The Seed Public Charter School of Washington DC

“Prior to the filing of the form 990, the chairman of the finance committee along with the members of the finance committee will review the tax return via electronic form or paper copy. Senior management will wait on the response of the chairman of the finance committee once the review is completed. A copy of the form 990 will be provided to the complete entire voting board of directors prior to filing with the irs.”

“The board of trustees of the seed school of washington, d.c. ("school") have adopted the following policy to assure that all deliberations and actions of the boards and officers are undertaken in a manner that is free of conflicts of interests and the appearance of conflicts of interest so that trustees and officers can act in a manner that is in the best interests of the school, the school's parent and/or any seed sponsored entity. This policy is intended to supplement but not replace any state laws applicable to nonprofit corporations.\n\nthe policy set forth in this statement is applicable to all members of the school board, members of committees with board-delegated powers, and all officers of the school during the period that they serve in such capacity and for a period of one year thereafter ("covered persons").\n\neach covered person has a duty to place the interests of the school, school's parent or any seed sponsored entity foremost in any deliberations, decisions or transactions involving the school. If a covered person, or his or her family, has a conflict of interest or a potential conflict of interest with respect to a particular transaction or on an ongoing basis, the covered person has a duty to disclose the conflict or potential conflict of interest.\n\nif a covered person believes that he or she may have a conflict of interest with respect to any particular transaction or on an ongoing basis, he or she shall promptly and fully disclose the potential conflict to the chair of the board of trustees and the head of school.\n\nthe chair and head of school shall determine whether there is in fact a conflict or appearance of a conflict with respect to a covered person. In determining whether there is a conflict or appearance of a conflict, it is intended that the chair and head of school will exercise their best judgment and, in case of doubt, will err on the side of protecting the school from any conflict or appearance of conflict.\n\neach covered person shall annually sign a statement which affirms that such person:\n1.has received a copy of the conflicts of interest policy; \n\n2.has read and understands the policy;\n\n3.has agreed to comply with the policy; and \n\n4.understands that the school is a charitable organizations and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

“The head of school was hired following a six month search led by an executive recruiting firm. Hiring decision and compensation decisions were made by a special committee of the board of trustees that was supported by the chief operating officer of the seed foundation (related entity) and the executive recruiting firm. Initial salary level for the position was determined based on the salaries of prior heads of school as well as based on the candidate experience. Other compensation was consistent with existing school benefits packages. The managing director was hired following an extensive recruiting and search process. The process of creating the position, determining salary, interviewing and hiring involved a broad group of executive and board-level leadership including the chairman of the school board of trustees, the chief operating officer of the seed foundation, other members of the board of trustees, and the head of school. Salary level for the position was determined based on market rates for comparable positions, school budget, position responsibility and candidate experience. Other compensation was consistent with existing school benefits packages. The director of finance was hired following an extensive search by a recruiting firm. The salary was determined by the managing director and head of school based on the market rates for comparable positions, school budget, position responsibility and candidate experience. Other compensation was consistent with existing school benefits packages.”

“The school makes its governing documents, conflict of interest policy, and financial statements available upon request for the same period of disclosure as set forth in section 6104(d).”

“Compensation determination related organization: the seed school of dc is related to the seed foundation. The seed foundation provides the compensation to eric adler and rajiv vinnakota. The school does not compensate these individuals. The school relies on its related organization's methodology of determining compensation. The following are the compensation determination policies of the seed foundation. The seed foundation board of directors approves the compensation of its officers, directors and key employees as part of approving the annual budget. Members of the board of directors receive no compensation. The board of director set the compensation for officers and key employees by considering two factors1) an informal market analysis of comparable positions 2) what the organization can afford to pay based on it budget constraints.”