Teacher Prep Inspection-Us Inc

“Charles coble and edward crowe have a business relationship.”

“The prepared form 990 is reviewed by management and the members of the governing body before the return is filed with the irs.”

“In connection with any actual or possible financial conflicts of interest or dual interest, an interested person must disclose the existence of his or her financial interest or dual interest and all material facts to the board of directors or members of committees considering the proposed transaction or arrangement or interest. The disclosure required by this section shall be in writing, on a form prescribed by the board, and shall be submitted no less frequently than annually. Disclosure forms shall be updated on an interim basis by the interested person whenever there has been a material change in the underlying facts and circumstances. An interested person may make a presentation at the board or committee meeting, but after such presentation he/she shall, if requested by the disinterested director(s), leave the meeting during the consideration of, and the vote on, the transaction or arrangement or dual interest that results in the conflict of interest. The remaining disinterested director(s) shall consider the conflict and its effect on tpi-us. The remaining disinterested director(s) may, if deemed appropriate, appoint one or more additional disinterested persons or a disinterested committee to investigate alternatives to the proposed transaction or arrangement. After consideration and exercising any due diligence that may be necessary or appropriate, the remaining disinterested director(s) shall determine whether the conflict is sufficiently insubstantial that it may be waived. If the remaining disinterested director(s) determine(s) that further inquiry is appropriate, said director(s) may proceed to determine whether tpi-us can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest or, in the case of a dual interest, whether one of the dual interests must be eliminated. If a more advantageous transaction or arrangement, or a mitigation of the dual interest, is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the disinterested director(s) shall determine whether the transaction or arrangement or dual interest is fair and reasonable and in tpi-us's best interests and shall make a decision as to whether to enter into the transaction or arrangement, or permit the dual interest to continue, in conformity with such determination.”

“The ceo and top management contracts and salaries are discussed and approved as part of the budget review/approval process by the board.”

“The organization made its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Inspection consulting fees: program service expenses 280,616. Management and general expenses 0. Fundraising expenses 0. Total expenses 280,616. Other professional fees: program service expenses 80,625. Management and general expenses 36,785. Fundraising expenses 56,147. Total expenses 173,557.”