See Forever Foundation

“The director of finance reviews the draft 990 with the ceo, addressing all questions the ceo may have and making any necessary changes. The ceo then distributes the updated draft to the treasurer, addressing all questions the treasurer may have and making any necessary changes. The ceo then distributes the final draft via email with a notice that they are to respond to the treasurer with any question/comments within five business days. Once the five days have expired and all questions have been fully addressed by the treasurer, the ceo and/or the director of finance, the treasurer then notifies the director of finance via email that the 990 is ready to file.”

“Each member of the board shall annually sign a statement which affirms that such person: a. Has received a copy of the conflict of interest policy b. Has read and understands the policy c. Has agreed to comply with the policy, and d. Understands the corporation is a charitable organization and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish on or more of its tax-exempt purposes. The conflict of interest policy is constantly monitored by the ceo, assistant to the ceo, the director of finance, and the board of directors through review and approval procedures. Annually board members and key staff complete a conflict of interest disclosure form identifying any relationships or circumstances which the board or staff member believes could contribute to a conflict of interest. An employee of the corporation with a potential conflict of interest in a particular matter shall promptly and fully disclose the potential conflict to his/her supervisor. The employee shall thereafter refrain from participating in deliberations and discussion, as well as any decisions, relating to the matter and follow the direction of the supervisor as to how the corporation decisions which are the subject of the conflict will be determined. The ceo shall be responsible for determining the proper way for the corporation to handle corporation decisions which involve unresolved employee conflicts of interest. In making such determinations, the ceo may consult with legal counsel.”

“Before approving the compensation of the ceo, the board shall determine that the total compensation to be provided by the corporation to the ceo is reasonable in amount in light of the position, responsibility and qualification of the officer for the position held, including the result of an evaluation of the officer's prior performance for the corporation, if applicable. In making the determination, the board shall consider total compensation to include the salary and the value of all benefits provided by the corporation to the individual in payment for services. At the time of the discussion and decision concerning the ceo's compensation, the ceo should not be present in the meeting. The board shall obtain and consider appropriate data concerning comparable compensation paid to similar officers in like circumstances. The board shall set forth the basis for its decisions with respect to compensation in the minutes of the meeting at which the decisions are made, including the conclusions of the evaluation and the basis for determining that the individual's compensation was reasonable in light of the evaluation and the comparability data.”

“The organization makes its governing documents, (bylaws and article of incorporation), conflict of interest policy, and financial statements available to the public upon request. The form 1023, application for exemption is made available on location of the organization. The form 990 is also available for public inspection on guidestar.”

“To create learning communities in lower income urban areas where all students, particularly those who have not succeeded in traditional schools, can reach their potential and prepare for college, career, and a lifetime of success. To further its mission, the foundation manages three schools: the maya angelou academy at new beginnings youth development center, the maya angelou public charter school (an alternative high school) and the maya angelou young adult learning center.”

“Angelou academy at new beginning youth development center, the maya angelou public charter school (an alternative high school) and the maya angelou young adult learning center. The high school and the young adult learning center are both part of a single charter.”

“Interest rate swap valuation adjustment 136,408 prior to june 30, 2017, a donation of artwork was provided to the see forever foundation. The fair value at the time of donation was determined to be 10,000. Accordingly, an adjustment of 10,000 was made to increase the fixed asset-artwork account and a respective adjustment was made to increase previously reported unrestricted net assets. As of june 30, 2017, the amount reflected as being receivable from the maya angelou charter school was understated by an amount of 22,567. Accordingly, an adjustment of 22,567 was made to increase the amount receivable from the charter school and a respective adjustment was made to increase previously reported unrestricted net assets. As of june 30, 2017, the amount of payroll taxes and accounts payable were understated by an amount of 6,414. Accordingly, an adjustment of 6,414 was made to increase the liability accounts and a respective adjustment was made to decrease previously reported unrestricted net assets. As of june 30, 2017, the amount recorded as receivable from e-rate for technology reimbursements was overstated by 35,015. Likewise, other grants and accounts receivable were understated by a total amount of 21,731. Accordingly, an adjustment of 13,284 was made to decrease the grants and accounts receivable asset account and a respective adjustment was made to decrease previously reported unrestricted net assets. As of june 30, 2017, the amount of accrued interest on loans payable was understated by 16,031. In addition, payroll taxes and accounts payable were overstated by an amount of 18,419. Accordingly, an adjustment of 2,388 was made to decrease the liability accounts and a respective adjustment was made to increase previously reported unrestricted net assets.”