Lake Geauga Educational Assistance

“Organization's process to review form 990 prior to filing, the form 990 is presented to the executive director and finance staff for review and approval. The form 990 is then electronically distributed to the board of directors in advance of filing. A board officer signs the 990 (8879-te) and the 990 is electronically filed.”

“Enforcement of conflicts policy each year, the board members are asked to review the organization's conflict of interest policy. Among other things, the policy makes clear that all decisions of the board, officers, and employees of the organization are made solely on the basis of desire to promote the best interest of the organization and the public good. The conflict of interest requires board members to identify, to the best of their knowledge, affiliations, and organizations that may be potentially related to the financials, or substantive operations of the organization. They are alo asked to identify circumstances involving themselves, or a member of their extended family, that may be considered as a conflict of interest. At the staff level, the organization's personnel also ensure that there are no conflicts of interest when considering the engagement of a new vendor. If a potential conflict is identified, appropriate steps are taken to both assess the nature of teh potential conflict of interest and subsequently, to ensure that the possibility of an actual conflict is mitigated. Such mitigation is managed and the letter and spirit of the conflicts policy are upheld.”

“Compensation process for top official the compensation of the executive director is reviewed and approved by the president of the board of directors after consideration of comparable data from outside sources. Salary and benefits are documented.”

“Governing documents disclosure explanation the organization's form 1023 and form 990 are made available to the public upon request. The form 990, without schedule b, can also be found on several publicly accessible websites.”