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.”

“An amendment to the articles of incorporation was filed with the state of california to clarify the corporation is organized exclusively for charitable purposes. Upon dissolution, remaining assets shall be distributed to an organization operated exclusively for charitable purposes.”

“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 and governance board meetings.”

“AVAILABLE UPON REQUEST”

“Other program services expenses: program - family resource center - $22,371 program - atrium exhibit - $19,175 program - career academy - $9,587 program - nutrition policy - $6,392 program - other - $116,467 other program services revenue - $181,847 - reimbursed shared costs first 5 santa clara county - $29,978 east side union high school district - $47,129 santa clara county office of education - $99,644 refund of engineering fees - $5,096 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 32,086. Management and general expenses 11,000. Fundraising expenses 0. Total expenses 43,086. Evaluation: program service expenses 199,890. Management and general expenses 0. Fundraising expenses 0. Total expenses 199,890. Payroll processing: program service expenses 572. Management and general expenses 1,554. Fundraising expenses 297. Total expenses 2,423. Consulants: program service expenses 0. Management and general expenses 41,012. Fundraising expenses 0. Total expenses 41,012.”

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