Piedmont Public Schools Education Foundation

“No donor advised funds exist.”

“Form 990 is sent electronically to entire board for review. The minutes of the board meeting will reflect said review and approval of Form 990 prior to filing.”

“Every Board member signs an annual form at the beginning of each board term year acknowledging any conflicts of interest. We do not enter into contracts with any company or individual that is a related party, so the opportunity for a conflict to occur is minimal. Our community is also small, and a conflict of interest event would become known and addressed.”

“All changes to our bylaws and governance documents are approved at our board meetings and documented in the minutes.”

“Our executive directors compensation is approved by the board through our budgeting process. The executive branch discusses her performance and compensation and makes a recommendation to the board annually before the budget process begins.”

“The Foundation began offering the opportunity to provide a vehicle for pass through funding whereby the Foundation would receive donations or grant money for a specific purpose from an outside source and within 12 months would spend the funds as designated. The purpose must still fall within our mission, but allows for additional projects outside the boards efforts.”

“Our conflict of interest policy, financial statements, and governing documents are currently available to the public upon request, and requests can be made via email to our Executive Director or the PPSs administrative office, via website, or any other method a person locates us.”

“The Foundation received funding during FYE June 30 2025 for two projects that were not paid out until after the FYE. The timing of the projects completion misrepresented the net revenues over expenses for the FYE June 30 2025 and would also misrepresent the FYE June 30 2026 net revenues over expenses. To better report net Foundation activity, our results are reported on an Accrual basis.”

“The board members have the power to elect the exective branch of the board. All board member positions must be slated and approved by a vote of the board. No one member has the power to appoint anyone.”