Edcamp Foundation

“Prior to the filing of the form 990, the prepared 990 draft is reviewed by management and then presented to the board for review and approval.”

“It is the policy of the organization that no contract or transaction between the organization and one or more of its directors or officers, or between the organization and any "interested entity" shall be authorized or entered into unless the material facts as to the interest and as to the contract or transaction are disclosed or are known to the board of directors, and the board in good faith authorizes the contract or transaction by an affirmative vote of a majority of the directors other than the interested director(s) of the organization and the contract or transaction is in the interests of the organization. An "interested entity" includes any entity (a) in which one or more of the directors or officers of the organization (i) are directors or officers, or (ii) have a financial interest; or (b) in which any director or officer of the organization has any other conflict of interest. Any interested directors may be counted in determining the presence of a quorum at a meeting of the board which authorizes the contract or transaction.”

“Compensation for the executive director is determined by the board of directors and is based on a competitive salary range for the philadelphia, pa region. Members of edcamp foundation's board of directors do not receive compensation for their service. Their service is considered volunteer. The compensation for employees of the edcamp foundation is determined by the executive director, with guidance from the director of operations who sets a range based on the organization's budget, while accounting for non-profit salary ranges of the philadelphia, pa region.”

“The governing documents, conflict of interest policy and financial statements are available upon request.”

“The edcamp foundation fully ceased operations in fye december 31, 2020 and made a near-final distribution of its assets to digital promise global a 501(c)(3) public charity pursuant to an asset transfer agreement. The foundation notified its funders, submitted clearance requests to the pa department of labor and pa department of revenue, and obtained a non-objection letter from the pa attorney general in preparation for its final dissolution. Pursuant to an asset transfer agreement and a plan of final dissolution, the edcamp foundation transferred $613,429.18 to digital promise global ("dpg") in july 2020. The edcamp foundation is in the process of dissolving as a nonprofit corporation in pennsylvania, which it will do upon completing its final distribution of assets to dpg and upon receipt of the requisite government clearances, which it expects to occur in 2021.”

“Transfer to global promise -613,399.”