Friends of Educare California at Silicon Valley

“The organization contracted with lk consulting llc to perform the duties of an executive director of the organization.”

“A vacancy in the position of director may be filled by the affirmative vote of a majority of the remaining directors.”

“Members of the finance committee reviewed and approved form 990 before filing. Form 990 was also distributed to board of directors before filing.”

“The governing board chair has all new board members fill out the conflict of interest form by the first board meeting they attend. Each member reviews the conflict of interest form annually.”

“Governance board members reviewed and approved the job description, position posting, and hiring process for the executive director. Comparable compensation was derived from data from other educare programs throughout the u.s. Approval was documented in minutes to the executive committee meeting.”

“AVAILABLE UPON REQUEST”

“To fulfill its mission, the organization opened its newly constructed facilities and began program services on september 3, 2015. Programs serve children ages birth to 5 and their low-income families in a model early learning school. As the first educare school in california, the school houses 12 high-quality early learning classrooms, a family resource center, a satellite children's museum and public library, a career academy for high school students and a professional development institute that will help us reach thousands more children in the region.”

“Other program services expenses: grant to related organization - e.c.s.v. Real estate for construction completion costs - $503,585 program - family resource center - $26,209 program - atrium exhibit - $20,042 program - career academy - $10,021 program - nutrition policy - $6,681 program - other - $16,718 other program services revenue - $191,281 - reimbursed shared costs first 5 santa clara county - $33,793 east side union high school distrcite - $50,140 santa clara county office of education - $107,348 shared costs are costs incurred for building operations including security, utilities, landscaping, insurance, property taxes, permits, equipment rental, repairs and maintenance, custodial, lease payments, and garbage collection.”

“Training: program service expenses 396,614. Management and general expenses 0. Fundraising expenses 0. Total expenses 396,614. Evaluation: program service expenses 158,412. Management and general expenses 0. Fundraising expenses 0. Total expenses 158,412. Ground lease valuation: program service expenses 0. Management and general expenses 5,000. Fundraising expenses 0. Total expenses 5,000. Executive coaching: program service expenses 0. Management and general expenses 11,000. Fundraising expenses 0. Total expenses 11,000.”

“The finance sub-committee will assume responsibility for oversight of the audit, review or compilation of its financial statements and selection of independent accountant.”