Ilead Schools Development

“The organization does not have any committees that can act on behalf of the board.”

“The form 990 is prepared by the organization's outside public accounting firm based on information provided by management. Once a draft of the return is available, it is reviewed by management with any changes or revisions incorporated into the filing. The revised return is then submitted to the board of directors for their review and approval prior to submitting to the irs.”

“The officers, directors, and the trustees are required to disclose all potential conflict of interests. The board reviews any conflicts presented by interested parties. The chairperson appoints a disinterested person or committee to investigate the transaction in question and report findings to the board. Alternatives to the proposed transaction are identified and compared to the proposed transaction. The board votes on the most beneficial option for the organization. If the board has reason to believe an interested person has failed to disclose the potential conflict, the board will investigate further and if necessary, take appropriate disciplinary and corrective action.”

“Human resources performs market research based on industry and size when determining compensation for officers or key employees of the organization. The board reviews and approves the compensation amounts.”

“The documents are readily available to the public upon request.”

“Professional services - payroll fees: program service expenses 0. Management and general expenses 229,407. Fundraising expenses 0. Total expenses 229,407. Professional services - consultant fees: program service expenses 645,469. Management and general expenses 83,726. Fundraising expenses 0. Total expenses 729,195. Professional services - benefits management/administration: program service expenses 2,386,511. Management and general expenses 309,565. Fundraising expenses 0. Total expenses 2,696,076. Professional services - shared/leased employees: program service expenses 1,667,374. Management and general expenses 216,282. Fundraising expenses 0. Total expenses 1,883,656. Professional services - contributions/donations: program service expenses 0. Management and general expenses 10,000. Fundraising expenses 0. Total expenses 10,000. Student services expenditures - student & group activities: program service expenses 2,202. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,202.”

“The process has not changed from prior year.”