Hp Baptist School Foundation

“During 2021, the significant changes to the foundation's certificate of formation included: during 2021, the significant changes to the foundation's bylaws included: 1. The addition of a provision which disallows the making of loans to any member of the board of directors or officers of the foundation except for certain loans to officers for the purpose of financing their principal residence. 2. The addition of a provision which disallows the distribution of funds for the benefit of hyde park baptist church other than to provide scholarships for students who are members of such church. 3. The addition of a section addressing the disposition of assets upon dissolution, to stipulate that such assets will be distributed to hp school foundation ii, so long as it remains qualified as a 501(c)(3) organization. 4. An update to reflect that the board of directors is determined as follows: the board of directors must have at least sixty percent of its members who meet all of the following criteria: (a) currently or within the past two years have at least one child enrolled in the school, have a child graduate from the school and/or be an alumna of the school; (b) be a member in good standing of a christian church other than hyde park baptist church or its successor; and (c) actively support the core values of the school. Further, not more than one-third of the directors shall be members of hyde park baptist church. No employee or consultant of hyde park baptist church may be a member of the board of directors. The school, through its board of directors elects members to the board of directors who meet the criteria set forth above. 5. The addition of an article addressing the foundation's conflict of interest policy. 6. An update to provide that 66% of the eligible and voting members of the board of directors must approve any amendments to the bylaws and that certain sections may not be amended.”

“The board of directors of the hyde park baptist school elects the foundation's board of directors.”

“Until april 30, 2021, the foundation's bylaws could only be amended with the approval of 2/3 of the eligible and voting members of the school's board of directors.”

“The foundation did not have any committees with the authority to act on behalf of the governing body during the year.”

“The treasurer and the board members of the organization review and approve the form 990 prior to submission.”

“The board of directors reviews and discusses any potential known conflicts of interest. None have arisen to date and, thus, no disclosure has been necessary.”

“The foundation makes its governing documents and financial statements available to the public upon request.”

“Melissa butler is the cfo of hyde park school and serves in a volunteer capacity as an officer of the foundation. The compensation reported is from the school and is for her services to the school, not the foundation.”