Open Up Resources

“The organization amended its bylaws to reflect the following changes: (i) authorize three (3) new committees: a program committee, a finance committee and a governance committee, and (ii) delegate its authority to approve compensation to the executive committee.”

“Upon completion of the draft, the form 990 was reviewed in a meeting between the cfo, the finance team members, and the preparer of the form 990. A copy of the final form 990 was furnished to all board members. Paid preparers presented the 990 at a board meeting and responded to questions from board members.”

“The organization regularly requests board members, officers, key employees disclose financial and other relationships that could potentially result in a conflict of interest. Should such a conflict arise, the board members shall assign a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. If the board of directors or committee has reasonable cause to believe an individual has failed to disclose actual or possible conflicts of interest, it shall inform the individual and afford said an opportunity to explain. Appropriate disciplinary and corrective action may be taken as determined by the board.”

“The chief of staff completes an annual market analysis for compensation, and updates the job architecture program document to include salary ranges for all employees. The ceo and senior leadership team reviews this document and approves annually. The board of directors performs an annual review for the ceo and approves the ceo salary via the governance committee. The ceo works with the chief of staff to evaluate the senior leadership team's annual salary, with financial approval from the cfo.”

“Governing documents, financial statements, and conflict of interest policy are all made available upon request for the same time period set forth in sec. 6104(d).”

“During the challenging pandemic, our redesigned the annual teacher-partner conference which we call hive to a 100% virtual model - highly effective move for both our and our participants and oversubscribed. Since our as an organization is designed from the ground up as a virtual organization, we did not have to significantly change our other programs or way of working due to the pandemic.”