Leadership for Educational Equity Foundation

“Michael buman, lee foundation's executive director and president, has a business relationship with emma bloomberg, the chairperson of lee foundation's board of directors. He consults for murmuration, an organization on whose board emma bloomberg sits.”

“A majority of the organization's governing body is appointed by the directors of leadership for educational equity, a related organization. The directors of leadership for educational equity may also remove a director from the organization's governing body with or without cause.”

“The prepared form 990 is provided to the members of the governing body for comment and review. The members of the governing body are allocated two weeks to provide comments on the return prior to its filing. At the close of those two weeks, the organization electronically files the return with the internal revenue service.”

“All individuals serving in the capacity of a director 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 a director or officer 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 governing body; (2) refrain from using his or her personal influence to encourage the organization to enter into the transaction; and (3) physically excuse himself or herself from participation in any discussions regarding the transaction with the directors, officers, and employees of the organization. The governing body administers the conflict of interest policy and reviews the annual disclosure statements. The governing body has the sole authority to review the operation of the policy and make changes from time to time as it may deem appropriate.”

“Lee foundation shares employees and other resources with leadership for educational equity. The two organizations operate under a resource sharing agreement that sets forth how resources are shared and paid for. One such resource is the top management official of leadership for educational equity, who performs some work on lee foundation's behalf. The top management official's compensation is determined by a group of independent persons, the lee board of directors.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon written request or by calling the organization directly.”