Goodwill Excel Center Public Charter School

“Pursuant to an administrative support services, staffing and sublicense agreement (the "agreement") between the organization and davis memorial goodwill industries d/b/a goodwill of greater washington (ggw), ggw provides administrative and business support services to the organization as specified in the agreement. The services include: provision of the president & ceo of ggw to serve as the president & ceo of gec, provision of the cfo of ggw to serve as the cfo of gec, provision of the vice-president of mission services of ggw to provide executive level management services to the organization, and provision of the general counsel & corporate compliance officer of ggw to provide legal and compliance services to the organization. The services also include specified accounting, information technology, human resources, marketing, development and facilities maintenance services. The agreement is subject to annual review and modification by the board of directors of gec, and can be terminated for uncured material breach or if the board is dissatisfied with the quality of services provided by ggw.”

“The appointed directors of gec, who make up three of the nine gec board of directors, are appointed by the board of directors of ggw.”

“Gec's federal form 990 is prepared by an independent accounting firm, raffa, pc, and is reviewed internally by senior management. It is then submitted by the president to the board for review prior to filing with the internal revenue service.”

“Under the conflict of interest policy, all interested persons must disclose to the conflict of interests committee the existence of his/her financial or personal interest and all material facts relating to that interest. Disclosure must be done by completing the annual disclosure form and notifying the president & ceo in writing of all information necessary to identify an actual or potential conflict. As a result of monitoring by the conflict of interests committee or the board of directors, and self-monitoring by the interested persons, the president and/or compliance officer shall bring forward any conflict of interest matters to the conflict of interests committee or the board of directors. If a conflict of interest is found to exist, the interested person shall not participate in any discussion or decision with respect to the transaction or arrangement at issue and any decision that would otherwise have been made by the interested person shall instead be made by his/her direct supervisor, provided, however, that, if the interested person with decision making authority concerning the matter at issue is either the president or the chair of the board, such decision shall instead be made by a majority of the directors of the board, who are "disinterested", that is who don't have a conflict of interest. If a potential conflict of interest involves anyone other than a gec board member, the conflict of interests committee shall perform the responsibilities set forth in the gec conflict of interest policy. However, if a potential conflict of interest involves a gec board member, the board shall perform the respective responsibilities set forth in the gec conflict of interest policy.”

“Gec makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Although gec does not have its own website, the financial statements and information about gec are available through a link on ggw's website.”

“Contracted labor: program service expenses 1,887,409. Management and general expenses 91,416. Fundraising expenses 0. Total expenses 1,978,825. Recruitment: program service expenses 3,727. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,727. Professional development: program service expenses 9,181. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,181. Other professional fees: program service expenses 0. Management and general expenses 3,867. Fundraising expenses 0. Total expenses 3,867. Authorizer fees: program service expenses 62,259. Management and general expenses 0. Fundraising expenses 0. Total expenses 62,259.”