Education Foundation of Teton Valley

“Form 990 is reviewed by members of the finance committee and the executive director independently. It is then discussed at a finance committee meeting and, finally, the results are summarized and presented at a full board of directors' meeting.”

“The conlfict of interest policy is reviewed on an annual basis and enforced by the executive committee of the board of directors. It is a point of order before voting occurs.”

“Salaries are reviewed annually by the finance and executive committees as part of the budgeting process and are compared to other salaries of comparable-sized organizations. Salaries are reviewed and approved by the entire board of directors.”

“Governing documents are made available to the public upon request.”

“The education foundation of teton valley's (eftv) other programs include: a hearing and vision screening for k-3 students, 7th grade students, and 11th grade students each year; girls actively participating (gap)summer program for middle school girls that teaches leadership, integrity, and character- building skills; teton high school academic awards banquet honoring the high school's top ten percent in academics (cancelled in 2020 due to covid-19); abriendo puertas (opening doors) program that teaches hispanic parents to become their child's first educator; expedition yellowstone that provides an annual, week-long science trip for fifth-grade students to yellowstone national park; and teton high school robotics program that teaches students to design, program, build, and execute a robot that has to meet specific requirements in a regional competition. In 2020, eftv undertook two unique projects. First, eftv raised funds to transition the teton high school mascot from a native american name (teton redskins) to the teton timberwolves. Second, eftv provided hotspots to facilitate at-home learning for teachers and students in need during the covid-19 pandemic. The education foundation of teton valley was awarded a matching donation of 50,000 a year for five years to start an endowment campaign. After hiring a consultant to train the board members in major gift fundraising, the education foundation of teton valley board of directors is in the second year of a five-year program to raise 250,000 that will be matched by the anonymous donor. Education foundation of teton valley raises funds a year in advance to ensure adequate support for all of its programs. This revenue must be carried over from one year to the next and shows up on our financials as a profit. In reality, these funds are earmarked and used during the following year. In addition, our fiscal year is july through june and our major fundraiser for operational funds is held during june through august. Funds are awarded in late august which creates a two-month gap in funding. The education foundation of teton valley is trying to build a small reserve that will be used to carry the foundation from one fiscal year to the next without a negative balance.”