Polk Education Foundation And

“Section a, line 1a: the executive committee of the board of directors shall consist of the following (4) directors: 1-the president of the foundation, who shall be chairman. 2-the secretary/treasurer of the foundation. 3-chairman of the finance committee of the foundation. 4-the vice-president of the foundation, who shall be vice chairman. The executive committee shall have and may exercise all powers and authority of the board of directors when the board is not in session, subject only to such restrictions as the board may from time to time specify. However, the executive committee shall have no authority to alter, amend or repeal the charter or the by-laws of the foundation or to appoint directors. All actions of the executive committee shall be reported in writing to the directors individually within thirty (30) days after such action is taken or at a meeting of the board of directors, if a metting is held within that period of time.”

“A copy of the 990 is provided to all board members before filing and the 990 is reviewed and approved by the finance committee before filing.”

“The foundation has adopted the following policy regarding conflicts of interest: no officer, director or employee of the foundation may serve as an officer, employee, partner, member or director of, or act as agent or fiduciary for or otherwise have a financial interest in a service provider, vendor, investment manager or business partner of the foundation, unless such participation has been specifically authorized by the board president, and with full disclosure to the board. Any member of the board or committee who has or may have a conflict of interest shall notify the committee chairman (or other presiding officer) and board president of such actual or potential conflict prior to any meeting at which such matter may arise, and shall specify the nature and particulars of such actual or potential conflict. The presiding officer shall advise the board or committee of such potential conflict of interest before the matter is discussed, and the applicable member shall leave the meeting while the discussion of the matter ensues. No board member, volunteer committee member or staff member may participate in any vote or decision involving an entity with which he or she, or a member of his or her immediate family, is employed or has any direct or beneficial economic interest. At the first meeting of each fiscal year, board and committee members and staff will complete the conflict of interest disclosure statement.”

“The governing documents, conflict of interest policy and financial statements are made available upon request.”

“To establish a proactive partnership between the community and the public school system to link community resources with the educational needs of its students through reading and mentoring programs, scholarships, school grants and other education endeavors.”

“Other program services: general - various award programs and direct assistance projects involving students/teachers directed towards motivating and rewarding various educational objectives.”

“Consortium dues & conference 0 665 0 general & administrative 0 7,086 0 subscriptions 0 3,359 0 t2t/s2s expenses 49,842 0 0 pef other program expenses 100,144 0 0 other grant expense 403,364 0 0 event expense - inspire award 50,149 0 0 event expense - inspire award 37,950 0 0 other program expenses 2,776 0 0 other program expenses:non-fu 288,443 0 0 other program expenses:1099 n 35,728 0 0 other program expenses:1099 m 14,000 0 0 total 982,396 11,110 0”

“Gain on value of prepaid scholarships 646,996 academic refunds 4,994 total 651,990”