Black Alliance for Educational Options Inc

“Deborah mcgriff, chair, and dr. Howard fuller, chair emeritus, have a family relationship. Deborah mcgriff, chair, and jacqueline cooper, acting president, have a family relationship.”

“The return was prepared by the outside accountants and reviewed by senior management. A copy of the final 990 was presented to the entire board before it was filed with the irs.”

“Board members submit annual conflict of interest disclosure forms. The baeo board chair at baeo's annual in-person board development meeting reviews the conflict of interest forms with the board to ensure all members have signed the document. All signed documents are given to the president and secretary for review. The president files the documents for future reference. If a conflict were to arise, the interested person would recuse themself from voting on the matter.”

“The board annually approves compensation of the president. The most recent salary review for this position was done in january 2015. In determining compensation for employees, baeo's board approves all compensation through the budgeting process. Any changes or additions to the approved budget must be approved by the board. The board working with the hr consulting firm, nonprofit hr solutions in washington, dc, regularly reviews levels of compensation for its employees against similarly qualified persons in functionally comparable positions at similarly situated organizations. This was most recently done for each baeo staff position in december 2013. The analysis also included a review of each local market where baeo employees are located. Based on this review, compensation was adjusted accordingly. The review process and the market data are recorded in the baeo board minutes.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Baeo started the policy & research program during the year.”

“Market research: program service expenses 21,678. Management and general expenses 31,339. Fundraising expenses 1,984. Total expenses 55,001. Transition expenses: program service expenses 37,285. Management and general expenses 53,902. Fundraising expenses 3,412. Total expenses 94,599. State compliance: program service expenses 8,811. Management and general expenses 12,738. Fundraising expenses 806. Total expenses 22,355. Hr consultant: program service expenses 18,237. Management and general expenses 26,365. Fundraising expenses 1,669. Total expenses 46,271. Print design services: program service expenses 25,534. Management and general expenses 36,914. Fundraising expenses 2,336. Total expenses 64,784. Consultants/contractors: program service expenses 140,467. Management and general expenses 203,074. Fundraising expenses 12,853. Total expenses 356,394.”

“Cancellation of prior year awards -200,000.”