Grace Place Learning Center

“Organization's process to review form 990 is presented at a board meeting prior to submitting it to the irs.”

“Enforcement of conflicts policy section 3: procedures a. Duty to disclose in connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed trancaction or arrangement. B. Determing whether a conflict of interest exists after disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee metting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a confilct of interest exists. C. Procedures for addressing the conflict of interest i) an interested person may make a presentaiotn 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 arrangment involving the possible conflict of interest. Ii) the chairperson of the governing board or committee shall, if appropratie, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. Iii) after exercising due diligence, the governing board or committee shall or possible conflict of interest, it shall take appropriate disciplinary and corrective actions. Determine wheter 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. Iv) if a more advantageous transaciton or arrangement is not reasonabley possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majorituy vote of the disinterest directors whether the transaction or arrangment is in the orgainazion'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. D. Violations of the conflicts of interest policy i) 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 alledge failure to disclose. Ii) 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 actions.”

“- line 15a - compensation process for top official the board of directors sets compensation for the executive director. Line 15b - compensation process for officers the board of directors sets compensation for key employees”

“Governing documents disclosure explanation requests may be made at the organization's office”

“Auto/Bus Expense - $3594.93 Business Expenses - 6130.28 Classroom Operations - 29800.44 Staff/Training Expenses - 5491.44”