The Learning Accelerator

“The form 990 is reviewed by the chief executive officer. A copy of the final form 990 is furnished to all board members prior to filing with the internal revenue service.”

“To ensure tla operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: (a) whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining. (b) whether partnerships, joint ventures, and arrangements with management organizations conform to tla's written policies, are properly recorded, reflect reasonable investments or payments for goods and services, further charitable purposes, and do not result in inurement, impermissible private benefit, or an excess benefit transaction.”

“The compensation of the ceo is reviewed and approved by independent members of the board of directors, after a review of comparability data. The review process is documented on a contemporaneous basis. The most recent compensation review that took place was during october 2024. Form 990, part vi, section b, line 15b: for tla's other officers or key employees, tla's governance committee (comprised of board members) recommends a compensation increase, which is then approved by tla's full board of directors during a board meeting.”

“Tla makes its governing documents, conflict of interest policy, financial statements, and federal form 990 available to the public upon request.”

“Programmatic consultants: program service expenses 453,241. Management and general expenses 0. Fundraising expenses 0. Total expenses 453,241. Professional development: program service expenses 90,390. Management and general expenses 1,218. Fundraising expenses 0. Total expenses 91,608. Consulting services: program service expenses 53,976. Management and general expenses 23,947. Fundraising expenses 0. Total expenses 77,923. Payroll processing fees: program service expenses 12,662. Management and general expenses 1,864. Fundraising expenses 335. Total expenses 14,861.”

“Tla has a committee that assumes responsibility for oversight of the audit and selection of an auditor and neither the oversight process nor selection process were changed during the tax year.”