Grand Island Public Schools Foundation

“The 990 is reviewed by the audit committe and then recommended to the board for their approval.”

“At the bottom of each board agenda there is a notification to the board members indicating that if they have a conflict of interest on the agenda they should contact the board president. At the begining of every board meeting, they discuss the agenda to see if anyone has a conflict of interest. If an interested person exists, they may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict. The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the governing board or committee shall determine whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“The grand island public schools foundation board shall utilize either its human resources committee or executive committee to annually evaluate the executive director on his/her performance, and ask for his/her input on matters of performance and compensation. The human resource or executive committee will obtain research and information to make a recommendation to the full board for the compensation (salary and benefits) of the executive director (and other highly compensated employees or consultants) based on a review of comparability data. For example, the human resource or executive committee will secure data that documents compensation levels and benefits for similarly qualified individuals in comparable positions at similar organizations. To approve the compensation for the executive director (and other highly compensated employees and consultants) the board must document how it reached its decisions, including the data on which it relied, in minutes of the meeting during which the compensation was approved.”

“The grand island public schools foundation has recently posted their governing policies on their website and will be posting the most recent 990 on their website once it is filed.”

“Volunteers perform duties such as office work, concession sales, event planning and execution and scholarship application review.”

“Fundraising exp netted with revenue 163,155 fundraising exp netted with revenue -163,155”