Educational Opportunities Inc.

“A copy of form 990 was sent electronically to all board members prior to filing with the irs. In addition, prior to filing form 990, a review was conducted by the tax preparer with corporate counsel and board members of the organization.”

“All members of the board of directors are bound by the corporation's conflict of interest policy. Conflicts are determined and reviewed by the board of directors. The corporation's procedures with respect to conficts of interest are listed below: a. Prior to board or committee action on a contract or transaction involving a conflict of interest policy, a director or committee member having a conflict of interest and who is in attendance at the meeting shall disclose all facts material to the conflict of interest. Such disclosure shall be reflected in the minutes of the meeting. B. A director or committee member who plans not to attend a meeting at which he or she has reason to believe that the board or committee will act on a matter in which the person has a conflict of interest shall disclose to the chair of the meeting all facts material to the conflict of interest. The chair shall report the disclosure at the meeting and the disclosure shall be reflected in the minutes of the meeting. C. A person who has a conflict of interest shall not participate in or be permitted to hear the board's or committee's discussion of the matter except to disclose material facts and to respond to questions. Such person shall not attempt to exert his or her personal influence with respect to the matter, either at or outside the meeting. D. A person who has a conflict of interest with respect to a contract or transaction that will be voted on at a meeting shall not be counted in determining the presence of a quorum for purposes of the vote. The person having a conflict of interest may not vote on the contract or transaction and shall not be present in the meeting room when the vote is taken, unless the vote is by secret ballot. Such person's ineligibility to vote shall be reflected in the minutes of the meeting. E. Responsible persons who are not members of the board of directors of eoi, or who have a conflict of interest with respect to a contract or transaction that is not the subject of board or committee actions, shall disclose to the chair or the chair's designee any conflict of interest that such responsible person has with respect to a contract or transaction. Such disclosure shall be made as soon as the conflict of interest is known to the responsible person. The responsible person shall refrain from any action that may affect eoi's participation in such contract or transaction.”

“Financial statements, governing documents and conflict of interest policies are not required disclosures pursuant to internal revenue code (irc) section 6104. These documents are not available to the public at this time.”

“Temporarily restricted - scholarship fund reduction -17,400.”