Learning Policy Institute

“The Form 990 was prepared by a Certified Public Accountant. The prepared Form 990 was forwarded to the Chief Financial Officer for review. Following the review by the CFO, the Form 990 was forwarded to the management team and to all members of the governing Board prior to filing.”

“Each Member of the Board of Directors is required to complete a conflict of interest form. Those forms are reviewed by the Board Chair and any perceived or actual conflicts of interest are addressed.”

“The Organization has adopted a policy with regard to establishing the compensation of the CEO and the CFO that fulfills the requirements for invoking the rebuttable presumption of reasonableness under Treas. Regs. 53.4958-6. Pursuant to that policy, the process for determining the compensation of the Organization's CEO and CFO included a review and approval by independent persons, a review of comparable compensation data and contemporaneous substantiation of the deliberation and decision making process. The compensation of the other members of the management team was established by the Board based upon the compensation earned by persons performing like services for like organizations.”

“The Institute's Form 990 is available upon request. The Institute's governing documents, conflict of interest policy, and financial statements available as required by the State of California and the federal government.”

“IT Support: Program service expenses 19475. Management and general expenses 3171. Fundraising expenses 594. Total expenses 23240. Other: Program service expenses 5839. Management and general expenses 951. Fundraising expenses 178. Total expenses 6968. Program Consultants: Program service expenses 617182. Management and general expenses 0. Fundraising expenses 0. Total expenses 617182. Communications Consultants: Program service expenses 252905. Management and general expenses 5161. Fundraising expenses 0. Total expenses 258066.”

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