The International Academy of Hope

“The sole member of the organization is young adult institute, inc.”

“Young adult institute, inc. As the sole member has the ability to appoint board members.”

“Young adult institute, inc. Has the ability to remove board members and override board decisions.”

“The international academy of hope has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by the chairman of the board and the finance committee and is ready to be filed with the internal revenue service, it is electronically sent to the board for approval. Once the board has approved the return, it is filed with the internal revenue service.”

“Each director, officer, and key employee shall annually sign and submit to the secretary of the corporation a statement which affirms such person: (a) has received a copy of the conflict of policy, (b) has read and understands the policy, and (c) has agreed to comply with the policy. A related party transaction is not necessarily a prohibited transaction. Under the policy, if the corporation contemplates entering into a related party transaction, the independent directors of the board must determine if the transaction is fair, reasonable, and in the best interests of the corporation at the time of such determination. If at any time, during his or her term of service a related party acquires any financial interest or when any matter for decision or approval comes before the board in which a related party has a financial interest, that financial interest or potential related party transaction must be promptly disclosed in writing to each member of the board, the president, and to the chair of the appropriate board committee, together with all material facts. All transactions, agreements or any other arrangements between the corporation and a related party, and any other transactions which may involve a potential conflict of interest, shall be reviewed by the independent directors of the board. All related parties with a financial interest shall leave the room in which such deliberations are conducted.”

“The financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request or by calling the organization directly.”

“The process has not changed from the prior year.”