Education Cities Inc

“When the 990 is ready to review, it is sent to the chief executive officer and chief strategy officer. If any changes are necessary, they are made at that time. The 990 is then forwarded to the full board with recommendations to approve. If there are no changes necessary, the 990 is approved.”

“The organizations directors, officers and employees have the continuing, affirmative duty to report any personal ownership, interest, or other relationship that might affect their ability to exercise impartial, ethical and business-based judgments in fulfilling their responsibilities. Annually, the directors, officers and employees are required to complete a disclosure statement regarding any actual or potential conflicts of interest. The board is responsible for oversight of all disclosures or failures to disclose and for taking appropriate action in case of any conflict of interest transaction.”

“Compensation for the ceo is determined and approved by the board, led by the board chair. The chief strategy officer's salary is approved by the ceo. A compensation study was conducted as part of the organizations start up procedures and the salaries were at the 25-50% benchmark for comparable roles at comparable organizations. A compensation study is expected to be conducted approximately every three years.”

“The organizations governing documents are available upon request.”

“Website and design: program service expenses 2,000. Management and general expenses 1,000. Fundraising expenses 1,000. Total expenses 4,000. Consulting: program service expenses 156,821. Management and general expenses 0. Fundraising expenses 0. Total expenses 156,821.”

“The board of directors assumes responsibility for oversight of the audit and selection of the independent auditor.”