Park Slope Afterschool Center Corp

“The organization does not have any committees that act on behalf of the governing body.”

“The 990 tax return is prepared by a cpa firm and reviewed by the president and the treasurers of the organization.”

“In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the governing board or committee shall determine whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement.”

“The park slope afterschool center corp. Did substantial research to determine our executive director's compensation. The executive director's compensation is determined by the board of directors and is based on experience, is in line with an average pay-rate for the position, and also reflects the organization's budget.”

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