Educationsuperhighway

“Two out of the six board members are considered non-voting members throughout the year.”

“The form 990 is prepared by an outside tax professional. The form is then reviewed by the organization's management. After a full review (with modifications where necessary), the final version of the tax return is provided to all members of the organization's voting body.”

“Members of the board of directors review all potential conflicts of interest at least annually. The president/ceo and all board members are required to disclose (in writing) potential conflicts and any related party affiliations. The organization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organziation's policies and procedures.”

“The managers of the leadership team propose salary adjustments, based on benchmark data for staff and external research, to the ceo who will then review and approve these requests. The board of directors receives quarterly reports of both actual expenses and budgeted personnel expenditures, which are reviewed at the corresponding board meetings.”

“All of the organization's governing documents, financial statements and other legal filings are maintained in a secure environment and held available for inspection by tax authorities and the general public. Tax returns are posted annually to www.guidestar.org (where it is available for viewing as an electronic copy) and are also available at the organization's office in san francisco, california (for a physical inspection).”

“Other professional services: program service expenses 12,845. Management and general expenses 1,236. Fundraising expenses 0. Total expenses 14,081. Program related contract services: program service expenses 828,591. Management and general expenses 79,753. Fundraising expenses 0. Total expenses 908,344. Payroll processing fees: program service expenses 32,258. Management and general expenses 3,105. Fundraising expenses 0. Total expenses 35,363.”

“Correction of accrued prior year contribution revenue -1,250,000.”

“The process of overseeing the audit and selecting an independent accountant has not changed from the prior year.”