Hslda Action

“The governing body is made up of members only.”

“Prior to mailing each 990 is sent from the CFO to all of the board members for their review of the informational return. Each board member emails the CFO back confirming that they have received a copy of the 990. Once a majority have responded back each 990 is filed electronically.”

“Annually the organizations conflict of interest policy is reviewed and updated to reflect changes during the course of the year. All board members and staff are required to acknowledge that they have read and are in compliance with the policy. Any conflict of interest is disclosed by the Director of HR President or CFO to the Board who will make a determination whether the conflict is acceptable or not based on the circumstances. Should a Board member have a conflict they are to physically excuse themselves from any discussions and decisions regarding the issue.”

“The presidents salary is approved by the HSLDA Board Compensation Committee by reviewing comparability data and contemporaneous documentation from other nonprofit organizations. All other salaries are set by the President in cooperation with Human Resources which provides competitive market salary data obtained from external compensation surveys.”

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

“The organization obtained HSLDA On-Line Academy to provide homeschool students live educational instruction and AP courses.”

“| Explanation:| Membership Development Expenses: The organization uses resources to increase membership and those expenses are shown on the audited financial statements separate from program management & general or fundraising expenses. On Part IX for Form 990 these expenses are included under management and general expenses on line 24. The organization believes this is the appropriate treatment as these expenses are not considered fundraising or program expenses.”