Inman Park Cooperative Preschool Inc

“All board members are parents of the kids at the school so there are related board members where both parents are on the board”

“Any vacancy occurring in the board of directors by reason of death, resignation, removal or incapacity to serve may be filled by the affirmative vote of a majority of the remaining board members but only for a term of office continuing until the next annual election of board members by the general membership body. The board members may fill a vacancy created by an increase in the number of board members, but only for a term of office continuing until the next annual election of the board members by the members and the election and qualification of such board members successor. If no appointee can be determined to fulfill the duty of the vacancy, the management team assumes responsibility for that chair and committee. In the event no volunteers are nominated for a board seat, the management team may appoint a chair to fulfill the term without election by the general body. These officers and directors board shall take office effective june 1. The membership will also approve any revisions to the cooperative work requirements for the subsequent year and/or any revisions to policies and procedures.”

“The taxpayers accounting firm forwarded form 990 to the head of school, who in turn furnishes copies of form 990 to the executive committee consisting of the president, vice president, secretary, treasurer, and head of personnel. After review by the executive committee all questions are forwarded to the taxpayers accounting firm for answering. Once addressed, the form 990 is provided to all board members for review. Questions are forwarded to the treasurer who either addresses the questions or forwards them to the accounting firm.”

“Board members and key employees are asked to complete annual forms to disclose any conflicts of interest”

“All corporate officers are members of the board of directors. Directors do not receive any compensation or benefits of any kind. Board determines the compensation for the head director of the school and sets policy guidelines as to annual salary increases for all other employees.”

“Compensation is determined by personnel committee and board after research of similar compensation”

“AVAILABLE BY REQUEST”

“Ln 8. ERC RECEIVABLE WAS RECORDED IN PRIOR YEARS, BUT RECEIVED AND RECORDED AS INCOME ON 2022 TAX RETURN. THE RECEIVABLE WAS NOT REVERSED. NO ERC IS RECORDED ON PRIOR YEAR RETURNS AS A RESULT, AND NO AMENDED RETURNS REQUIRED.”