The Village Learning Place Inc

“The Form 990 is prepared by the organization's accountant. As agreed by the Board in September 2009, the Form 990 is distributed to all Board members via email one week prior to submission. Board members are given the opportunity to review and ask questions of the Executive Director or Board Treasurer.”

“Members of the Board shall disclose any possible conflict of interest pertaining to themselves or their immediate families to the Board President or Executive Committee of the Board. Members of the staff shall disclose any possible conflict of interest for themselves or their immediate families to their immediate supervisor at the organization.When any such conflict of interest is relevant to a matter requiring action by the Board of Directors, the interested person shall call it to the attention of his or her immediate supervisor at the organization or, in the case of members of the Board, to the President or Executive Committee. Such member of the Board shall not vote on the matter.Furthermore, at the time of voting by Board or Executive Committee, the person having a conflict shall retire from the room in which the vote is being taken. That person shall not participate in the final deliberation or decision regarding the matter under consideration. However, that person shall provide the Board President or Executive Committee with any and all relevant information.The minutes of the meeting of the Board or Executive Committee shall reflect that the conflict of interest was disclosed and that the interested person was not present during the final discussion or vote and did not vote. When there is a doubt as to whether a conflict of interest exists, the matter shall be resolved by the vote of the Board of Directors or Executive Committee. The person shall not vote on the preliminary deciding question regarding the conflict.A Conflict of Interest Statement of intended compliance is signed annually by each member of the Board and/or staff. Each signed statement will be retained in the files of the organzation. Incoming members and staff must execute this statement before their appointment is complete.”

“The Executive Committee of the Board reviews the Executive Director annually and determines compensation. In order to help with this determination, a salary compensation report was obtained from the Maryland Association of Nonprofit Organizations to review executive salaries at comparable size and type organizations.”

“governing documents, the conflict of interest policy and financial statements are available to the public upon request.”