The School Foundation Inc

“The executive director and two board members utilizes a board member's accounting firm.”

“The return was prepared by an independent accountant with the assistance and oversight by management. Management presented the prepared form 990 to the executive committee of the board of directors for first-level approval. Following that, the executive committee presented the prepared form 990 to the full board at the first scheduled board meeting after its completion and prior to filing the form with the irs. Discussion of the form 990 with the full board was recorded in the minutes of the meeting. Questions and concerns were addressed by management and the executive committee.”

“This is questioned at the board meetings.”

“Every three years (or more frequently if necessary), the compensation for each school foundation position and employee will be reviewed by the board of directors and/or supervisor. The compensation review is based on a variety of factors, including, but not limited to the education, experience, qualifications and prior performance of the employee; the expertise required for the position; the compensation paid to similary-qualified persons in functionally-comparable positions; and the compensation offered by organizations similar to the school foundation. Comparable salary information is obtained from compensation studies conducted by employer and human resources organizations as well as other school foundations.”

“The school foundation makes its form 990, governing documents, financial statements, and conflicts of interest policy available to the public on its website and by emailing it to the specific requests, as well as photocopies of recent filings of the form 990 are available upon request at the adminstrative office of the organization.”