Skourtes Institute

“One director, who is also president, is the father of one of the directors, and also owns and works for the group of companies that employs the majority of the directors.”

“The corporation's board of directors at the end of 2016 has the power to appoint a majority of the board of directors.”

“The corporation provides electronic copies of the 990 to all board members prior to filing.”

“Each director and officer is required to sign a statement acknowledging that such director has received a copy of the conflict of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands that the institute is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax exempt purposes. Disclosure of conflicts of interest are required by an interested person prior to the board taking action on any transaction or arrangement where the conflict may exist. Periodic reviews of compensation and other arrangements are also required by the policy.”

“These documents are available upon request.”

“There was no compensation, or other compensation paid to any individuals listed in form 990 part vii, section a, line 1(a), columns (d) & (f). Compensation and other compensation paid to indiviudals listed in form 990, part vii, section a, line 1(a), columns (e) & (f) from related organizations are available upon request.”

“Fees for services to non-employees: program service expenses 50,400. Management and general expenses 7,750. Fundraising expenses 0. Total expenses 58,150. Office supplies: program service expenses 0. Management and general expenses 1,200. Fundraising expenses 0. Total expenses 1,200.”