Civic Intelligence

Professional Association of Georgia Educators Foundation Inc

EIN 58-1740503 • 501(c)3 • Atlanta, GA

Profile

The mission of the page foundation is to promote world-class education for all of georgia's children through initiatives that recruit, develop, retain and recognize highly accomplished teachers.

PO Box 942270Atlanta, GA 31141-2270

www.pagefoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

21st percentile

0.00x

Higher debt load relative to revenue than 21% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

93rd percentile

63%

Higher net margin than 93% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

66th percentile

9.9%

Faster asset growth than 66% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

30th percentile

-4.1%

Faster revenue growth than 30% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,388,039

Up $215,901 (+9.9%) from 2023

Liabilities

Up

$200

Up $200 from 2023

Net Assets

Up

$2,387,839

Up $215,701 (+9.9%) from 2023

Revenue

Down

$332,852

Down $14,398 (-4.1%) from 2023

Expenses

Up

$124,645

Up $18,831 (+18%) from 2023

Net Income

Down

$208,207

Down $33,229 (-14%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2010: $1,437,928Liabilities 2010: $242,522Net Assets 2010: $1,195,4062010Assets 2011: $1,570,327Liabilities 2011: $159,011Net Assets 2011: $1,411,3162011Assets 2012: $1,494,125Liabilities 2012: $73,777Net Assets 2012: $1,420,3482012Assets 2013: $1,498,918Liabilities 2013: $62,112Net Assets 2013: $1,436,8062013Assets 2014: $1,655,102Liabilities 2014: $58,311Net Assets 2014: $1,596,7912014Assets 2015: $1,715,938Liabilities 2015: $111,900Net Assets 2015: $1,604,0382015Assets 2016: $1,530,204Liabilities 2016: $46,109Net Assets 2016: $1,484,0952016Assets 2017: $1,633,051Liabilities 2017: $48,644Net Assets 2017: $1,584,4072017Assets 2018: $1,607,348Liabilities 2018: $1,065Net Assets 2018: $1,606,2832018Assets 2019: $1,637,869Liabilities 2019: $0Net Assets 2019: $1,637,8692019Assets 2020: $1,667,328Liabilities 2020: $0Net Assets 2020: $1,667,3282020Assets 2021: $2,132,684Liabilities 2021: $2,522Net Assets 2021: $2,130,1622021Assets 2022: $2,018,591Liabilities 2022: $80Net Assets 2022: $2,018,5112022Assets 2023: $2,172,138Liabilities 2023: $0Net Assets 2023: $2,172,1382023Assets 2024: $2,388,039Liabilities 2024: $200Net Assets 2024: $2,387,8392024

Highlighted filing

2024

Assets$2,388,039
Liabilities$200
Net Assets$2,387,839

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $885,0042010Expenses 2011: $927,5212011Expenses 2012: $806,5742012Expenses 2013: $820,0642013Revenue 2014: $1,019,335Expenses 2014: $885,846Net Income 2014: $133,4892014Revenue 2015: $679,215Expenses 2015: $767,182Net Income 2015: -$87,9672015Revenue 2016: $607,198Expenses 2016: $702,505Net Income 2016: -$95,3072016Revenue 2017: $260,529Expenses 2017: $267,166Net Income 2017: -$6,6372017Revenue 2018: $249,138Expenses 2018: $261,665Net Income 2018: -$12,5272018Revenue 2019: $134,570Expenses 2019: $133,843Net Income 2019: $7272019Revenue 2020: $105,389Expenses 2020: $68,914Net Income 2020: $36,4752020Revenue 2021: $214,208Expenses 2021: $68,496Net Income 2021: $145,7122021Revenue 2022: $349,575Expenses 2022: $83,827Net Income 2022: $265,7482022Revenue 2023: $347,250Expenses 2023: $105,814Net Income 2023: $241,4362023Revenue 2024: $332,852Expenses 2024: $124,645Net Income 2024: $208,2072024

Highlighted filing

2024

Revenue$332,852
Expenses$124,645
Net Income$208,207

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.39$0.00$2.39$0.33$0.12$0.21
2023Detailed filing. Detailed filing data is available for this year.$2.17$0.00$2.17$0.35$0.11$0.24
2022Detailed filing. Detailed filing data is available for this year.$2.02$0.00$2.02$0.35$0.08$0.27
2021Detailed filing. Detailed filing data is available for this year.$2.13$0.00$2.13$0.21$0.07$0.15
2020Detailed filing. Detailed filing data is available for this year.$1.67$0.00$1.67$0.11$0.07$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.64$0.00$1.64$0.13$0.13$0.00
2018Detailed filing. Detailed filing data is available for this year.$1.61$0.00$1.61$0.25$0.26$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.63$0.05$1.58$0.26$0.27$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.53$0.05$1.48$0.61$0.70$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.72$0.11$1.60$0.68$0.77$0.09
2014Detailed filing. Detailed filing data is available for this year.$1.66$0.06$1.60$1.02$0.89$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$0.06$1.44$0.82
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$0.07$1.42$0.81
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.57$0.16$1.41$0.93
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.44$0.24$1.20$0.89
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Dec 23, 2024
Return Version
2023v6.0
Gross Receipts
$768,095
Mission and Program Overview

Mission

The mission of the page foundation is to promote world-class education for all of georgia's children through initiatives that recruit, develop, retain and recognize highly accomplished teachers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,898,453$2,098,587▲ $200,134
Cash and Non-Interest-Bearing Accounts$265,845$284,473▲ $18,628
Prepaid Expenses and Deferred Charges$3,804$3,511▼ $293
Total Assets$2,172,138$2,388,039▲ $215,901
Other Assets Total$4,036$1,468▼ $2,568
Liabilities
Accounts Payable and Accrued Expenses-$200-
Total Liabilities$0$200▲ $200
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,708,644$1,852,391▲ $143,747
Net Assets Without Donor Restrictions$463,494$535,448▲ $71,954
Total Net Assets Fund Balance$2,172,138$2,387,839▲ $215,701
Total Liabilities and Net Assets / Fund Balance$2,172,138$2,388,039▲ $215,901

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$41,676$41,676
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dr Hayward CordyPresident
Anthony JamesTrustee
Brad WilsonTrustee
Carol MorrisTrustee
Jill HayTrustee
Khrista HenryTrustee
Craig HarperExecutive Di
Steve LuskTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$100,909
Program Service Revenue
$30,859
Investment Income
$201,084
Other Revenue
$0
All Other Contributions
$100,909
Change in Net Assets
$208,207

Audited Revenue Reconciliation

Revenue per Audited Statements
$332,852
Revenue Not Reported on Form 990
$420,484
Total Revenue per Audited Statements
$753,336
Total Revenue per Form 990
$332,852
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$102,145
Grants and Similar Amounts Paid$22,500
Total Fundraising Expense$1,073
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$22,500--$22,500
Office Expenses-$18,207$515$18,722
Fees for Services Accounting-$12,003-$12,003
Travel$3,662--$3,662
Other Expenses$6,947$2,120$523$2,643
All Other Expenses$900$108$35$1,043
Total Functional Expenses$86,680$36,892$1,073$124,645

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$537,635
Expenses Not Reported on Form 990$412,990
Expenses per Audited Statements$124,645
Total Expenses per Form 990$124,645
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed by the executive director.

Form 990, Page 6, Part VI, Line 12C

Reason for statement the page foundation, as a nonprofit, tax-exempt organization, depends on charitable contributions from the public. Maintenance of its tax-exempt status is important both for its continued financial stability and for the receipt of contributions and public support. Therefore, the operations of the page foundation first must fulfill all legal requirements. They also depend on the public trust and thus are subject to scrutiny by and accountability to both governmental authorities and members of the public. Consequently, there exists between the page foundation and its board, officers, and management employees a fiduciary duty that carries with it a broad and unbending duty of loyalty and fidelity. The board, officers, and management employees have the responsibility of administering the affairs of the page foundation honestly and prudently, and of exercising their best care, skill, and judgment for the sole benefit of the page foundation. Those persons shall exercise the utmost good faith in all transactions involved in their duties, and they shall not use their positions with the page foundation or knowledge gained there from for their personal benefit. The interests of the organization must have the first priority in all decisions and actions. Persons concerned this statement is directed not only to board members and officers, but to all employees who can influence the actions of the page foundation. For example, this includes all who make purchasing decisions, all other persons who might be described as "management personnel,- and all who have proprietary information concerning the page foundation. Key areas in which conflict may arise conflicts of interest may arise in the relations of directors, officers, and management employees with any of the following third parties: persons and firms supplying goods and services to the page foundation persons and firms from whom the page foundation leases property and equipment persons and firms with whom the page foundation is dealing or planning to deal in connection with the gift, purchase or sale of real estate, securities, or other property competing or affinity organizations donors and others supporting the page foundation recipients of scholarships or grants from the page foundation agencies, organizations, and associations that affect the operations of the page foundation family members, friends, and other employees nature of conflicting interest a material conflicting interest may be defined as an interest, direct or indirect, with any persons and firms doing business with the page foundation or seeking such a relationship. Such an interest might arise, for example, through 1.owning stock or holding debt or other proprietary interests in any third party dealing with the page foundation 2.holding office, serving on the board, participating in management, or being otherwise employed (or formerly employed) by any third party dealing with the page foundation 3.receiving remuneration for services with respect to individual transactions involving the page foundation 4.using the page foundation's time, personnel, equipment, supplies, or good will other than for approved page foundation activities, programs, and purposes 5.receiving personal gifts or loans from third parties dealing with the page foundation. Receipt of any gift is disapproved except gifts of nominal value that could not be refused without discourtesy. No personal gift of money should ever be accepted. Interpretation of this statement of policy the areas of conflicting interest listed in the previous section, and the relations in those areas that may give rise to conflict are not exhaustive. Conceivably, conflicts might arise in other areas or through other relations. It is assumed that the trustees, officers, and management employees will recognize such areas and relation by analogy. The fact that one of the interests described exists does not mean necessarily that a conflict exists, or that the con

Form 990, Page 6, Part VI, Line 19

Governing documents are not made available to the public

Filing and Contact Details

Filer

Filer Name
Professional Association of Georgia
EIN
58-1740503
Phone
7702168555
Address
PO BOX 942270, ATLANTA, GA 31141-2270

Signing Officer

Name
Dr Hayward Cordy
Title
President
Phone
7702168555
Signed
2024-12-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Hayward Cordy
Formed
1985
Legal Domicile
Ga
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Firm
Rushton LLC
Address
PO BOX 2917, GAINESVILLE, GA 30503
Preparer
J Chris Hollifield
Phone
7702877800
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

The page student teacher achievement recognition (star) program honors georgia's highest-achieving high school seniors and the teachers most instrumental in their academic development. Since inception, the page star program has honored more than 29,500 students and teachers. The star program was launched in 1958 by the georgia chamber of commerce. In 1994, the professional association of georgia educators (page) foundation assumed responsibility for the administration and promotion of the statewide program. The nearly 92,000 members of page and the trustees of the page foundation are honored to recognize georgia's future leaders and the professional educators who have nurtured these scholars. At the local, region, and state levels, the page star program unites educators with business and civic leaders to honor academic excellence.

Form 990, Page 2, Part III, Line 4B

The page foundation is dedicated to promoting excellence in georgia's public schools and offers scholarships to enhance the teaching profession. In 1986, georgia gov. George busbee presented the first page future teacher scholarship. Since then, page has invested more than 600,000 in financial assistance to students who have distinguished themselves academically and through their service within the field of education. They will be the teachers who take georgia's students to the next millennium. With the advent of the hope scholarships, the foundation shifted the focus of its financial assistance programs to include those who have already worked as educators. In addition to college students, scholarships are provided to teachers who wish to pursue graduate degrees and also to paraprofessionals who want to become teachers. As with the earlier scholarships, the goal remains the same: to enhance the teaching profession. Applications are scored on the basis of academic achievement and recommendations, as well as two written essays. Each scholarship is a one- time cash award payable to the recipient's college or university. The award amount is specified on the application for each scholarship.

Financial Statement Notes

Schedule D, Page 3, Part X

Effective july 1, 2009, the foundation implemented the new accounting requirements associated with uncertainty in income taxes using the provisions of financial accounting standards board fasb asc 740, income taxes. The guidance prescribes a minimum recognition threshold and measurement methodology that a tax position taken or expected to be taken in a tax return is required before being recognized in the financial statements. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of the end of the current fiscal year, the foundation has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. With few exceptions, the foundation is no longer subject to u.s. Federal, state, and local income tax examinations by tax authorities for years before fiscal year 2021.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0EFFECTIVE JULY 1, 2009, THE FOUNDATION IMPLEMENTED THE NEW ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD FASB ASC 740, INCOME TAXES. THE GUIDANCE PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF THE END OF THE CURRENT FISCAL YEAR, THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE, AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE FISCAL YEAR 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PAGE STUDENT TEACHER ACHIEVEMENT RECOGNITION (STAR) PROGRAM HONORS GEORGIA'S HIGHEST-ACHIEVING HIGH SCHOOL SENIORS AND THE TEACHERS MOST INSTRUMENTAL IN THEIR ACADEMIC DEVELOPMENT. SINCE INCEPTION, THE PAGE STAR PROGRAM HAS HONORED MORE THAN 29,500 STUDENTS AND TEACHERS. THE STAR PROGRAM WAS LAUNCHED IN 1958 BY THE GEORGIA CHAMBER OF COMMERCE. IN 1994, THE PROFESSIONAL ASSOCIATION OF GEORGIA EDUCATORS (PAGE) FOUNDATION ASSUMED RESPONSIBILITY FOR THE ADMINISTRATION AND PROMOTION OF THE STATEWIDE PROGRAM. THE NEARLY 92,000 MEMBERS OF PAGE AND THE TRUSTEES OF THE PAGE FOUNDATION ARE HONORED TO RECOGNIZE GEORGIA'S FUTURE LEADERS AND THE PROFESSIONAL EDUCATORS WHO HAVE NURTURED THESE SCHOLARS. AT THE LOCAL, REGION, AND STATE LEVELS, THE PAGE STAR PROGRAM UNITES EDUCATORS WITH BUSINESS AND CIVIC LEADERS TO HONOR ACADEMIC EXCELLENCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PAGE FOUNDATION IS DEDICATED TO PROMOTING EXCELLENCE IN GEORGIA'S PUBLIC SCHOOLS AND OFFERS SCHOLARSHIPS TO ENHANCE THE TEACHING PROFESSION. IN 1986, GEORGIA GOV. GEORGE BUSBEE PRESENTED THE FIRST PAGE FUTURE TEACHER SCHOLARSHIP. SINCE THEN, PAGE HAS INVESTED MORE THAN 600,000 IN FINANCIAL ASSISTANCE TO STUDENTS WHO HAVE DISTINGUISHED THEMSELVES ACADEMICALLY AND THROUGH THEIR SERVICE WITHIN THE FIELD OF EDUCATION. THEY WILL BE THE TEACHERS WHO TAKE GEORGIA'S STUDENTS TO THE NEXT MILLENNIUM. WITH THE ADVENT OF THE HOPE SCHOLARSHIPS, THE FOUNDATION SHIFTED THE FOCUS OF ITS FINANCIAL ASSISTANCE PROGRAMS TO INCLUDE THOSE WHO HAVE ALREADY WORKED AS EDUCATORS. IN ADDITION TO COLLEGE STUDENTS, SCHOLARSHIPS ARE PROVIDED TO TEACHERS WHO WISH TO PURSUE GRADUATE DEGREES AND ALSO TO PARAPROFESSIONALS WHO WANT TO BECOME TEACHERS. AS WITH THE EARLIER SCHOLARSHIPS, THE GOAL REMAINS THE SAME: TO ENHANCE THE TEACHING PROFESSION. APPLICATIONS ARE SCORED ON THE BASIS OF ACADEMIC ACHIEVEMENT AND RECOMMENDATIONS, AS WELL AS TWO WRITTEN ESSAYS. EACH SCHOLARSHIP IS A ONE- TIME CASH AWARD PAYABLE TO THE RECIPIENT'S COLLEGE OR UNIVERSITY. THE AWARD AMOUNT IS SPECIFIED ON THE APPLICATION FOR EACH SCHOLARSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REASON FOR STATEMENT THE PAGE FOUNDATION, AS A NONPROFIT, TAX-EXEMPT ORGANIZATION, DEPENDS ON CHARITABLE CONTRIBUTIONS FROM THE PUBLIC. MAINTENANCE OF ITS TAX-EXEMPT STATUS IS IMPORTANT BOTH FOR ITS CONTINUED FINANCIAL STABILITY AND FOR THE RECEIPT OF CONTRIBUTIONS AND PUBLIC SUPPORT. THEREFORE, THE OPERATIONS OF THE PAGE FOUNDATION FIRST MUST FULFILL ALL LEGAL REQUIREMENTS. THEY ALSO DEPEND ON THE PUBLIC TRUST AND THUS ARE SUBJECT TO SCRUTINY BY AND ACCOUNTABILITY TO BOTH GOVERNMENTAL AUTHORITIES AND MEMBERS OF THE PUBLIC. CONSEQUENTLY, THERE EXISTS BETWEEN THE PAGE FOUNDATION AND ITS BOARD, OFFICERS, AND MANAGEMENT EMPLOYEES A FIDUCIARY DUTY THAT CARRIES WITH IT A BROAD AND UNBENDING DUTY OF LOYALTY AND FIDELITY. THE BOARD, OFFICERS, AND MANAGEMENT EMPLOYEES HAVE THE RESPONSIBILITY OF ADMINISTERING THE AFFAIRS OF THE PAGE FOUNDATION HONESTLY AND PRUDENTLY, AND OF EXERCISING THEIR BEST CARE, SKILL, AND JUDGMENT FOR THE SOLE BENEFIT OF THE PAGE FOUNDATION. THOSE PERSONS SHALL EXERCISE THE UTMOST GOOD FAITH IN ALL TRANSACTIONS INVOLVED IN THEIR DUTIES, AND THEY SHALL NOT USE THEIR POSITIONS WITH THE PAGE FOUNDATION OR KNOWLEDGE GAINED THERE FROM FOR THEIR PERSONAL BENEFIT. THE INTERESTS OF THE ORGANIZATION MUST HAVE THE FIRST PRIORITY IN ALL DECISIONS AND ACTIONS. PERSONS CONCERNED THIS STATEMENT IS DIRECTED NOT ONLY TO BOARD MEMBERS AND OFFICERS, BUT TO ALL EMPLOYEES WHO CAN INFLUENCE THE ACTIONS OF THE PAGE FOUNDATION. FOR EXAMPLE, THIS INCLUDES ALL WHO MAKE PURCHASING DECISIONS, ALL OTHER PERSONS WHO MIGHT BE DESCRIBED AS "MANAGEMENT PERSONNEL,- AND ALL WHO HAVE PROPRIETARY INFORMATION CONCERNING THE PAGE FOUNDATION. KEY AREAS IN WHICH CONFLICT MAY ARISE CONFLICTS OF INTEREST MAY ARISE IN THE RELATIONS OF DIRECTORS, OFFICERS, AND MANAGEMENT EMPLOYEES WITH ANY OF THE FOLLOWING THIRD PARTIES: PERSONS AND FIRMS SUPPLYING GOODS AND SERVICES TO THE PAGE FOUNDATION PERSONS AND FIRMS FROM WHOM THE PAGE FOUNDATION LEASES PROPERTY AND EQUIPMENT PERSONS AND FIRMS WITH WHOM THE PAGE FOUNDATION IS DEALING OR PLANNING TO DEAL IN CONNECTION WITH THE GIFT, PURCHASE OR SALE OF REAL ESTATE, SECURITIES, OR OTHER PROPERTY COMPETING OR AFFINITY ORGANIZATIONS DONORS AND OTHERS SUPPORTING THE PAGE FOUNDATION RECIPIENTS OF SCHOLARSHIPS OR GRANTS FROM THE PAGE FOUNDATION AGENCIES, ORGANIZATIONS, AND ASSOCIATIONS THAT AFFECT THE OPERATIONS OF THE PAGE FOUNDATION FAMILY MEMBERS, FRIENDS, AND OTHER EMPLOYEES NATURE OF CONFLICTING INTEREST A MATERIAL CONFLICTING INTEREST MAY BE DEFINED AS AN INTEREST, DIRECT OR INDIRECT, WITH ANY PERSONS AND FIRMS DOING BUSINESS WITH THE PAGE FOUNDATION OR SEEKING SUCH A RELATIONSHIP. SUCH AN INTEREST MIGHT ARISE, FOR EXAMPLE, THROUGH 1.OWNING STOCK OR HOLDING DEBT OR OTHER PROPRIETARY INTERESTS IN ANY THIRD PARTY DEALING WITH THE PAGE FOUNDATION 2.HOLDING OFFICE, SERVING ON THE BOARD, PARTICIPATING IN MANAGEMENT, OR BEING OTHERWISE EMPLOYED (OR FORMERLY EMPLOYED) BY ANY THIRD PARTY DEALING WITH THE PAGE FOUNDATION 3.RECEIVING REMUNERATION FOR SERVICES WITH RESPECT TO INDIVIDUAL TRANSACTIONS INVOLVING THE PAGE FOUNDATION 4.USING THE PAGE FOUNDATION'S TIME, PERSONNEL, EQUIPMENT, SUPPLIES, OR GOOD WILL OTHER THAN FOR APPROVED PAGE FOUNDATION ACTIVITIES, PROGRAMS, AND PURPOSES 5.RECEIVING PERSONAL GIFTS OR LOANS FROM THIRD PARTIES DEALING WITH THE PAGE FOUNDATION. RECEIPT OF ANY GIFT IS DISAPPROVED EXCEPT GIFTS OF NOMINAL VALUE THAT COULD NOT BE REFUSED WITHOUT DISCOURTESY. NO PERSONAL GIFT OF MONEY SHOULD EVER BE ACCEPTED. INTERPRETATION OF THIS STATEMENT OF POLICY THE AREAS OF CONFLICTING INTEREST LISTED IN THE PREVIOUS SECTION, AND THE RELATIONS IN THOSE AREAS THAT MAY GIVE RISE TO CONFLICT ARE NOT EXHAUSTIVE. CONCEIVABLY, CONFLICTS MIGHT ARISE IN OTHER AREAS OR THROUGH OTHER RELATIONS. IT IS ASSUMED THAT THE TRUSTEES, OFFICERS, AND MANAGEMENT EMPLOYEES WILL RECOGNIZE SUCH AREAS AND RELATION BY ANALOGY. THE FACT THAT ONE OF THE INTERESTS DESCRIBED EXISTS DOES NOT MEAN NECESSARILY THAT A CONFLICT EXISTS, OR THAT THE CON
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0J CHRIS HOLLIFIELD
ReturnHeader/ReturnTs02025-05-06T13:12:59-04:00
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ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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