Grant Park Cooperative Preschool

“Enforcement of Conflicts Policy POLICY AND POTENTIAL CONFLICTS ARE REVIEWED BY THE GOVERNING BOARD.”

“Compensation Process for Top Official COMPENSATION OF EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED BY GOVERNING BOARD.”

“Governing Documents Disclosure Explanation . GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. A PAPER COPY IS RETAINED BY THE ORGANIZATION AND DOCUMENTS IN PDF FORMAT ARE RETAINED BY THE PREPARER.”

“Families provide volunteer services to the preschool through parent workdays (repairs and maintenance) and classroom participation. Total volunteer hours are estimated at 600,000.”

“Organizations Process to Review Form 990 PREPARER REVIEWS FORM 990 WITH OPERATIONS MANAGER.”

“Line 25 Other Liabilities: SECOND PPP LOAN OF $158,138.00 WAS APPLIED FOR FORGIVENESS BUT GOT SUBSEQUENTLY REJECTED DUE TO RESPONSE TIME BEING DELAYED DUE TO ILLNESS. WE ARE MAKING THE LOAN REPAYMENT AT 1% RATE.”

“Line 11 - 2022 return reported investments at Edward Jones incorrectly at market value, which resulted in overstatement of portfolio income of $11,183.67. Balance sheet has been corrected and 2023 return shows investment at cost basis, which is correct for cash basis reporting.”

“Line 1e - Government grants STABLE GRANT INCOME WAS RECEIVED FROM DECAL WHICH REQUIRES ADHEREMENT TO THE FOLLOWING AFFIRMATIONS: 1. This child care program will, when open and providing services, implement policies in line with rules, guidance, and orders from the Georgia Department of Early Care and Learning and, to the greatest extent possible, implement, implement policies in line with guidance from the Centers for Disease Control and Prevention. 2. This child care program will not involuntarily furlough employees and will ensure that all employees receive at least the same compensation of wages and benefits from the date of the application submission through the duration of the subgrant period. This does not apply in cases of separation, voluntary or involuntary, between the child care program and an employee. 3. This child care program will provide relief from copayments and tuition payments for the families enrolled in the program, to the extent possible, and prioritize such relief for families struggling to make either type of payment.”