Royal Palm Academy Inc

“The executive committee shall consist of the president, immediate past president (when applicable), vice president, treasurer, and the secretary, and the chairpersons of the standing committees. The executive committee may act for the board of directors between meetings of the board, within the policies established by the board and with such additional authority as may be delegated by the board, except in those matters reserved by law, the articles of incorporation or in these bylaws for determination by the board of directors. In all matters relating to the ordinary conduct of the affairs of royal palm academy, inc., the executive committee of the board of directors shall have and may exercise, as required, the powers of the board of directors. Actions which are not considered in the ordinary course of business shall include the borrowing of money, the selling of real estate, or an expenditure in excess of $50,000, and therefore require action by the full board.”

“The chief financial and operating officer reviews the 990 and forwards a copy to the head of the school and the treasurer for final review. All board members are provided a copy of the 990 before it is filed with the irs.”

“All board members and officers shall avoid any action which gives rise to an actual conflict or which gives even the appearance of presenting a conflict of interest. Where a conflict exists or may be perceived to exist, board members and officers shall follow the procedures outlined in this policy. Duty to disclose - in connection with any actual or possible conflict of interest, an interested person must disclose fully the existence of the financial or conflicting interest and be given the opportunity to disclose all material facts to the board of directors and/or members of committees with governing board delegated powers considering the proposed transaction or arrangement. Determining whether a conflict of interest exists - after disclosure of the financial and/or conflicting interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board members shall decide if a conflict of interest exists. Procedures for addressing the conflict of interest a. An interested person may make a presentation at the governing board meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and vote on, the transaction or arrangement involving the possible conflict of interest. B. The president of the governing board shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. C. While exercising the appropriate due diligence and good business judgment, the governing board or committee shall determine whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. D. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement. Violation of the conflict of interest policy a. If the governing board has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. B. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action which may include among other things a rebuke, a censure and/or removal from the board of directors or officer position(s). Annually, board members submit a signed statement that there are no conflicts.”

“Compensation of the head of school (ceo) is determined annually by the full board of directors with collaborative review and consideration of comparable market salaries. Compensation of all other employees is determined by the head of school with consideration of comparable market salaries and oversight by the board of directors. The process described here was last completed in 2024.”

“AVAILABLE UPON REQUEST.”