent resolution prior to filing; each director's consent is retained in the corporate record book.”

“1. All directors, officers, employees, and volunteers are covered by the policy. Note: currently, the corporation currently does not have employees, all volunteers of the corporation are either board members or officers, and the corporation does not pay its directors/officers/volunteers any compensation. 2. Initial: when considering the nomination of any individual to board election, potential board members and officers are asked whether they or their family members have any interests in education-related service providers. Implementation - only board members and officers who have responded in the negative have been elected to the board. 3. At each board meeting, board members and officers receive a listing of the payees of disbursements and, on a monthly basis, the board treasurer receives the payees of disbursements, date of disbursement, and disbursement amounts, for two purposes: (1) financial oversight, and (2) to verify that they have no relationship with any payee. Implementation - no board member or officer has identified any relationship with any payee. To date, the corporation has not engaged in or contracted with any entity with which a conflict with a board member exists. The corporation's policy provides for the management of possible future instances in which a conflict may exist and includes periodic written verification of no conflict and restrictions imposed on individuals with a conflict.”

“A copy of all documents is retained at the organization's office and is presented or mailed upon request.”

“Contract labor: program service expenses 355,857. Management and general expenses 0. Fundraising expenses 0. Total expenses 355,857.”

“The process has not changed during the year.”