Delta Education Scholarship Fund

“During the fiscal year 2016 the organization dissolved its operations. The certificate of dissolution was issued with an effective date of november 22, 2016. All assets were distributed upon dissolution withing the meaning of section 501(c)(3) of the internal revenue code.”

“Copies of the completed form 990, with supporting schedules, will be distributed to the president of the corporation. The president will review the form 990, and any corrections or changes will be noted and addressed. Copies of the completed form 990 will be distributed to the board of directors for review and approval. Once approved by all of the directors, the form 990 will be filed with the irs.”

“The organization is a charitable organization, 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. Each director, principal officer, and member of the committee with governing board delegated powers shall - a. Receive a copy of the conflict of interest policy, - b. Read and understand the policy, and - c. Agree to comply with the policy.”

“In establishing the compensation for any officer or director of delta education scholarship fund, a virginia nonstock corporation (the "corporation"), or any individual who is one of the corporation's highest compensated employees or highest compensated independent contractors, the officers and directors of the corporation shall adhere to various procedures. These procedures provide that: the decision to approve the compensation arrangement will be determined by a compensation committee (all of the members of which shall not have a financial interest in the corporation), which shall consider a variety of factors including information about compensation paid by similarly situated taxable or tax-exempt organizations for similar services and current compensation surveys compiled by independent firms; the decision made by each individual who decided or voted on the compensation arrangement shall be recorded in writing and the information upon which the decision to approve the compensation arrangement was based on its source shall be recorded in writing.”

“The organization makes its governing documents and conflict of interest policy availabe upon request.”

“During the fiscal year 2016 the organization dissolved its operations. The certificate of dissolution was issued with an effective date of november 22, 2016.”

“Account payables to delta career education corporation - debt forgiven 3,835.”