Leadership for Educational Equity Foundation

“A majority of the organization's board of directors shall be appointed by the board of directors of leadership for educational equity ("lee"), a related party. Similarly, the board of directors of lee may remove a director from the foundation board, with or without cause.”

“Leadership for educational equity foundation's form 990 is prepared by a national accounting firm in conjunction with the organization's financial department. Upon completion, a copy of the 990 is provided to the full board of directors for comment and review. The board is allocated two weeks to provide comments on the return prior to filing; at the close of those two weeks, the organization electronically files its form 990 with the internal revenue service.”

“The organization operates under its own conflict of interest policy. All individuals serving in the capacity as board member or officer are required to adhere to the conflict of interest policy and complete an annual questionnaire disclosing any potential conflicts with the organization. When an officer or director becomes aware of a potential conflict, he or she shall have a duty to: 1. Immediately disclose the existence and circumstances of the transaction in writing to the board. 2. Refrain from using his or her personal influence to encourage the organization to enter into the transaction. 3. Physically excuse himself or herself from participation in any discussions regarding the transaction with the directors, officers and employees of the organization. The board administers the conflicts policy and reviews the annual conflict disclosure statements. The board has the sole authority to review the operation of the policy and make changes from time to time as it may deem appropriate. Form 990, part vi, line 13 & 14 the foundation operates under its own whistleblower policy and document retention policy which are both included in the employment handbook. Form 990, part vi, line 15a the compensation of the organization's top management official, the executive director, is determined by a group of independent persons, the board of directors. In june 2014, lee reviewed the performance of all its staff as well as its top management officials who had been in their position for at least 90 days as of june 30th. Two key elements of the staff performance review were goals and role competencies identified for that role at the creation of that role or at the beginning of the year. The 360 performance reviews included feedback from peers, managers, direct reports and partners as appropriate. Lee's annual compensation review took place in october and november 2014. In october 2014, lee established a range of compensation increases based on performance ratings (e.g. Higher performers received the higher range of compensation.) finally, the lee human assets team and the executive director then reviewed each staff performance rating, assessed internal equity and agreed on that individual's 2015 compensation.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on leadership for educational equity's website, on guidestar.org, and on other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation, form 990 and by-laws are also available upon written request or by calling the organization directly.”